Sunnova Energy International Inc (NYSE: NOVA) is -53.70% lower on its value in year-to-date trading and has touched a low of $3.37 and a high of $16.35 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 $6.55 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $7.06, the stock is 20.06% and -17.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.86 million and changing 7.79% at the moment leaves the stock 0.21% off its SMA200. NOVA registered -32.83% loss for a year compared to 6-month gain of 59.73%. The firm has a 50-day simple moving average (SMA 50) of $8.5956 and a 200-day simple moving average (SMA200) of $7.0623.
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The stock witnessed a 0.71% loss in the last 1 month and extending the period to 3 months gives it a -4.47%, and is 34.99% 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 15.47% over the week and 9.45% over the month.
Sunnova Energy International Inc (NOVA) has around 2047 employees, a market worth around $882.17M and $809.98M in sales. Profit margin for the company is -51.02%. Distance from 52-week low is 109.50% and -56.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.26%).
with sales reaching $238.13M over the same period.The EPS is expected to grow by 27.56% this year, but quarterly earnings will post 17.80% year-over-year. Quarterly sales are estimated to grow 22.60% in year-over-year returns.
Sunnova Energy International Inc (NOVA) Top Institutional Holders
324.0 institutions hold shares in Sunnova Energy International Inc (NOVA), with institutional investors hold 122.28% of the company’s shares. The shares outstanding are 122.47M, and float is at 108.62M with Short Float at 30.03%. Institutions hold 119.42% of the Float.
The top institutional shareholder in the company is BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. with over 14.14 million shares valued at $78.92 million. The investor’s holdings represent 11.5078% of the NOVA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.24 million shares valued at $73.9 million to account for 10.7769 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.78 million shares representing 8.7707% and valued at over $60.14 million, while ECP CONTROLCO, LLC holds 5.6241 of the shares totaling 6.91 million with a market value of $38.57 million.
Sunnova Energy International Inc (NOVA) Insider Activity
The most recent transaction is an insider sale by Berger William J. SEC filings show that Berger William J sold 77,000 shares of the company’s common stock on Aug 23 ’24 at a price of $11.31 per share for a total of $0.87 million. Following the sale, the insider now owns 0.41 million shares.
Still, SEC filings show that on Jul 30 ’24, Berger William J () disposed off 48,413 shares at an average price of $7.05 for $0.34 million. The insider now directly holds 486,045 shares of Sunnova Energy International Inc (NOVA).
