Sunnova Energy International Inc. (NASDAQ:NOVA) Receives $15.29 Consensus Price Target from Brokerages

Sunnova Energy International Inc. (NASDAQ:NOVA) has earned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.29.

A number of equities research analysts have issued reports on NOVA shares. Roth Capital started coverage on shares of Sunnova Energy International in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. Credit Suisse Group started coverage on shares of Sunnova Energy International in a report on Tuesday, August 20th. They issued an “outperform” rating and a $14.00 price target on the stock. Bank of America started coverage on shares of Sunnova Energy International in a report on Monday, August 19th. They issued a “buy” rating and a $15.00 price target on the stock. Goldman Sachs Group started coverage on shares of Sunnova Energy International in a report on Monday, August 19th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, KeyCorp raised their price target on shares of Sunnova Energy International from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 7th.

In related news, insider Robert Lawrence Lane bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was purchased at an average cost of $10.00 per share, with a total value of $100,000.00. Following the transaction, the insider now owns 15,000 shares in the company, valued at approximately $150,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael C. Morgan bought 25,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $8.53 per share, with a total value of $213,250.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 36,006 shares of company stock worth $325,322.

NOVA stock opened at $10.16 on Wednesday. Sunnova Energy International has a 52 week low of $8.01 and a 52 week high of $12.28. The firm’s fifty day simple moving average is $10.33.

Sunnova Energy International (NASDAQ:NOVA) last announced its quarterly earnings results on Monday, August 19th. The company reported ($6.09) earnings per share (EPS) for the quarter. The business had revenue of $34.61 million for the quarter.

Sunnova Energy International Company Profile

Sunnova Energy International Inc focuses on operating as a holding company for Sunnova Energy Corporation that provides residential solar and energy storage services in the United States, Puerto Rico, and the Northern Mariana Islands. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization, and diagnostics.

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Analyst Recommendations for Sunnova Energy International (NASDAQ:NOVA)

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