Sunnova Energy International Inc (NYSE: NOVA) is -77.77% lower on its value in year-to-date trading and has touched a low of $2.99 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 $3.49 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $3.39, the stock is -33.66% and -56.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.51 million and changing -2.87% at the moment leaves the stock -50.63% off its SMA200. NOVA registered -60.85% loss for a year compared to 6-month gain of -36.40%. The firm has a 50-day simple moving average (SMA 50) of $7.9138 and a 200-day simple moving average (SMA200) of $6.9037.
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The stock witnessed a -46.45% loss in the last 1 month and extending the period to 3 months gives it a -56.26%, and is -51.98% 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 25.53% over the week and 13.59% over the month.
Sunnova Energy International Inc (NOVA) has around 2047 employees, a market worth around $423.58M and $809.98M in sales. Profit margin for the company is -51.02%. Distance from 52-week low is 13.38% and -79.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.26%).
The EPS is expected to grow by 29.79% this year.
Sunnova Energy International Inc (NOVA) Top Institutional Holders
323.0 institutions hold shares in Sunnova Energy International Inc (NOVA), with institutional investors hold 112.53% of the company’s shares. The shares outstanding are 122.47M, and float is at 108.62M with Short Float at 29.32%. Institutions hold 109.90% 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).
