The stock of Sunnova Energy International Inc (NYSE:NOVA) last traded at $6.93, down -4.81% from the previous session.
NOVA stock price is now 9.57% away from the 50-day moving average and -12.83% away from the 200-day moving average. The market capitalization of the company currently stands at $865.28M.
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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, Berger William J, Officer bought 48,413 shares of the company’s stock on Jul 30 ’24. The stock was bought for $340,641 at an average price of $7.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 30 ’24, Berger William J sold 48,413 shares of the business’s stock. A total of $341,157 was realized by selling the stock at an average price of $7.05. This leaves the insider owning 486,045 shares of the company worth $3.37 million. A total of 18.18% 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 $16.78. As of last week, the company has a debt-to-equity ratio of 4.59, a current ratio of 0.97, and a quick ratio of 0.85. The fifty day moving average price for NOVA is $6.373 and a two-hundred day moving average price translates $7.94145 for the stock.
The latest earnings results from Sunnova Energy International Inc (NYSE: NOVA) was released for 2024-06-30. The net profit margin was -45.76% and return on equity was -22.59% for NOVA. The company reported revenue of $219.6 million for the quarter, compared to $166.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.99 percent.
