Q4 2024 EPS Estimates for Sunnova Energy International Inc. Raised by Roth Capital (NYSE:NOVA)

Sunnova Energy International Inc. (NYSE:NOVA) – Stock analysts at Roth Capital upped their Q4 2024 EPS estimates for Sunnova Energy International in a research note issued on Thursday, May 2nd. Roth Capital analyst P. Shen now forecasts that the company will post earnings of $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Sunnova Energy International’s current full-year earnings is ($2.39) per share. Roth Capital also issued estimates for Sunnova Energy International’s Q4 2025 earnings at $0.00 EPS.

NOVA has been the topic of several other research reports. Morgan Stanley restated an “equal weight” rating and issued a $14.00 target price (down previously from $24.00) on shares of Sunnova Energy International in a report on Monday, March 4th. Truist Financial dropped their target price on shares of Sunnova Energy International from $16.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday. Mizuho dropped their target price on shares of Sunnova Energy International from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, April 19th. The Goldman Sachs Group dropped their target price on shares of Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, KeyCorp lowered shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sunnova Energy International has an average rating of “Moderate Buy” and a consensus target price of $16.71.

Sunnova Energy International Price Performance

Shares of NYSE:NOVA opened at $4.79 on Friday. The firm has a market cap of $592.57 million, a PE ratio of -1.43 and a beta of 2.15. The firm’s fifty day moving average is $5.11 and its 200-day moving average is $9.15. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.85 and a current ratio of 0.85. Sunnova Energy International has a 52 week low of $3.37 and a 52 week high of $24.56.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.57) EPS for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.22. The company had revenue of $160.90 million for the quarter, compared to analyst estimates of $193.78 million. Sunnova Energy International had a negative net margin of 56.52% and a negative return on equity of 12.35%. Sunnova Energy International’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.70) earnings per share.

Institutional Trading of Sunnova Energy International

A number of hedge funds have recently bought and sold shares of NOVA. Ballentine Partners LLC bought a new stake in shares of Sunnova Energy International in the fourth quarter valued at $161,000. Vanguard Group Inc. raised its stake in shares of Sunnova Energy International by 3.8% in the third quarter. Vanguard Group Inc. now owns 10,270,487 shares of the company’s stock valued at $107,532,000 after buying an additional 379,032 shares during the period. Van ECK Associates Corp raised its stake in shares of Sunnova Energy International by 124.4% in the fourth quarter. Van ECK Associates Corp now owns 1,563,320 shares of the company’s stock valued at $23,841,000 after buying an additional 866,705 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Sunnova Energy International in the third quarter valued at $593,000. Finally, Money Concepts Capital Corp raised its stake in shares of Sunnova Energy International by 20.3% in the third quarter. Money Concepts Capital Corp now owns 634,117 shares of the company’s stock valued at $6,639,000 after buying an additional 106,819 shares during the period.

Insider Activity at Sunnova Energy International

In other Sunnova Energy International news, Director Akbar Mohamed purchased 152,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $6.92 per share, for a total transaction of $1,054,954.00. Following the completion of the acquisition, the director now 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 through this hyperlink. In related news, 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 transaction of $50,445.00. Following the sale, the insider now directly owns 14,007 shares in the company, valued at $74,377.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Akbar Mohamed purchased 152,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of $6.92 per share, for a total transaction of $1,054,954.00. Following the completion of the acquisition, the director now directly owns 236,139 shares of the company’s stock, valued at approximately $1,634,081.88. The disclosure for this purchase can be found here. Over the last three months, insiders sold 23,580 shares of company stock valued at $137,382. 4.50% of the stock is owned by insiders.

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.