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Sunnova Energy International Inc (NOVA) Stock Could Soon Reward Patient Investors

Sunnova Energy International Inc (NYSE: NOVA) is -66.75% lower on its value in year-to-date trading and has touched a low of $3.80 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 $5.67 in the last trading session, with the day’s loss setting it -0.6%.

Currently trading at $5.07, the stock is -5.96% and -37.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.59 million and changing -10.58% at the moment leaves the stock -58.66% off its SMA200. NOVA registered -64.77% loss for a year compared to 6-month loss of -51.58%. The firm has a 50-day simple moving average (SMA 50) of $11.00 and a 200-day simple moving average (SMA200) of $157.57.

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The stock witnessed a -29.97% gain in the last 1 month and extending the period to 3 months gives it a -66.75%, and is -5.94% 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 12.63% over the week and 12.03% over the month.

Sunnova Energy International Inc (NOVA) has around 2047 employees, a market worth around $620.97M and $720.65M in sales. Profit margin for the company is -58.00%. Distance from 52-week low is 33.42% and -79.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.88%).

Sunnova Energy International Inc quarterly earnings per share for the current quarter are estimated at -$0.75 with sales reaching $198.39M over the same period.The EPS is expected to grow by 27.38% this year, but quarterly earnings will post 36.50% year-over-year.

Sunnova Energy International Inc (NOVA) Top Institutional Holders

367 institutions hold shares in Sunnova Energy International Inc (NOVA), with institutional investors hold 135.56% of the company’s shares. The shares outstanding are 122.47M, and float is at 105.94M with Short Float at 34.10%. Institutions hold 132.36% 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

The most recent transaction is an insider sale by Grasso Michael P. SEC filings show that Grasso Michael P sold 7,409 shares of the company’s common stock on Mar 25 ’24 at a price of $5.89 per share for a total of $43639.0. Following the sale, the insider now owns 67579.0 shares.

Sunnova Energy International Inc disclosed in a document filed with the SEC on Mar 25 ’24 that LANE ROBERT LAWRENCEsold a total of 6,710 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $5.89 per share for $39522.0. Following the transaction, the insider now directly holds 0.14 million shares of the NOVA stock.

Still, SEC filings show that on Mar 25 ’24, Nutting Meghan () disposed off 2,917 shares at an average price of $5.80 for $16919.0. The insider now directly holds 55,851 shares of Sunnova Energy International Inc (NOVA).

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