Sunnova Energy International (NASDAQ:NOVA) Given New $26.00 Price Target at Raymond James

Sunnova Energy International (NASDAQ:NOVA) had its target price upped by research analysts at Raymond James from $22.00 to $26.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 3.96% from the company’s current price.

Several other research analysts have also recently issued reports on NOVA. Zacks Investment Research cut Sunnova Energy International from a “buy” rating to a “hold” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on Sunnova Energy International from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Roth Capital raised their price target on Sunnova Energy International from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, July 27th. BofA Securities upgraded Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, July 22nd. Finally, Credit Suisse Group upgraded Sunnova Energy International from a “neutral” rating to an “outperform” rating and raised their price target for the company from $13.50 to $21.50 in a research report on Monday, June 15th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Sunnova Energy International presently has an average rating of “Buy” and an average price target of $21.32.

NASDAQ:NOVA traded up $0.56 during trading hours on Thursday, hitting $25.01. The company’s stock had a trading volume of 893,018 shares, compared to its average volume of 672,303. The business’s 50-day moving average is $19.41 and its two-hundred day moving average is $14.99. Sunnova Energy International has a 52-week low of $6.12 and a 52-week high of $25.67.

Sunnova Energy International (NASDAQ:NOVA) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.12). The business had revenue of $42.79 million during the quarter, compared to analysts’ expectations of $42.32 million.

In other Sunnova Energy International news, major shareholder Ecp Controlco, Llc sold 6,211,533 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $15.76, for a total value of $97,893,760.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stuart D. Allen sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $23.74, for a total value of $678,964.00. Following the completion of the sale, the insider now directly owns 54,009 shares in the company, valued at $1,282,173.66. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 8,650 shares of company stock worth $128,479 and have sold 6,314,713 shares worth $99,994,500.

A number of large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its stake in Sunnova Energy International by 143.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,715 shares of the company’s stock worth $27,000 after buying an additional 1,600 shares during the last quarter. UBS Group AG lifted its stake in shares of Sunnova Energy International by 9.8% in the 2nd quarter. UBS Group AG now owns 20,231 shares of the company’s stock valued at $346,000 after purchasing an additional 1,810 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Sunnova Energy International by 83.9% in the 1st quarter. Legal & General Group Plc now owns 4,259 shares of the company’s stock valued at $43,000 after purchasing an additional 1,943 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Sunnova Energy International by 536.8% in the 4th quarter. Citigroup Inc. now owns 2,751 shares of the company’s stock valued at $31,000 after purchasing an additional 2,319 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Sunnova Energy International by 44.5% in the 2nd quarter. SG Americas Securities LLC now owns 17,741 shares of the company’s stock valued at $303,000 after purchasing an additional 5,460 shares in the last 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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