The price of Sunnova Energy International Inc (NYSE:NOVA) shares last traded on Wall Street fell -5.75% to $3.44.
NOVA stock price is now -51.29% away from the 50-day moving average and -48.68% away from the 200-day moving average. The market capitalization of the company currently stands at $429.84M.
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With the price target maintained at $3.50, Exane BNP Paribas recently Downgraded its rating from Neutral to Underperform for Sunnova Energy International Inc (NYSE: NOVA)., while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Mohamed Akbar, Director bought 54,717 shares of the company’s stock on Nov 15 ’24. The stock was bought for $207,739 at an average price of $3.80. Upon completion of the transaction, the Director now directly owns 302,654 shares in the company, valued at $1.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Director Mohamed Akbar bought 50,000 shares of the business’s stock. A total of $181,990 was incurred on buying the stock at an average price of $3.64. This leaves the insider owning 352,654 shares of the company worth $1.21 million. A total of 12.88% of the company’s stock is owned by insiders.
During the past 12 months, Sunnova Energy International Inc has had a low of $2.99 and a high of $16.35. As of last week, the company has a debt-to-equity ratio of 4.64, a current ratio of 0.86, and a quick ratio of 0.73. The fifty day moving average price for NOVA is $7.2052 and a two-hundred day moving average price translates $6.73 for the stock.
The latest earnings results from Sunnova Energy International Inc (NYSE: NOVA) was released for 2024-09-30. The net profit margin was -51.02% and return on equity was -24.77% for NOVA. The company reported revenue of $235.29 million for the quarter, compared to $198.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.6 percent.
