In the last trading session, 6.76 million shares of the Sunnova Energy International Inc (NYSE:NOVA) were traded, and its beta was 2.22. Most recently the company’s share price was $4.29, and it changed around -$0.2 or -4.45% from the last close, which brings the market valuation of the company to $536.05M. NOVA currently trades at a discount to its 52-week high of $16.35, offering almost -281.12% off that amount. The share price’s 52-week low was $2.99, which indicates that the current value has risen by an impressive 30.3% since then. We note from Sunnova Energy International Inc’s average daily trading volume that its 10-day average is 9.05 million shares, with the 3-month average coming to 9.56 million.
Sunnova Energy International Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.96. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 7 recommended NOVA as a Hold, whereas 13 deemed it a Buy, and 1 rated it as Underweight. Sunnova Energy International Inc is expected to report earnings per share of -0.66 for the current quarter.
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Sunnova Energy International Inc (NYSE:NOVA) trade information
Instantly NOVA has showed a red trend with a performance of -4.45% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.05 on recent trading dayincreased the stock’s daily price by 15.05%. The company’s shares are currently down -71.87% year-to-date, but still down -13.68% over the last five days. On the other hand, Sunnova Energy International Inc (NYSE:NOVA) is 36.62% up in the 30-day period. We can see from the shorts that 33.99 million shares have been sold at a short interest cover period of 2.26 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 57.1% from its current value. Analyst projections state that NOVA is forecast to be at a low of $6 and a high of $20.
Sunnova Energy International Inc (NOVA) estimates and forecasts
Sunnova Energy International Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -19.36 percent over the past six months and at a -18.45% annual growth rate that is well above the industry average of -21.10%. The year-over-year growth rate is expected to be 17.96%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 236.81M in revenue for the current quarter. 14 analysts expect Sunnova Energy International Inc to make 229.19M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 194.18M and 160.9M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.95%. Forecasts for the next quarter put sales growth at 42.44%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.44%. Sunnova Energy International Inc earnings are expected to increase by 29.82% in 2024, but the outlook is negative -14.00% per year for the next five years.
NOVA Dividends
Sunnova Energy International Inc’s next quarterly earnings report is expected to be released in January.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.57% of Sunnova Energy International Inc shares, and 111.92% of them are in the hands of institutional investors. The stock currently has a share float of 114.87%. Sunnova Energy International Inc stock is held by 339.0 institutions, with BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. being the largest institutional investor. By 2024-06-30, it held 11.5078% of the shares, which is about 14.14 million shares worth $78.92 million.
BLACKROCK INC., with 10.7769% or 13.24 million shares worth $73.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
