Sunnova Energy International Inc. (NYSE:NOVA) has a beta value of 0 and has seen 1,745,590 shares traded in the recent trading session. The company, currently valued at $3.67 Billion, closed the recent trade at $31.99 per share which meant it lost -$2.81 on the day or -8.07% during that session. The NOVA stock price is -80.37% off its 52-week high price of $57.7 and 68.9% above the 52-week low of $9.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.64 Million shares traded. The 3-month trading volume is 2.5 Million shares.
The consensus among analysts is that Sunnova Energy International Inc. (NOVA) is a Buy stock at the moment, with a recommendation rating of 1.8. None of the analysts rate the stock as a Sell, while 3 rate it as Overweight. None out of 13 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.13.
Sunnova Energy International Inc. (NYSE:NOVA) trade information
Despite being -8.07% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the NOVA stock price touched $40.40- or saw a rise of 21.47%. Year-to-date, Sunnova Energy International Inc. shares have moved -29.7%, while the 5-day performance has seen it change -21.59%. Over the past 30 days, the shares of Sunnova Energy International Inc. (NYSE:NOVA) have changed -22.74%. Short interest in the company has seen 5.74 Million shares shorted with days to cover at 2.3.
Wall Street analysts have a consensus price target for the stock at $56.46, which means that the shares’ value could jump 76.49% from the levels at last check today. The projected low price target is $50 while the price target rests at a high of $68. In that case, then, we find that the latest price level in today’s session is +112.57% off the targeted high while a plunge would see the stock lose 56.3% from the levels at last check today.
Sunnova Energy International Inc. (NOVA) estimates and forecasts
Figures show that Sunnova Energy International Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +36.15% over the past 6 months, with this year growth rate of 58.54%, compared to 20.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 58.1% and 87.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +41.2%.
Earnings growth for 2021 is a modest +30.7%.
Sunnova Energy International Inc. (NYSE:NOVA)’s Major holders
Insiders own 5.86% of the company shares, while shares held by institutions stand at 92.87% with a share float percentage of 98.65%. Investors are also buoyed by the number of investors in a company, with Sunnova Energy International Inc. having a total of 329 institutions that hold shares in the company. The top two institutional holders are ECP ControlCo, LLC with over 16.91 Million shares worth more than $763.22 Million. As of December 30, 2020, ECP ControlCo, LLC held 15.1% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 9.58 Million shares as of December 30, 2020. The firm’s total holdings are worth over $432.4 Million and represent 8.56% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Global Clean Energy ETF and Invesco ETF TR II-Invesco Solar ETF. As of March 30, 2021, the former fund manager holds about 2.92% shares in the company for having 3274214 shares of worth $133.65 Million while later fund manager owns 2.29 Million shares of worth $93.47 Million as of March 30, 2021, which makes it owner of about 2.05% of company’s outstanding stock.