Sunnova Energy International Inc (NYSE:NOVA) shares traded -3.00% lower at $4.21 on Wall Street last session.
NOVA stock price is now -24.81% away from the 50-day moving average and -61.10% away from the 200-day moving average. The market capitalization of the company currently stands at $515.64M.
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On April 19, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $11 to quote $6, while ‘Janney’ rates the stock as ‘Buy’
In other news, Grasso Michael P, insider sold 7,409 shares of the company’s stock on Mar 25 ’24. The stock was sold for $43,639 at an average price of $5.89. Upon completion of the transaction, the insider now directly owns 67,579 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, LANE ROBERT LAWRENCE sold 6,710 shares of the business’s stock. A total of $39,522 was realized by selling the stock at an average price of $5.89. This leaves the insider owning 141,529 shares of the company worth $0.6 million. A total of 2.42% of the company’s stock is owned by insiders.
During the past 12 months, Sunnova Energy International Inc has had a low of $3.52 and a high of $24.56. As of last week, the company has a debt-to-equity ratio of 4.93, a current ratio of 0.85, and a quick ratio of 0.72.
According to the Solar Company, earnings per share came in at -0.7, missing analysts’ expectations of -0.65 by -0.05. This compares to -$0.54 EPS in the same period last year. The net profit margin was -58.00% and return on equity was -29.85% for NOVA. The company reported revenue of $194.18 million for the quarter, compared to $195.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.72 percent. For the current quarter, analysts expect NOVA to generate $194.88M in revenue.
Sunnova Energy International Inc(NOVA) 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. As of December 31, 2023, it operated a fleet of residential solar energy systems with a generation capacity of approximately 2,292 megawatts serving over 419,000 customers. The company was incorporated in 2012 and is headquartered in Houston, Texas.
