In the latest trading session, 3.08 million Sunnova Energy International Inc (NYSE:NOVA) shares changed hands as the company’s beta touched 2.22. With the company’s most recent per share price at $5.18 changed hands at -$0.36 or -6.41% at last look, the market valuation stands at $663.45M. NOVA’s current price is a discount, trading about -215.64% off its 52-week high of $16.35. The share price had its 52-week low at $2.99, which suggests the last value was 42.28% up since then. When we look at Sunnova Energy International Inc’s average trading volume, we note the 10-day average is 12.11 million shares, with the 3-month average coming to 9.14 million.
Analysts gave the Sunnova Energy International Inc (NOVA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.87. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended NOVA as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Sunnova Energy International Inc’s EPS for the current quarter is expected to be -0.66.
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Sunnova Energy International Inc (NYSE:NOVA) trade information
Instantly NOVA was in red as seen in intraday trades today. With action 5.82%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -66.00%, with the 5-day performance at 5.82% in the green. However, in the 30-day time frame, Sunnova Energy International Inc (NYSE:NOVA) is -14.58% down. Looking at the short shares, we see there were 32.91 million shares sold at short interest cover period of 2.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 52.91% from its recent market value. According to analyst projections, NOVA’s forecast low is 4 with 56 as the target high. To hit the forecast high, the stock’s price needs a -981.08% plunge from its current level, while the stock would need to tank 22.78% for it to hit the projected low.
Sunnova Energy International Inc (NOVA) estimates and forecasts
Data shows that the Sunnova Energy International Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -6.24% over the past 6 months, a -15.05% in annual growth rate that is considerably higher than the industry average of -20.60%. Year-over-year growth is forecast to reach 17.96% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 236.81M. 14 analysts are of the opinion that Sunnova Energy International Inc’s revenue for the current quarter will be 229.18M. The company’s revenue for the corresponding quarters a year ago was 194.18M and 160.9M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.95%. The estimates for the next quarter sales put growth at 42.43%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -17.44%. The 2024 estimates are for Sunnova Energy International Inc earnings to increase by 28.90%, but the outlook for the next 5-year period is at -14.00% per year.
NOVA Dividends
Sunnova Energy International Inc is expected to release its next quarterly earnings report in January.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.57% of Sunnova Energy International Inc shares while 111.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 114.92%. There are 111.97% institutions holding the Sunnova Energy International Inc stock share, with BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. the top institutional holder. As of 2024-06-30, the company held 11.5078% of the shares, roughly 14.14 million NOVA shares worth $78.92 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.7769% or 13.24 million shares worth $73.9 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.44 shares estimated at $17.91 million under it, the former controlled 2.75% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.33% of the shares, roughly 2.92 shares worth around $15.17 million.
