Robert W. Baird Lowers Sunnova Energy International (NYSE:NOVA) Price Target to $12.00

Sunnova Energy International (NYSE:NOVA) had its target price decreased by Robert W. Baird from $18.00 to $12.00 in a report released on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group increased their target price on Sunnova Energy International from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Guggenheim lifted their price objective on shares of Sunnova Energy International from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, July 26th. BMO Capital Markets increased their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Monday, October 14th. Royal Bank of Canada lifted their price target on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group began coverage on shares of Sunnova Energy International in a research note on Thursday, October 10th. They set a “buy” rating and a $15.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Sunnova Energy International presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.61.

Sunnova Energy International Stock Performance

Sunnova Energy International stock opened at $6.55 on Friday. Sunnova Energy International has a 52 week low of $3.37 and a 52 week high of $16.35. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 3.11. The stock has a market cap of $817.83 million, a P/E ratio of -1.96 and a beta of 2.26. The stock has a 50 day moving average of $8.59 and a 200-day moving average of $6.93.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The company had revenue of $235.30 million for the quarter, compared to the consensus estimate of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.46%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.53) earnings per share. On average, analysts expect that Sunnova Energy International will post -1.99 EPS for the current fiscal year.

Insider Activity

In related news, insider William J. Berger sold 77,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $11.31, for a total transaction of $870,870.00. Following the completion of the transaction, the insider now owns 409,045 shares of the company’s stock, valued at $4,626,298.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NOVA. Peoples Bank KS purchased a new position in Sunnova Energy International in the 2nd quarter worth about $56,000. Caxton Associates LP acquired a new position in Sunnova Energy International in the 1st quarter worth approximately $62,000. First Trust Direct Indexing L.P. purchased a new position in Sunnova Energy International during the 1st quarter worth approximately $66,000. Presidio Capital Management LLC acquired a new stake in Sunnova Energy International during the 2nd quarter valued at $67,000. Finally, nVerses Capital LLC lifted its holdings in shares of Sunnova Energy International by 237.8% in the second quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock valued at $70,000 after purchasing an additional 8,800 shares in the last quarter.

Sunnova Energy International Company Profile

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.