By otakuyassine3@gmail.com 
Rhumbline Advisers trimmed its holdings in Sunnova Energy International Inc. (NYSE:NOVA – Free Report) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 176,298 shares of the company’s stock after selling 36,632 shares during the quarter. Rhumbline Advisers’ holdings in Sunnova Energy International were worth $605,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of NOVA. Kempner Capital Management Inc. acquired a new stake in shares of Sunnova Energy International in the 4th quarter valued at $51,000. PFG Investments LLC raised its holdings in Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after buying an additional 4,955 shares in the last quarter. Creative Planning bought a new position in Sunnova Energy International during the third quarter valued at about $107,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Sunnova Energy International in the fourth quarter worth about $114,000. Finally, Paloma Partners Management Co bought a new stake in shares of Sunnova Energy International during the 3rd quarter worth about $151,000.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on NOVA shares. Capital One Financial downgraded Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a report on Monday, March 3rd. Barclays downgraded shares of Sunnova Energy International from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $9.00 to $1.00 in a report on Wednesday. Morgan Stanley decreased their price target on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Roth Capital cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. downgraded Sunnova Energy International from an “overweight” rating to a “neutral” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.39.
Check Out Our Latest Research Report on NOVA
Sunnova Energy International Price Performance
Shares of Sunnova Energy International stock opened at $0.50 on Friday. The business has a 50 day moving average of $2.63 and a 200 day moving average of $5.45. Sunnova Energy International Inc. has a 52 week low of $0.47 and a 52 week high of $13.00. The company has a market cap of $62.85 million, a PE ratio of -0.15 and a beta of 2.64. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26.
Sunnova Energy International (NYSE:NOVA – Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing the consensus estimate of ($0.79) by ($2.17). The firm had revenue of $224.13 million for the quarter, compared to analysts’ expectations of $235.85 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. During the same period in the prior year, the business posted $0.37 EPS. As a group, equities research analysts forecast that Sunnova Energy International Inc. will post -2.63 earnings per share for the current year.
Sunnova Energy International Company Profile
Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.
See Also
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