In the latest trading session, 0.89 million Sunnova Energy International Inc. (NYSE:NOVA) shares changed hands as the company’s beta touched 2.08. With the company’s most recent per share price at $11.72 changed hands at -$0.1 or -0.85% at last look, the market valuation stands at $1.51B. NOVA’s current price is a discount, trading about -139.51% off its 52-week high of $28.07. The share price had its 52-week low at $11.77, which suggests the last value was -0.43% down since then. When we look at Sunnova Energy International Inc.’s average trading volume, we note the 10-day average is 3.83 million shares, with the 3-month average coming to 4.12 million.

Analysts gave the Sunnova Energy International Inc. (NOVA) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 26 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 5 recommended NOVA as a Hold, 18 felt it is a Buy and 0 rated the stock as Underweight. Sunnova Energy International Inc.’s EPS for the current quarter is expected to be -$0.15.

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

Instantly NOVA was in red as seen in intraday trades today. With action -14.76%, the performance over the past five days has been red. The drop to weekly highs of 13.84 on Monday, 09/18/23 subtracted -0.85% to the stock’s daily price. The company’s shares are showing year-to-date downside of -34.93%, with the 5-day performance at -14.76% in the red. However, in the 30-day time frame, Sunnova Energy International Inc. (NYSE:NOVA) is -12.21% down. Looking at the short shares, we see there were 31.06 million shares sold at short interest cover period of 7.1 days.

The consensus price target for the stock as assigned by Wall Street analysts is $30.29, meaning bulls need an upside of 61.31% from its recent market value. According to analyst projections, NOVA’s forecast low is $17.00 with $58.00 as the target high. To hit the forecast high, the stock’s price needs a -394.88% plunge from its current level, while the stock would need to soar -45.05% for it to hit the projected low.

Sunnova Energy International Inc. (NOVA) estimates and forecasts

Data shows that the Sunnova Energy International Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.64% over the past 6 months, a -5.99% in annual growth rate that is considerably lower than the industry average of 35.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Sunnova Energy International Inc. will rise 72.20%, while the growth in revenue is estimated to hit 77.80% for the next quarter. Year-over-year growth is forecast to reach 44.20% up from the last financial year.

Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of $210.98 million. 20 analysts are of the opinion that Sunnova Energy International Inc.’s revenue for the quarter ending Dec 2023 will be $241.37 million. The company’s revenue for the corresponding quarters a year ago was $131.32 million and $195.59 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 60.70%. The estimates for the next quarter sales put growth at 23.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.20%. The 2023 estimates are for Sunnova Energy International Inc. earnings to decrease by -13.40%, but the outlook for the next 5-year period is at -14.00% per year.

NOVA Dividends

Sunnova Energy International Inc. is expected to release its next quarterly earnings report between October 24 and October 30.

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

If we look at who the major shareholders are, we find that insiders hold 2.18% of Sunnova Energy International Inc. shares while 127.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 130.84%. There are 127.98% institutions holding the Sunnova Energy International Inc. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 14.79% of the shares, roughly 17.21 million NOVA shares worth $315.19 million.

BNP Paribas Asset Management Holding S.A. holds the second largest percentage of outstanding shares, with 10.23% or 11.9 million shares worth $217.97 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Invesco ETF TR II-Invesco Solar ETF. With 3.07 million shares estimated at $56.3 million under it, the former controlled 2.64% of total outstanding shares. On the other hand, Invesco ETF TR II-Invesco Solar ETF held about 2.34% of the shares, roughly 2.72 million shares worth around $37.83 million.