Kempner Capital Management Inc. Invests $51,000 in Sunnova Energy International Inc. (NYSE:NOVA)

Kempner Capital Management Inc. acquired a new stake in Sunnova Energy International Inc. (NYSE:NOVA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,000 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOVA. PFG Investments LLC boosted its position in shares of Sunnova Energy International by 37.0% in the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock worth $63,000 after buying an additional 4,955 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Sunnova Energy International by 736.3% during the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock worth $85,000 after purchasing an additional 7,709 shares during the last quarter. Creative Planning acquired a new stake in Sunnova Energy International during the 3rd quarter valued at $107,000. Paloma Partners Management Co purchased a new position in Sunnova Energy International during the third quarter worth $151,000. Finally, SG Americas Securities LLC raised its holdings 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 worth $184,000 after acquiring an additional 29,834 shares during the last quarter.

Sunnova Energy International Price Performance

NOVA stock opened at $2.82 on Friday. The stock’s 50 day moving average is $3.96 and its two-hundred day moving average is $6.46. Sunnova Energy International Inc. has a 52-week low of $2.64 and a 52-week high of $13.00. The company has a market capitalization of $351.73 million, a PE ratio of -0.84 and a beta of 2.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The company had revenue of $235.30 million during the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.53) earnings per share. Analysts predict that Sunnova Energy International Inc. will post -2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Sunnova Energy International from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on shares of Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Morgan Stanley lowered their target price on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Piper Sandler reduced their price target on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunnova Energy International has an average rating of “Hold” and a consensus price target of $9.60.

Insider Transactions at Sunnova Energy International

In other Sunnova Energy International news, Director Akbar Mohamed acquired 54,717 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $3.80 per share, with a total value of $207,924.60. Following the completion of the acquisition, the director now directly owns 302,654 shares in the company, valued at $1,150,085.20. This trade represents a 22.07 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Eric Michael Williams purchased 13,800 shares of Sunnova Energy International stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the completion of the transaction, the chief financial officer now owns 13,800 shares in the company, valued at approximately $49,680. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 118,517 shares of company stock valued at $439,605. Insiders own 4.50% of the company’s stock.

About Sunnova Energy International

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.