During the recent session, Sunnova Energy International Inc (NYSE:NOVA)’s traded shares were 0.78 million, with the beta value of the company hitting 2.18. At the last check today, the stock’s price was $10.80, reflecting an intraday gain of 0.51% or $0.06. The 52-week high for the NOVA share is $16.35, that puts it down -51.39 from that peak though still a striking 68.8% gain since the share price plummeted to a 52-week low of $3.37. The company’s market capitalization is $1.35B, and the average intraday trading volume over the past 10 days was 5.27 million shares, and the average trade volume was 6.95 million shares over the past three months.
Sunnova Energy International Inc (NOVA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.81. NOVA has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.43.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Sunnova Energy International Inc (NYSE:NOVA) trade information
Sunnova Energy International Inc (NOVA) registered a 0.51% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.51% in intraday trading to $10.80, hitting a weekly high. The stock’s 5-day price performance is 9.71%, and it has moved by 52.69% in 30 days. Based on these gigs, the overall price performance for the year is -23.55%. The short interest in Sunnova Energy International Inc (NYSE:NOVA) is 35.6 million shares and it means that shorts have 4.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $18.5, which implies an increase of 41.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $65 respectively. As a result, NOVA is trading at a discount of -501.85% off the target high and 62.96% off the low.
Sunnova Energy International Inc (NOVA) estimates and forecasts
Statistics show that Sunnova Energy International Inc has outperformed its competitors in share price, compared to the industry in which it operates. Sunnova Energy International Inc (NOVA) shares have gone up 48.28% during the last six months, with a year-to-date growth rate more than the industry average at 12.62% against -12.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 18.90% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 19.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 240.89M as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to 246.38M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 203.01M and 194.18M respectively. In this case, analysts expect current quarter sales to grow by 18.70% and then jump by 26.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -17.44%. While earnings are projected to return 32.74% in 2024, the next five years will return -14.00% per annum.
NOVA Dividends
Sunnova Energy International Inc is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
Sunnova Energy International Inc insiders own 2.34% of total outstanding shares while institutional holders control 125.69%, with the float percentage being 128.70%. BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. is the largest shareholder of the company, while 325.0 institutions own stock in it. As of 2024-06-30, the company held over 14.14 million shares (or 11.5078% of all shares), a total value of $78.92 million in shares.
The next largest institutional holding, with 13.24 million shares, is of BLACKROCK INC.’s that is approximately 10.7769% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $73.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sunnova Energy International Inc (NOVA) shares are Vanguard Total Stock Market Index Fund and Invesco ETF TR II-Invesco Solar ETF . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.23 shares. This amounts to just over 2.59 percent of the company’s overall shares, with a $35.01 million market value. The same data shows that the other fund manager holds slightly less at 2.76, or about 2.21% of the stock, which is worth about $29.93 million.
