20,000 Shares in Sunnova Energy International Inc. (NYSE:NOVA) Acquired by Jade Capital Advisors LLC

Jade Capital Advisors LLC purchased a new stake in Sunnova Energy International Inc. (NYSE:NOVA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the company’s stock, valued at approximately $195,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new position in shares of Sunnova Energy International during the 2nd quarter worth $56,000. Caxton Associates LP purchased a new stake in shares of Sunnova Energy International in the 1st quarter valued at approximately $62,000. First Trust Direct Indexing L.P. acquired a new position in shares of Sunnova Energy International in the 1st quarter worth approximately $66,000. Presidio Capital Management LLC purchased a new position in shares of Sunnova Energy International during the 2nd quarter worth approximately $67,000. Finally, nVerses Capital LLC increased its holdings in Sunnova Energy International by 237.8% in the 2nd quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock valued at $70,000 after purchasing an additional 8,800 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets raised their price target on Sunnova Energy International from $9.00 to $10.00 and gave the stock a “market perform” rating in a research report on Monday, October 14th. Guggenheim lifted their target price on Sunnova Energy International from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of Sunnova Energy International from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Jefferies Financial Group assumed coverage on shares of Sunnova Energy International in a report on Thursday, October 10th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Truist Financial increased their price objective on Sunnova Energy International from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.22.

Sunnova Energy International Stock Performance

Shares of NOVA stock opened at $5.23 on Tuesday. Sunnova Energy International Inc. has a 1 year low of $3.37 and a 1 year high of $16.35. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $647.81 million, a price-to-earnings ratio of -1.55 and a beta of 2.21. The stock’s 50-day moving average is $9.38 and its two-hundred day moving average is $6.85.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.27. The business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $220.38 million. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The company’s revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.74) earnings per share. Analysts predict that Sunnova Energy International Inc. will post -1.86 earnings per share for the current year.

Insider Buying and Selling

In related news, insider William J. Berger sold 77,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $11.31, for a total value of $870,870.00. Following the transaction, the insider now owns 409,045 shares in the company, valued at $4,626,298.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.50% of the stock is owned by company insiders.

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.