Sunnova Energy International Inc. (NYSE:NOVA) Given Consensus Recommendation of “Hold” by Brokerages

Sunnova Energy International Inc. (NYSE:NOVA) has earned a consensus rating of “Hold” from the twenty-six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, twenty-two have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.36.

NOVA has been the topic of a number of recent analyst reports. Piper Sandler dropped their price objective on Sunnova Energy International from $4.50 to $1.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Janney Montgomery Scott cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and set a $1.00 price target on the stock. in a research note on Tuesday, March 4th. Roth Mkm downgraded shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Mizuho downgraded shares of Sunnova Energy International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $11.00 to $1.00 in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered shares of Sunnova Energy International from an “overweight” rating to a “neutral” rating in a research report on Monday, March 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Sunnova Energy International by 560.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 73,519 shares of the company’s stock worth $27,000 after buying an additional 62,389 shares in the last quarter. Jeppson Wealth Management LLC acquired a new stake in Sunnova Energy International during the first quarter worth approximately $34,000. Cibc World Markets Corp purchased a new stake in Sunnova Energy International in the 4th quarter worth approximately $35,000. Crux Wealth Advisors acquired a new position in Sunnova Energy International in the 4th quarter valued at $35,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Sunnova Energy International during the 4th quarter worth $35,000.

Sunnova Energy International Stock Performance

NYSE NOVA opened at $0.16 on Tuesday. The stock has a market capitalization of $19.86 million, a price-to-earnings ratio of -0.05 and a beta of 2.99. The business’s 50 day moving average is $0.22 and its two-hundred day moving average is $1.79. Sunnova Energy International has a 12-month low of $0.15 and a 12-month high of $13.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26.

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.