Sunnova Energy International Inc (NYSE:NOVA) Up 35.76% Over The Past 30 Days: Any Troubles Ahead?

In recent trading session, Sunnova Energy International Inc (NYSE:NOVA) saw 1.55 million shares changing hands at last check today with its beta currently measuring 2.13. Company’s recent per share price level of $8.01 trading at $0.47 or 6.23% at last check today assigns it a market valuation of $993.08M. That most recent trading price of NOVA’s stock is at a discount of -160.3% from its 52-week high price of $20.85 and is indicating a premium of 57.93% from its 52-week low price of $3.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.95 million shares which gives us an average trading volume of 7.51 million if we extend that period to 3-months.

For Sunnova Energy International Inc (NOVA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.78. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.62 in the current quarter.

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Sunnova Energy International Inc (NYSE:NOVA) trade information

Upright in the green today for gaining 6.23%, in the last five days NOVA remained trading in the green while hitting it’s week-highest on Thursday, 07/25/24 when the stock touched $8.01 price level, adding 1.11% to its value on the day. Sunnova Energy International Inc’s shares saw a change of -47.48% in year-to-date performance and have moved 8.54% in past 5-day. Sunnova Energy International Inc (NYSE:NOVA) showed a performance of 35.76% in past 30-days. Number of shares sold short was 36.98 million shares which calculate 5.22 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 18.5 to the stock, which implies a rise of 56.7% to its recent value today. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 65. It follows that stock’s current price would jump 50.06% in reaching the projected high whereas dropping to the targeted low would mean a gain of 50.06% for stock’s current value.

Sunnova Energy International Inc (NOVA) estimates and forecasts

Statistics highlight that Sunnova Energy International Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -24.08% of value to its shares in past 6 months, showing an annual growth rate of 8.25% while that of industry is -5.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 21.50% from the last financial year’s standing.

21 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 217.49M for the same. And 21 analysts are in estimates of company making revenue of 247.5M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -17.44% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 31.21% 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 2024-Jul-31 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 2.36% of company’s total shares while institution are holding 123.77 percent of that, with stock having share float percentage of 126.77%. Investors also watch the number of corporate investors in a company very closely, which is 123.77% institutions for Sunnova Energy International Inc that are currently holding shares of the company. SHAOLIN CAPITAL MANAGEMENT LLC is the top institutional holder at NOVA for having 40.43 million shares of worth $247.81 million. And as of 2024-03-31, it was holding 33.0223 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 14.21 million shares on 2024-03-31. The number of shares represents firm’s hold over 11.6063 of outstanding shares, having a total worth of $87.1 million.