In yesterday’s Wall Street session, Sunnova Energy International Inc (NYSE:NOVA) shares traded at $7.38, up 2.93% from the previous session.
NOVA stock price is now 37.28% away from the 50-day moving average and -9.06% away from the 200-day moving average. The market capitalization of the company currently stands at $914.97M.
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With the price target reduced from $9 to $4.50, Piper Sandler Downgraded its rating from Overweight to Neutral for Sunnova Energy International Inc (NYSE: NOVA). , while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
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 $0.5 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 $1.04 million. A total of 18.13% of the company’s stock is owned by insiders.
During the past 12 months, Sunnova Energy International Inc has had a low of $3.37 and a high of $24.10. As of last week, the company has a debt-to-equity ratio of 4.85, a current ratio of 0.74, and a quick ratio of 0.62. The fifty day moving average price for NOVA is $5.4926 and a two-hundred day moving average price translates $8.09805 for the stock.
The latest earnings results from Sunnova Energy International Inc (NYSE: NOVA) was released for 2024-03-31. The net profit margin was -56.52% and return on equity was -28.23% for NOVA. The company reported revenue of $160.9 million for the quarter, compared to $161.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.49 percent.
