Sunnova Energy International (NOVA) to Release Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect Sunnova Energy International to post earnings of ($0.86) per share and revenue of $205.06 million for the quarter.

Sunnova Energy International (NYSE:NOVA) last posted its earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). The business had revenue of $224.13 million for 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 last year, the company posted $0.37 EPS. On average, analysts expect Sunnova Energy International to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Trading Down 1.8 %

Shares of NOVA opened at $0.22 on Wednesday. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. Sunnova Energy International has a 12 month low of $0.15 and a 12 month high of $13.00. The stock has a market cap of $28.03 million, a PE ratio of -0.07 and a beta of 2.89. The stock’s 50-day moving average is $0.51 and its two-hundred day moving average is $2.75.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets cut their price objective on Sunnova Energy International from $4.00 to $0.85 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. Roth Capital cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Jefferies Financial Group lowered shares of Sunnova Energy International from a “buy” rating to a “hold” rating and lowered their target price for the company from $9.00 to $2.00 in a research note on Friday, February 7th. Roth Mkm downgraded shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, Mizuho downgraded shares of Sunnova Energy International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $11.00 to $1.00 in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.93.

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.