Sunnova Energy International Inc. (NYSE:NOVA) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Sunnova Energy International Inc. (NYSE:NOVA) by 27.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,820 shares of the company’s stock after selling 15,667 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sunnova Energy International were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Sunnova Energy International by 55.8% in the 2nd quarter. SG Americas Securities LLC now owns 54,783 shares of the company’s stock valued at $306,000 after buying an additional 19,615 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Sunnova Energy International by 87,558.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 105,190 shares of the company’s stock valued at $587,000 after buying an additional 105,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Sunnova Energy International by 166.9% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 69,017 shares of the company’s stock valued at $385,000 after buying an additional 43,161 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Sunnova Energy International by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 394,812 shares of the company’s stock valued at $2,203,000 after buying an additional 48,119 shares during the period. Finally, Presidio Capital Management LLC purchased a new stake in shares of Sunnova Energy International in the 2nd quarter valued at $67,000.

Insiders Place Their Bets

In other Sunnova Energy International news, Director Akbar Mohamed bought 54,717 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $3.80 per share, with a total value of $207,924.60. Following the purchase, the director now owns 302,654 shares in the company, valued at approximately $1,150,085.20. This represents a 22.07 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric Michael Williams bought 13,800 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $3.60 per share, with a total value of $49,680.00. Following the completion of the purchase, the chief financial officer now owns 13,800 shares in the company, valued at approximately $49,680. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 118,517 shares of company stock valued at $439,605. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NOVA has been the topic of several research analyst reports. Wolfe Research downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Piper Sandler cut their price target on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Royal Bank of Canada downgraded Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft cut their price target on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Barclays cut their price target on Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Sunnova Energy International currently has an average rating of “Hold” and a consensus price target of $10.73.

Sunnova Energy International Stock Down 1.7 %

Sunnova Energy International stock opened at $4.02 on Monday. Sunnova Energy International Inc. has a twelve month low of $2.99 and a twelve month high of $16.35. The stock has a 50 day moving average of $5.05 and a two-hundred day moving average of $6.96. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The stock has a market capitalization of $502.31 million, a price-to-earnings ratio of -1.20 and a beta of 2.22.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company had revenue of $235.30 million for the quarter, compared to analyst estimates of $238.23 million. During the same period in the previous year, the business posted ($0.53) earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. As a group, research analysts expect that Sunnova Energy International Inc. will post -2.44 earnings per share for the current year.

Sunnova Energy International 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.