Sunnova Energy International Inc (NYSE:NOVA)’s traded shares stood at 7.19 million during the last session, with the company’s beta value hitting 2.23. At the close of trading, the stock’s price was $5.20, to imply an increase of 3.59% or $0.18 in intraday trading. The NOVA share’s 52-week high remains $16.35, putting it -214.42% down since that peak but still an impressive 35.19% since price per share fell to its 52-week low of $3.37. The company has a valuation of $649.27M, with an average of 7.54 million shares in intraday trading volume over the past 10 days and average of 6.13 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Sunnova Energy International Inc (NOVA), translating to a mean rating of 1.76. Of 15 analyst(s) looking at the stock, 0 analyst(s) give NOVA a Sell rating. 1 of those analysts rate the stock as Overweight while 5 advise Hold as 9 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 -0.48.
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Sunnova Energy International Inc (NYSE:NOVA) trade information
After registering a 3.59% upside in the last session, Sunnova Energy International Inc (NOVA) has traded red over the past five days. The 5-day price performance for the stock is -10.34%, and -47.63% over 30 days. With these gigs, the year-to-date price performance is -65.90%. Short interest in Sunnova Energy International Inc (NYSE:NOVA) saw shorts transact 37.68 million shares and set a 8.7 days time to cover.
The extremes give us $4 and $56 for target low and target high price respectively. As such, NOVA has been trading -976.92% off suggested target high and 23.08% 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 41.30% up over the last 6 months, with its year-to-date growth rate higher than industry average at 3.40% against -15.60%. Revenue is forecast to grow 9.40% this quarter before jumping 62.70% for the next one. The rating firms project that company’s revenue will grow 18.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 21 analysts is 238.8M. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 246.09M.Earnings reports from the last fiscal year show that sales brought in 203.01M and 194.18M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 17.60% before jumping 26.70% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -17.44% for the past 5-year period. While 2024 is set for a 30.59% 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 in November. 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 (NYSE:NOVA)’s Major holders
Sunnova Energy International Inc insiders hold 2.34% of total outstanding shares, with institutional holders owning 120.43% of the shares at 123.32% float percentage. In total, 120.43% institutions holds shares in the company, led by BNP PARIBAS ASSET MANAGEMENT HOLDING S.A.. As of 2024-06-30, the company held over 14.14 million shares (or 11.5078% of shares), all amounting to roughly $78.92 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 13.24 million shares, or about 10.7769% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $73.9 million.
