Sunnova Energy International (NYSE:NOVA) Cut to Neutral at Roth Mkm

Roth Mkm downgraded shares of Sunnova Energy International (NYSE:NOVA) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports.

Other equities analysts have also recently issued research reports about the stock. BNP Paribas cut shares of Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price objective for the company. in a research note on Friday, November 8th. Morgan Stanley reduced their price objective 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. Wolfe Research cut shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. TD Cowen assumed coverage on shares of Sunnova Energy International in a research note on Thursday, December 19th. They issued a “hold” rating and a $5.00 price target for the company. Finally, Royal Bank of Canada lowered shares of Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunnova Energy International has an average rating of “Hold” and an average target price of $5.39.

Sunnova Energy International Price Performance

NOVA opened at $0.55 on Monday. The company has a market capitalization of $68.22 million, a price-to-earnings ratio of -0.16 and a beta of 2.64. 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 firm has a 50-day moving average price of $2.70 and a 200-day moving average price of $5.49. Sunnova Energy International has a twelve month low of $0.47 and a twelve month high of $13.00.

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

Institutional Investors Weigh In On Sunnova Energy International

Several institutional investors have recently added to or reduced their stakes in NOVA. Cibc World Markets Corp purchased a new stake in Sunnova Energy International during the 4th quarter valued at $35,000. Crux Wealth Advisors purchased a new stake in Sunnova Energy International during the 4th quarter valued at $35,000. Two Sigma Advisers LP purchased a new stake in Sunnova Energy International during the 4th quarter valued at $35,000. Integrated Wealth Concepts LLC purchased a new stake in Sunnova Energy International during the 4th quarter valued at $40,000. Finally, Teza Capital Management LLC purchased a new stake in Sunnova Energy International during the 4th quarter valued at $48,000.

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.