JPMorgan Chase & Co. Has $2.61 Million Holdings in Sunnova Energy International Inc. (NYSE:NOVA)

JPMorgan Chase & Co. decreased its position in Sunnova Energy International Inc. (NYSE:NOVA) by 67.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 759,881 shares of the company’s stock after selling 1,541,560 shares during the quarter. JPMorgan Chase & Co. owned about 0.61% of Sunnova Energy International worth $2,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Sunnova Energy International by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,562,684 shares of the company’s stock valued at $24,965,000 after buying an additional 88,945 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Sunnova Energy International in the third quarter valued at about $433,000. Peapack Gladstone Financial Corp boosted its position in shares of Sunnova Energy International by 11.0% in the third quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock valued at $314,000 after acquiring an additional 3,200 shares during the period. SG Americas Securities LLC grew its stake in shares of Sunnova Energy International by 125.0% in the fourth quarter. SG Americas Securities LLC now owns 53,706 shares of the company’s stock valued at $184,000 after acquiring an additional 29,834 shares in the last quarter. Finally, PFG Investments LLC increased its position in Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock worth $63,000 after acquiring an additional 4,955 shares during the period.

Sunnova Energy International Trading Up 26.6 %

NOVA opened at $0.23 on Wednesday. The company’s 50 day moving average price is $0.69 and its two-hundred day moving average price is $2.98. The firm has a market capitalization of $28.47 million, a price-to-earnings ratio of -0.07 and a beta of 2.89. Sunnova Energy International Inc. has a fifty-two week low of $0.15 and a fifty-two week high of $13.00. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($2.17). The business had revenue of $224.13 million during the quarter, compared to the consensus estimate of $235.85 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. During the same period in the prior year, the firm earned $0.37 EPS. As a group, research analysts predict that Sunnova Energy International Inc. will post -2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on NOVA shares. Robert W. Baird reissued a “neutral” rating and issued a $2.00 price objective (down previously from $9.00) on shares of Sunnova Energy International in a report on Monday, March 3rd. Capital One Financial cut Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 3rd. Janney Montgomery Scott lowered Sunnova Energy International from a “buy” rating to a “neutral” rating and set a $1.00 price objective on the stock. in a research note on Tuesday, March 4th. UBS Group downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating and cut their target price for the company from $5.00 to $0.65 in a research report on Tuesday, March 4th. Finally, Roth Capital cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.93.

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.