Sunnova Energy International Inc. (NYSE: NOVA) is 13.94% higher on its value in year-to-date trading and has touched a low of $12.47 and a high of $31.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOVA stock was last observed hovering at around $19.44 in the last trading session, with the day’s gains setting it 1.08% off its average median price target of $35.50 for the next 12 months. It is also 59.76% off the consensus price target high of $51.00 offered by 24 analysts, but current levels are 14.5% higher than the price target low of $24.00 for the same period.
Currently trading at $20.52, the stock is 8.97% and -0.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.64 million and changing 5.56% at the moment leaves the stock -2.44% off its SMA200. NOVA registered -7.28% loss for a year compared to 6-month gain of 7.83%.
The stock witnessed a 5.94% loss in the last 1 month and extending the period to 3 months gives it a 32.90%, and is -3.44% 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 9.08% over the week and 7.01% over the month.
Sunnova Energy International Inc. (NOVA) has around 736 employees, a market worth around $2.31B and $427.10M in sales. Profit margin for the company is -34.40%. Distance from 52-week low is 64.55% and -34.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.50%).
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”. 24 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 2 think it is a “Overweight”. 19 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 04/26/2023.The EPS is expected to grow by 56.60% this year.
Sunnova Energy International Inc. (NOVA) Top Institutional Holders
The shares outstanding are 114.82M, and float is at 105.35M with Short Float at 22.12%.
Sunnova Energy International Inc. (NOVA) Insider Activity
A total of 23 insider transactions have happened at Sunnova Energy International Inc. (NOVA) in the last six months, with sales accounting for 13 and purchases happening 10 times. The most recent transaction is an insider sale by DuBose Arthur. SEC filings show that DuBose Arthur sold 327 shares of the company’s common stock on Sep 28 at a price of $27.34 per share for a total of $8939.0. Following the sale, the insider now owns 2146.0 shares.
Sunnova Energy International Inc. disclosed in a document filed with the SEC on Aug 08 that Berger William Jsold a total of 150,000 shares of the company’s common stock. The trade occurred on Aug 08 and was made at $30.04 per share for $4.51 million. Following the transaction, the insider now directly holds 0.3 million shares of the NOVA stock.
Still, SEC filings show that on Aug 05, Hultberg Kelsey () disposed off 2,000 shares at an average price of $28.00 for $56000.0. The insider now directly holds 15,493 shares of Sunnova Energy International Inc. (NOVA).
Sunnova Energy International Inc. (NOVA): Who are the competitors?
The company’s main competitors (and peers) include General Electric Company (GE) that is 4.05% higher over the past 12 months.