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Sunnova Energy International Inc. (NYSE:NOVA) At $25.40: What To Do?

In last trading session, Sunnova Energy International Inc. (NYSE:NOVA) saw 3.04 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $25.40 trading at -$1.09 or -4.11% at ring of the bell on the day assigns it a market valuation of $2.95B. That closing price of NOVA’s stock is at a discount of -82.68% from its 52-week high price of $46.40 and is indicating a premium of 50.91% from its 52-week low price of $12.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.59 million shares which gives us an average trading volume of 3.25 million if we extend that period to 3-months.

Sunnova Energy International Inc. (NYSE:NOVA) trade information

Upright in the red during last session for losing -4.11%, in the last five days NOVA remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $25.40 price level, adding 9.51% to its value on the day. Sunnova Energy International Inc.’s shares saw a change of -9.03% in year-to-date performance and have moved -8.24% in past 5-day. Sunnova Energy International Inc. (NYSE:NOVA) showed a performance of 2.92% in past 30-days. Number of shares sold short was 17.76 million shares which calculate 6.35 days to cover the short interests.

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Sunnova Energy International Inc. (NOVA) estimates and forecasts

Statistics highlight that Sunnova Energy International Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -0.63% of value to its shares in past 6 months, showing an annual growth rate of -1.60% while that of industry is 15.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 28.00% in the current quarter and calculating -100.00% decrease in the next quarter. This year revenue growth is estimated to rise 50.60% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $102.42 million for the same. And 14 analysts are in estimates of company making revenue of $100.76 million in the next quarter that will end on Dec 2022.

In 2022, company’s earnings growth rate is likely to be around 56.60% while estimates for its earnings growth in next 5 years are of -14.00%.

NOVA Dividends

Sunnova Energy International Inc. is more likely to be releasing its next quarterly report between April 26 and May 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Sunnova Energy International Inc. (NYSE:NOVA)’s Major holders

Insiders are in possession of 6.01% of company’s total shares while institution are holding 111.04 percent of that, with stock having share float percentage of 118.13%. Investors also watch the number of corporate investors in a company very closely, which is 111.04% institutions for Sunnova Energy International Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NOVA for having 16.53 million shares of worth $381.19 million. And as of Mar 30, 2022, it was holding 14.42% of the company’s outstanding shares.

The second largest institutional holder is Bnp Paribas Asset Management Holding S.a., which was holding about 12.5 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 10.90% of outstanding shares, having a total worth of $288.3 million.

On the other hand, Invesco ETF TR II-Invesco Solar ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 2.7 million shares of worth $49.75 million or 2.35% of the total outstanding shares. The later fund manager was in possession of 2.65 million shares on Mar 30, 2022, making its stake of worth around $61.06 million in the company or a holder of 2.31% of company’s stock.

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