Sunnova Energy International Inc. (NYSE:NOVA) Shares Acquired by Man Group plc

Man Group plc increased its position in Sunnova Energy International Inc. (NYSE:NOVA) by 57.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,446 shares of the company’s stock after acquiring an additional 75,460 shares during the period. Man Group plc owned approximately 0.18% of Sunnova Energy International worth $8,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP grew its stake in Sunnova Energy International by 32.5% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 811,380 shares of the company’s stock valued at $33,119,000 after acquiring an additional 199,150 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Sunnova Energy International by 62.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 566,892 shares of the company’s stock valued at $25,585,000 after buying an additional 218,982 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in Sunnova Energy International during the 1st quarter valued at $235,000. The Manufacturers Life Insurance Company grew its holdings in Sunnova Energy International by 5.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 32,093 shares of the company’s stock valued at $1,448,000 after buying an additional 1,634 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in Sunnova Energy International during the 1st quarter valued at $4,444,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Shares of NOVA opened at $36.40 on Thursday. The stock’s fifty day moving average price is $32.78. Sunnova Energy International Inc. has a 12-month low of $18.82 and a 12-month high of $57.70. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.63.

Sunnova Energy International (NYSE:NOVA) last posted its earnings results on Wednesday, April 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.03. Sunnova Energy International had a negative return on equity of 7.31% and a negative net margin of 124.34%. The company had revenue of $41.28 million for the quarter, compared to analysts’ expectations of $42.82 million. As a group, analysts predict that Sunnova Energy International Inc. will post -1.11 EPS for the current fiscal year.

A number of equities research analysts have commented on NOVA shares. Royal Bank of Canada started coverage on Sunnova Energy International in a report on Tuesday. They set an “outperform” rating and a $59.00 target price on the stock. B. Riley decreased their price target on shares of Sunnova Energy International from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, April 30th. Guggenheim assumed coverage on shares of Sunnova Energy International in a research note on Wednesday, June 2nd. They set a “buy” rating and a $51.00 price target on the stock. Evercore ISI started coverage on shares of Sunnova Energy International in a research note on Monday, April 26th. They set an “outperform” rating and a $52.00 price target on the stock. Finally, Stephens began coverage on Sunnova Energy International in a report on Thursday, June 24th. They issued an “overweight” rating and a $56.00 target price on the stock. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $52.33.

In other Sunnova Energy International news, insider Meghan Nutting sold 5,000 shares of the company’s stock in a transaction on Friday, May 21st. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the insider now owns 14,620 shares of the company’s stock, valued at $438,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.10% of the stock is currently owned by corporate insiders.

About Sunnova Energy International

Sunnova Energy International, Inc engages in providing solar and energy storage services. It also offers services to customers who purchased their solar energy system through unaffiliated third parties. The company was founded by William J. (John) Berger on October 22, 2012 and is headquartered in Houston, TX.

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Institutional Ownership by Quarter for Sunnova Energy International (NYSE:NOVA)

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