In last trading session, Sunnova Energy International Inc (NYSE:NOVA) saw 9.14 million shares changing hands with its beta currently measuring 2.21. Company’s recent per share price level of $5.41 trading at $0.07 or 1.31% at ring of the bell on the day assigns it a market valuation of $684.85M. That closing price of NOVA’s stock is at a discount of -202.22% from its 52-week high price of $16.35 and is indicating a premium of 44.73% from its 52-week low price of $2.99. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.36 million shares which gives us an average trading volume of 8.93 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 1.87. 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 -0.66 in the current quarter.
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Sunnova Energy International Inc (NYSE:NOVA) trade information
Upright in the green during last session for gaining 1.31%, in the last five days NOVA remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $5.41 price level, adding 7.84% to its value on the day. Sunnova Energy International Inc’s shares saw a change of -64.52% in year-to-date performance and have moved 27.90% in past 5-day. Sunnova Energy International Inc (NYSE:NOVA) showed a performance of 3.44% in past 30-days. Number of shares sold short was 32.91 million shares which calculate 2.47 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a rise of 50.82% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 56. It follows that stock’s current price would jump 26.06% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.06% 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 added 6.50% of value to its shares in past 6 months, showing an annual growth rate of -15.05% while that of industry is -20.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 17.96% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 236.81M for the same. And 14 analysts are in estimates of company making revenue of 229.18M in the next quarter. Company posted 194.18M and 160.9M of sales in current and next quarters respectively a year earlier.
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 28.90% while estimates for its earnings growth in next 5 years are of -14.00%.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
Insiders are in possession of 2.57% of company’s total shares while institution are holding 111.99 percent of that, with stock having share float percentage of 114.95%. Investors also watch the number of corporate investors in a company very closely, which is 111.99% institutions for Sunnova Energy International Inc that are currently holding shares of the company. BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. is the top institutional holder at NOVA for having 14.14 million shares of worth $78.92 million. And as of 2024-06-30, it was holding 11.5078 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 13.24 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.7769 of outstanding shares, having a total worth of $73.9 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.44 shares of worth $18.61 million or 2.75% of the total outstanding shares. The later fund manager was in possession of 2.92 shares on Aug 31, 2024 , making its stake of worth around $15.77 million in the company or a holder of 2.33% of company’s stock.
