Sunnova Energy International (NYSE:NOVA) Price Target Lowered to $0.50 at The Goldman Sachs Group

Sunnova Energy International (NYSE:NOVA) had its target price reduced by The Goldman Sachs Group from $1.00 to $0.50 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on NOVA. Wells Fargo & Company lowered shares of Sunnova Energy International from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $4.00 to $0.50 in a report on Tuesday, March 4th. Janney Montgomery Scott lowered Sunnova Energy International from a “buy” rating to a “neutral” rating and set a $1.00 price target for the company. in a research report on Tuesday, March 4th. Mizuho downgraded Sunnova Energy International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $11.00 to $1.00 in a research report on Wednesday, March 5th. Robert W. Baird reiterated a “neutral” rating and issued a $2.00 target price (down from $9.00) on shares of Sunnova Energy International in a report on Monday, March 3rd. Finally, TD Cowen started coverage on shares of Sunnova Energy International in a report on Thursday, December 19th. They issued a “hold” rating and a $5.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.37.

Sunnova Energy International Trading Up 6.1 %

NOVA opened at $0.35 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The stock’s fifty day moving average is $1.43 and its two-hundred day moving average is $4.04. The company has a market capitalization of $43.75 million, a P/E ratio of -0.10 and a beta of 2.64. Sunnova Energy International has a 52 week low of $0.25 and a 52 week high of $13.00.

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

Institutional Trading of Sunnova Energy International

Several hedge funds and other institutional investors have recently bought and sold shares of NOVA. Sunbelt Securities Inc. purchased a new stake in Sunnova Energy International in the 4th quarter worth approximately $1,211,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sunnova Energy International by 20.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 446,138 shares of the company’s stock worth $1,530,000 after buying an additional 77,075 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in Sunnova Energy International in the fourth quarter valued at $1,308,000. Twinbeech Capital LP acquired a new position in shares of Sunnova Energy International in the fourth quarter worth about $89,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Sunnova Energy International in the fourth quarter worth about $35,000.

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.