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Compugen Ltd. (CGEN) Vs. Sunnova Energy International Inc. (NOVA): Those Ticking Clocks

Compugen Ltd. (NASDAQ: CGEN) shares are 226.34% up in the year-to-date (YTD) period and have moved 4.63% or $0.86 higher in the latest trading session. However, stock’s trailing 12-month performance remains nearly +246.09% lower. Comparatively, the stock is -2.22% down YTD and 47.35% over the trailing 3-month period. If we look at the shorter duration, its week performance is 9.21% and 31.24% over the month.

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Analyst Recommendations

On May 13, 2020, Stifel recommended the CGEN stock is a Buy, while earlier, JMP Securities had Resumed the stock as a Mkt Outperform on May 26, 2020. 7 analysts offering the recommendations for the stock have a consensus rating of 1.50 to suggest that the CGEN stock is a “Strong Buy. 0 of the 7 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 7 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $19.45 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $19.75. The forecasts give the Compugen Ltd. stock a price target range of $28.00 on the higher side while at least one analyst think the stock could plunge to a low of $18.00. The two limits represent an upside potential of 30.54% or -8.06%.

Earnings Forecast

Analysts estimate the earnings to increase 20.00% in the current quarter to -$0.09, up from the -$0.1 reported in the same quarter a year ago. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between -$0.14 and -$0.09. Wall Street estimates earnings per share to be at an average of -$0.46 for the next year.

Sunnova Energy International Inc. (NYSE:NOVA), on the other hand, is trading around $25.04 with a market cap of $2.17B and analyst research firms have a positive stance on its shares. Analysts predict that the stock will reach $29.61 and spell out a more modest performance – a 15.43% return. Some analysts are even forecasting -$1.15 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Sunnova Energy International Inc. (NOVA) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

NOVA’s operating margin was negative on the trailing 12 months basis, remaining steady at -24.20%, while the operating expenses over the recent quarter were at $31.93 million. This represented a 25.37% of the company’s total revenues which amounted $42.79 million. With this in place, we can see that the company’s diluted EPS declined -$0.30 on the year-over-year period, shrinking to -$7.32 as given in the last earnings report.

In terms of the balance sheet & cash flow as of (Sep 2020), the total assets figure advanced to $2.87 billion from $2.68 billion over the previous quarter. The cash flow from operating activities totaled -$82.93 million, significantly lower than the -$55.69 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$357.26 million.

Insider activity

Insiders have transacted a total of 46 times at Sunnova Energy International Inc. over the last 6 months, with insider purchases undertaken 28 times and accounting for 560,340 shares. Insider sales totaled 10,056,633 shares over the same period, with these deals completed in 18 transactions. Looking at these numbers, we realize that net purchases over that period are 10.0 shares. Insiders now hold a total of 6.99M shares after the latest sales, with -68.50% net shares purchased.

Major holders

Insiders own 0.30% of the company shares, while shares held by institutions stand at 90.80% with a share float percentage of 42.70M. Investors are also buoyed by the number of investors in a company, with Sunnova Energy International Inc. having a total of 107 institutions that hold shares in the company. The top two institutional holders are ECP ControlCo, LLC with over 36.88 million shares worth more than $629.48 million. As of Jun 29, 2020, ECP ControlCo, LLC held 43.37% of shares outstanding.

The other major institutional holder is Newlight Partners LP, with the investment firm holding over 9.64 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $164.47 million and represent 11.33% of shares outstanding.

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