Sunnova Energy International Inc (NYSE:NOVA) has a beta value of 2.10 and has seen 10.42 million shares traded in the last trading session. The company, currently valued at $585.45M, closed the last trade at $4.78 per share which meant it lost -$0.35 on the day or -6.82% during that session. The NOVA stock price is -413.81% off its 52-week high price of $24.56 and 20.5% above the 52-week low of $3.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.58 million shares traded. The 3-month trading volume is 9.51 million shares.
Sunnova Energy International Inc (NYSE:NOVA) trade information
Sporting -6.82% in the red in last session, the stock has traded in the red over the last five days, when the NOVA stock price touched $4.78 or saw a rise of 23.76%. Year-to-date, Sunnova Energy International Inc shares have moved -68.66%, while the 5-day performance has seen it change -22.02%. Over the past 30 days, the shares of Sunnova Energy International Inc (NYSE:NOVA) have changed -24.01%. Short interest in the company has seen 36.13 million shares shorted with days to cover at 2.93.
Sunnova Energy International Inc (NOVA) estimates and forecasts
Figures show that Sunnova Energy International Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -50.31% over the past 6 months, with this year growth rate of 2.43%, compared to 3.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -7.10% and 27.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 36.30%.
22 analysts offering their estimates for the company have set an average revenue estimate of $198.39 million for the current quarter. 21 have an estimated revenue figure of $242.1 million for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.44% over the past 5 years. Earnings growth for 2024 is a modest 27.31% while over the next 5 years, the company’s earnings are expected to decrease by -14.00%.
NOVA Dividends
Sunnova Energy International Inc is expected to release its next earnings report between April 24 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
Insiders own 2.37% of the company shares, while shares held by institutions stand at 132.36% with a share float percentage of 135.56%. Investors are also buoyed by the number of investors in a company, with Sunnova Energy International Inc having a total of 367 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 17.21 million shares worth more than $315.19 million. As of Jun 29, 2023, Blackrock Inc. held 14.79% of shares outstanding.
The other major institutional holder is BNP Paribas Asset Management Holding S.A., with the holding of over 11.9 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $217.97 million and represent 10.23% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Invesco ETF TR II-Invesco Solar ETF. As of Jun 29, 2023, the former fund manager holds about 2.64% shares in the company for having 3.07 million shares of worth $56.3 million while later fund manager owns 2.72 million shares of worth $37.83 million as of Aug 30, 2023, which makes it owner of about 2.34% of company’s outstanding stock.
