In yesterday’s Wall Street session, Sunnova Energy International Inc (NYSE:NOVA) shares traded at $6.94, down -1.00% from the previous session.
NOVA stock price is now -27.09% away from the 50-day moving average and -10.76% away from the 200-day moving average. The market capitalization of the company currently stands at $866.53M.
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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, insider sold 77,000 shares of the company’s stock on Aug 23 ’24. The stock was sold for $871,039 at an average price of $11.31. Upon completion of the transaction, the insider now directly owns 409,045 shares in the company, valued at $2.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’24, Officer Berger William J bought 77,000 shares of the business’s stock. A total of $870,227 was incurred on buying the stock at an average price of $11.30. A total of 17.96% 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 $16.35. 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 $9.5182 and a two-hundred day moving average price translates $7.77635 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.
