Deutsche Bank Aktiengesellschaft Cuts Sunnova Energy International (NYSE:NOVA) Price Target to $6.25

Sunnova Energy International (NYSE:NOVA) had its price target decreased by Deutsche Bank Aktiengesellschaft from $9.00 to $6.25 in a report published on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the stock. Piper Sandler lifted their target price on shares of Sunnova Energy International from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Wells Fargo & Company boosted their target price on shares of Sunnova Energy International from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, August 6th. Jefferies Financial Group began coverage on Sunnova Energy International in a report on Thursday, October 10th. They issued a “buy” rating and a $15.00 price target for the company. Barclays decreased their price objective on Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their target price on Sunnova Energy International from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.61.

Sunnova Energy International Stock Performance

Sunnova Energy International stock traded down $0.34 during trading on Friday, hitting $5.73. The stock had a trading volume of 8,258,589 shares, compared to its average volume of 7,759,456. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 3.11. The stock’s 50 day moving average is $8.69 and its two-hundred day moving average is $6.86. Sunnova Energy International has a 1 year low of $3.37 and a 1 year high of $16.35. The stock has a market cap of $715.45 million, a price-to-earnings ratio of -1.71 and a beta of 2.21.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.45). Sunnova Energy International had a negative return on equity of 11.46% and a negative net margin of 51.02%. The firm had revenue of $235.30 million for the quarter, compared to the consensus estimate of $238.23 million. During the same quarter in the previous year, the company posted ($0.53) EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. As a group, analysts predict that Sunnova Energy International will post -1.99 EPS for the current year.

Insider Activity at Sunnova Energy International

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $11.31, for a total value of $870,870.00. Following the completion of the sale, the insider now owns 409,045 shares of the company’s stock, valued at $4,626,298.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunnova Energy International

Several institutional investors and hedge funds have recently made changes to their positions in NOVA. Sylebra Capital LLC purchased a new position in shares of Sunnova Energy International in the second quarter worth about $30,783,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Sunnova Energy International by 56.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company’s stock worth $78,915,000 after purchasing an additional 5,118,552 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Sunnova Energy International by 9.1% in the third quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock worth $71,097,000 after buying an additional 611,452 shares during the period. Electron Capital Partners LLC boosted its position in Sunnova Energy International by 24.5% during the 2nd quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company’s stock valued at $16,768,000 after buying an additional 591,514 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in Sunnova Energy International by 3,168.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 574,127 shares of the company’s stock worth $3,519,000 after acquiring an additional 556,563 shares during the last quarter.

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.