In last trading session, Sunnova Energy International Inc. (NYSE:NOVA) saw 1.69 million shares changing hands with its beta currently measuring 2.06. Company’s recent per share price level of $23.05 trading at $0.57 or 2.54% at ring of the bell on the day assigns it a market valuation of $2.84B. That closing price of NOVA’s stock is at a discount of -74.36% from its 52-week high price of $40.19 and is indicating a premium of 45.9% 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 3.54 million shares which gives us an average trading volume of 3.30 million if we extend that period to 3-months.
For Sunnova Energy International Inc. (NOVA), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 22 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.37 in the current quarter.
Sunnova Energy International Inc. (NYSE:NOVA) trade information
Upright in the green during last session for gaining 2.54%, in the last five days NOVA remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $23.05 price level, adding 4.55% to its value on the day. Sunnova Energy International Inc.’s shares saw a change of -17.44% in year-to-date performance and have moved -1.58% in past 5-day. Sunnova Energy International Inc. (NYSE:NOVA) showed a performance of 35.35% in past 30-days. Number of shares sold short was 25.22 million shares which calculate 8.29 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $37.20 to the stock, which implies a rise of 38.04% to its current value. Analysts have been projecting $25.00 as a low price target for the stock while placing it at a high target of $51.00. It follows that stock’s current price would drop -121.26% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.46% for stock’s current value.
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 added 22.80% of value to its shares in past 6 months, showing an annual growth rate of -24.80% while that of industry is -4.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -184.60% in the current quarter and calculating -23.30% decrease in the next quarter. This year revenue growth is estimated to rise 104.40% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $134.84 million for the same. And 14 analysts are in estimates of company making revenue of $129.7 million in the next quarter that will end on Mar 2023. Company posted $65.02 million and $65.72 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 107.40% while estimating it to be 97.30% for the next quarter.
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%.
Sunnova Energy International Inc. is more likely to be releasing its next quarterly report between February 21 and February 27 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 2.58% of company’s total shares while institution are holding 118.42 percent of that, with stock having share float percentage of 121.55%. Investors also watch the number of corporate investors in a company very closely, which is 118.42% 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 16.93 million shares of worth $311.93 million. And as of Jun 29, 2022, it was holding 14.76% of the company’s outstanding shares.
The second largest institutional holder is Bnp Paribas Asset Management Holding S.a., which was holding about 12.83 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 11.19% of outstanding shares, having a total worth of $236.45 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 Sep 29, 2022, the former fund manager was holding 2.89 million shares of worth $63.88 million or 2.52% of the total outstanding shares. The later fund manager was in possession of 2.88 million shares on Jun 29, 2022, making its stake of worth around $53.06 million in the company or a holder of 2.51% of company’s stock.