During the last session, Sunnova Energy International Inc. (NYSE:NOVA)’s traded shares were 1.95 million. At the end of the trading day, the stock’s price was $30.17, reflecting an intraday loss of -1.47% or -$0.45. The 52-week high for the NOVA share is $57.70, that puts it down -91.25 from that peak though still a striking 54.09% gain since the share price plummeted to a 52-week low of $13.85. The company’s market capitalization is $3.30B, and the average intraday trading volume over the past 10 days was 1.54 million shares, and the average trade volume was 2.45 million shares over the past three months.
Sunnova Energy International Inc. (NOVA) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.80. NOVA has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.16.
Sunnova Energy International Inc. (NYSE:NOVA) trade information
Sunnova Energy International Inc. (NOVA) registered a -1.47% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.47% in intraday trading to $30.17 this Wednesday, 06/09/21, hitting a weekly high. The stock’s 5-day price performance is 6.72%, and it has moved by 8.96% in 30 days. Based on these gigs, the overall price performance for the year is 84.19%. The short interest in Sunnova Energy International Inc. (NYSE:NOVA) is 4.9 million shares and it means that shorts have 2.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $53.31, which implies an increase of 43.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $46.00 and $65.00 respectively. As a result, NOVA is trading at a discount of -115.45% off the target high and -52.47% off the low.
Sunnova Energy International Inc. (NOVA) estimates and forecasts
Statistics show that Sunnova Energy International Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Sunnova Energy International Inc. (NOVA) shares have gone down -22.08% during the last six months, with a year-to-date growth rate more than the industry average at 60.98% against 12.90. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 48.40% this quarter and then jump 84.90% in the quarter after that. In the rating firms’ projections, revenue will increase 41.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $57.26 million as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $65.1 million by the end of Sep 2021.
While earnings are projected to return 30.70% in 2021.
Sunnova Energy International Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sunnova Energy International Inc. (NYSE:NOVA)’s Major holders
Sunnova Energy International Inc. insiders own 5.41% of total outstanding shares while institutional holders control 97.00%, with the float percentage being 102.54%. ECP ControlCo, LLC is the largest shareholder of the company, while 343 institutions own stock in it. As of Mar 30, 2021, the company held over 16.91 million shares (or 15.10% of all shares), a total value of $690.33 million in shares.
The next largest institutional holding, with 12.67 million shares, is of Blackrock Inc.’s that is approximately 11.32% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $517.33 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sunnova Energy International Inc. (NOVA) shares are iShares Global Clean Energy ETF and Invesco ETF TR II-Invesco Solar ETF. Data provided on Mar 30, 2021 indicates that iShares Global Clean Energy ETF owns about 3.27 million shares. This amounts to just over 2.92 percent of the company’s overall shares, with a $133.68 million market value. The same data shows that the other fund manager holds slightly less at 2.25 million, or about 2.01% of the stock, which is worth about $79.36 million.