Sunnova Energy International Inc. (NYSE: NOVA) is -7.82% lower on its value in year-to-date trading and has touched a low of $6.12 and a high of $57.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NOVA stock was last observed hovering at around $45.98 in the last trading session, with the day’s loss setting it -4.38% off its average median price target of $56.00 for the next 12 months. It is also 36.97% off the consensus price target high of $66.00 offered by 12 analysts, but current levels are 13.33% higher than the price target low of $48.00 for the same period.
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Currently trading at $41.60, the stock is -13.88% and -11.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.35 million and changing -9.53% at the moment leaves the stock 39.27% off its SMA200. NOVA registered 132.92% gain for a year compared to 6-month gain of 78.16%. The firm has a 50-day simple moving average (SMA 50) of $48.97 and a 200-day simple moving average (SMA200) of $35.48.
The stock witnessed a -23.13% loss in the last 1 month and extending the period to 3 months gives it a 26.44%, and is -18.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.86% over the week and 8.45% over the month.
Sunnova Energy International Inc. (NOVA) has around 324 employees, a market worth around $4.16B and $156.40M in sales. Distance from 52-week low is 579.74% and -27.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.60%).
Sunnova Energy International Inc. (NOVA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Sunnova Energy International Inc. (NOVA) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 3 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Sunnova Energy International Inc. is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at -$0.31 with sales reaching $42.8M over the same period.The EPS is expected to shrink by -164.60% this year, but quarterly earnings will post 26.00% year-over-year. Quarterly sales are estimated to grow 27.30% in year-over-year returns.
Sunnova Energy International Inc. (NOVA) Top Institutional Holders
234 institutions hold shares in Sunnova Energy International Inc. (NOVA), with 6.67M shares held by insiders accounting for 7.13% while institutional investors hold 93.63% of the company’s shares. The shares outstanding are 87.77M, and float is at 75.34M with Short Float at 3.05%. Institutions hold 86.95% of the Float.
The top institutional shareholder in the company is ECP ControlCo, LLC with over 24.91 million shares valued at $757.56 million. The investor’s holdings represent 26.62% of the NOVA Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 9.58 million shares valued at $432.4 million to account for 10.24% of the shares outstanding. The other top investors are Newlight Partners LP which holds 7.54 million shares representing 8.05% and valued at over $229.14 million, while Clal Insurance Enterprises Holdings Ltd holds 3.78% of the shares totaling 3.53 million with a market value of $107.44 million.
Sunnova Energy International Inc. (NOVA) Insider Activity
A total of 96 insider transactions have happened at Sunnova Energy International Inc. (NOVA) in the last six months, with sales accounting for 60 and purchases happening 36 times. The most recent transaction is an insider sale by Hillstrand Kris W, the company’s See Remarks. SEC filings show that Hillstrand Kris W sold 57,980 shares of the company’s common stock on Feb 10 at a price of $54.55 per share for a total of $3.16 million. Following the sale, the insider now owns 11038.0 shares.
Sunnova Energy International Inc. disclosed in a document filed with the SEC on Feb 09 that Hillstrand Kris W sold a total of 4,883 shares of the company’s common stock. The trade occurred on Feb 09 and was made at $54.01 per share for $0.26 million. Following the transaction, the insider now directly holds 11038.0 shares of the NOVA stock.
Still, SEC filings show that on Feb 05, Hillstrand Kris W disposed off 83,437 shares at an average price of $49.00 for $4.09 million. The insider now directly holds 11,038 shares of Sunnova Energy International Inc. (NOVA).