Mizuho Downgrades Sunnova Energy International (NYSE:NOVA) to Neutral

Sunnova Energy International (NYSE:NOVA) was downgraded by equities researchers at Mizuho from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. They presently have a $1.00 price target on the stock, down from their previous price target of $11.00. Mizuho’s price target points to a potential upside of 49.03% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Guggenheim downgraded shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered Sunnova Energy International from an “overweight” rating to a “neutral” rating in a report on Monday. Roth Mkm downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating in a report on Monday. Baird R W downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, BMO Capital Markets reduced their price target on shares of Sunnova Energy International from $4.00 to $0.85 and set a “market perform” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Sunnova Energy International presently has an average rating of “Hold” and an average target price of $5.54.

Sunnova Energy International Trading Up 13.1 %

NYSE:NOVA opened at $0.67 on Wednesday. The company has a market cap of $83.84 million, a PE ratio of -0.20 and a beta of 2.28. The business’s 50 day moving average is $2.76 and its two-hundred day moving average is $5.52. 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 has a 52 week low of $0.47 and a 52 week high of $13.00.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). The business had revenue of $224.13 million during the quarter, compared to analyst estimates 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. On average, analysts predict that Sunnova Energy International will post -2.63 EPS for the current year.

Institutional Trading of Sunnova Energy International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning bought a new stake in Sunnova Energy International during the third quarter worth approximately $107,000. International Assets Investment Management LLC boosted its stake in shares of Sunnova Energy International by 37,400.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after acquiring an additional 2,992 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Sunnova Energy International by 11.6% during the third quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock worth $189,000 after purchasing an additional 2,016 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Sunnova Energy International by 28.4% during the third quarter. GSA Capital Partners LLP now owns 130,741 shares of the company’s stock valued at $1,273,000 after purchasing an additional 28,931 shares during the last quarter. Finally, Mizuho Markets Americas LLC increased its stake in Sunnova Energy International by 53.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 282,805 shares of the company’s stock worth $2,755,000 after purchasing an additional 98,800 shares in the last quarter.

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.