During the last session, Sunnova Energy International Inc (NYSE:NOVA)’s traded shares were 19.67 million, with the beta value of the company hitting 2.19. At the end of the trading day, the stock’s price was $4.23, reflecting an intraday gain of 22.97% or $0.79. The 52-week high for the NOVA share is $16.35, that puts it down -286.52 from that peak though still a striking 29.31% gain since the share price plummeted to a 52-week low of $2.99. The company’s market capitalization is $528.55M, and the average intraday trading volume over the past 10 days was 19.56 million shares, and the average trade volume was 8.21 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 1.87. 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 -0.66.
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Sunnova Energy International Inc (NYSE:NOVA) trade information
Sunnova Energy International Inc (NOVA) registered a 22.97% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 22.97% in intraday trading to $4.23, hitting a weekly high. The stock’s 5-day price performance is 24.05%, and it has moved by -18.81% in 30 days. Based on these gigs, the overall price performance for the year is -61.55%. The short interest in Sunnova Energy International Inc (NYSE:NOVA) is 31.84 million shares and it means that shorts have 4.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 61.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $56 respectively. As a result, NOVA is trading at a discount of -1223.88% off the target high and 5.44% 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 down -2.98% during the last six months, with a year-to-date growth rate more than the industry average at -11.17% against -20.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -279.24% this quarter and then drop -377.17% in the quarter after that. In the rating firms’ projections, revenue will increase 18.10% 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 236.63M as predicted by 19 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 231.09M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 194.18M and 160.9M respectively. In this case, analysts expect current quarter sales to grow by 21.86% and then jump by 43.62% 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 27.59% 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 December. 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 2.41% of total outstanding shares while institutional holders control 111.77%, with the float percentage being 114.53%. BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. is the largest shareholder of the company, while 336.0 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.
