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A Look At Sunnova Energy International Inc. (NYSE: NOVA): How Much Is It Worth And How Should It Be Assessed?

Sunnova Energy International Inc. (NYSE:NOVA)’s traded shares stood at 6.13 million during the last session, with the company’s beta value hitting 2.12. At the close of trading, the stock’s price was $15.23, to imply a decrease of -5.70% or -$0.92 in intraday trading. The NOVA share’s 52-week high remains $31.47, putting it -106.63% down since that peak but still an impressive 18.12% since price per share fell to its 52-week low of $12.47. The company has a valuation of $1.87B, with an average of 4.24 million shares in intraday trading volume over the past 10 days and average of 3.29 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Sunnova Energy International Inc. (NOVA), translating to a mean rating of 1.90. Of 25 analyst(s) looking at the stock, 0 analyst(s) give NOVA a Sell rating. 2 of those analysts rate the stock as Overweight while 3 advise Hold as 20 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.37.

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

After registering a -5.70% downside in the last session, Sunnova Energy International Inc. (NOVA) has traded red over the past five days. The stock hit a weekly high of 18.76 this Wednesday, 03/15/23, dropping -5.70% in its intraday price action. The 5-day price performance for the stock is -16.23%, and -13.42% over 30 days. With these gigs, the year-to-date price performance is -15.44%. Short interest in Sunnova Energy International Inc. (NYSE:NOVA) saw shorts transact 24.35 million shares and set a 7.13 days time to cover.

Analysts on Wall Street suggest a consensus price target of $35.61, implying an increase of 57.23% to the stock’s current value. The extremes give us $23.00 and $60.00 for target low and target high price respectively. As such, NOVA has been trading -293.96% off suggested target high and -51.02% from its likely low.

Sunnova Energy International Inc. (NOVA) estimates and forecasts

Looking at statistics comparing Sunnova Energy International Inc. share performance against respective industry, we note that the company has outperformed competitors. Sunnova Energy International Inc. (NOVA) shares are -45.24% down over the last 6 months, with its year-to-date growth rate higher than industry average at 46.71% against 18.90%. Revenue is forecast to shrink -184.60% this quarter before falling -13.30% for the next one. The rating firms project that company’s revenue will grow 109.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 19 analysts is $140.91 million. Meanwhile, for the quarter ending Mar 2023, a total of 15 analyst(s) estimate revenue growth to $141.07 million.Earnings reports from the last fiscal year show that sales brought in $65.02 million and $65.72 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 116.70% before jumping 114.60% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.20% for the past 5-year period. While 2023 is set for a -13.40% return in earnings, projections for the next 5 years are at -14.00% annually.

NOVA Dividends

Sunnova Energy International Inc. has its next earnings report out between April 25 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Sunnova Energy International Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

Sunnova Energy International Inc. insiders hold 2.31% of total outstanding shares, with institutional holders owning 128.90% of the shares at 131.94% float percentage. In total, 128.90% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 15.9 million shares (or 13.83% of shares), all amounting to roughly $350.99 million.

The next major institution holding the largest number of shares is Bnp Paribas Asset Management Holding S.a. with 10.15 million shares, or about 8.83% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $224.08 million.

We also have Invesco ETF TR II-Invesco Solar ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Sunnova Energy International Inc. (NOVA) shares. Going by data provided on Dec 30, 2022, Invesco ETF TR II-Invesco Solar ETF holds roughly 3.27 million shares. This is just over 2.84% of the total shares, with a market valuation of $58.87 million. Data from the same date shows that the other fund manager holds a little less at 2.94 million, or 2.56% of the shares, all valued at about 64.98 million.

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