Will Sunnova Energy International Inc (NOVA) benefit from Wall Street bulls Calls?

Sunnova Energy International Inc (NYSE: NOVA) is -23.41% lower on its value in year-to-date trading and has touched a low of $7.61 and a high of $24.56 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 $11.00 in the last trading session, with the day’s gains setting it 0.68%.

Currently trading at $11.68, the stock is 11.51% and -3.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.63 million and changing 6.18% at the moment leaves the stock -16.17% off its SMA200. NOVA registered -35.96% loss for a year compared to 6-month loss of -25.70%. The firm has a 50-day simple moving average (SMA 50) of $11.28 and a 200-day simple moving average (SMA200) of $79.58.

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The stock witnessed a -9.11% gain in the last 1 month and extending the period to 3 months gives it a 17.74%, and is 17.98% up 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 9.70% over the week and 9.38% over the month.

Profit margin for the company is -34.79%. Distance from 52-week low is 53.38% and -52.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.03%).

Sunnova Energy International Inc quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $224.75M over the same period.The EPS is expected to shrink by -53.49% this year, but quarterly earnings will post 34.90% year-over-year. Quarterly sales are estimated to grow 14.90% in year-over-year returns.

Sunnova Energy International Inc (NOVA) Top Institutional Holders

350 institutions hold shares in Sunnova Energy International Inc (NOVA), with institutional investors hold 132.78% of the company’s shares. The shares outstanding are 114.94M, and float is at 106.17M with Short Float at 35.13%. Institutions hold 129.98% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 17.21 million shares valued at $315.19 million. The investor’s holdings represent 14.79% of the NOVA Shares outstanding. As of Jun 29, 2023, the second largest holder is BNP Paribas Asset Management Holding S.A. with 11.9 million shares valued at $217.97 million to account for 10.23% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.89 million shares representing 8.50% and valued at over $181.11 million, while ECP ControlCo, LLC holds 5.94% of the shares totaling 6.91 million with a market value of $126.55 million.

Sunnova Energy International Inc (NOVA) Insider Activity

A total of 0 insider transactions have happened at Sunnova Energy International Inc (NOVA) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Berger William J. SEC filings show that Berger William J sold 47,150 shares of the company’s common stock on Aug 01 at a price of $17.86 per share for a total of $0.84 million. Following the sale, the insider now owns 0.37 million shares.

Sunnova Energy International Inc disclosed in a document filed with the SEC on May 19 that Mohamed Akbar (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on May 19 and was made at $14.37 per share for $0.14 million. Following the transaction, the insider now directly holds 83689.0 shares of the NOVA stock.

Still, SEC filings show that on Mar 31, Berger William J () acquired 600 shares at an average price of $15.58 for $9348.0. The insider now directly holds 293,325 shares of Sunnova Energy International Inc (NOVA).

Sunnova Energy International Inc (NOVA): Who are the competitors?

The company’s main competitors (and peers) include Sienna Resources Inc. (SIE) that is trading -50.00% down over the past 12 months. General Electric Co. (GE) that is 68.46% higher over the same period.