Sunnova Energy International (NOVA) to Release Quarterly Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.76) per share for the quarter. Parties that wish to register for the company’s earnings conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA) last announced its earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.04. Sunnova Energy International had a negative return on equity of 13.26% and a negative net margin of 58.00%. The business had revenue of $194.18 million for the quarter, compared to analysts’ expectations of $226.09 million. On average, analysts expect Sunnova Energy International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Price Performance

NYSE NOVA opened at $3.93 on Wednesday. The company has a 50-day moving average price of $6.10 and a 200-day moving average price of $9.44. Sunnova Energy International has a 52 week low of $3.52 and a 52 week high of $24.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $486.07 million, a P/E ratio of -1.12 and a beta of 2.08.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. B. Riley reduced their target price on shares of Sunnova Energy International from $21.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Evercore ISI decreased their target price on Sunnova Energy International from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Truist Financial reissued a “buy” rating and set a $16.00 price target (down previously from $18.00) on shares of Sunnova Energy International in a report on Monday, February 26th. Janney Montgomery Scott raised Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, March 22nd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $6.00 price objective (down from $11.00) on shares of Sunnova Energy International in a research report on Friday, April 19th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.48.

Insider Transactions at Sunnova Energy International

In other news, insider Paul S. Mathews sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $5.31, for a total transaction of $50,445.00. Following the transaction, the insider now owns 14,007 shares of the company’s stock, valued at approximately $74,377.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sunnova Energy International news, Director Akbar Mohamed acquired 152,450 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the transaction, the director now directly owns 236,139 shares of the company’s stock, valued at approximately $1,634,081.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul S. Mathews sold 9,500 shares of Sunnova Energy International stock in a transaction on Monday, March 11th. The stock was sold at an average price of $5.31, for a total value of $50,445.00. Following the sale, the insider now owns 14,007 shares of the company’s stock, valued at $74,377.17. The disclosure for this sale can be found here. Insiders have sold a total of 23,580 shares of company stock worth $137,382 in the last three months. Insiders own 4.50% of the company’s stock.

About Sunnova Energy International

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.