Sunnova Energy International Inc (NYSE:NOVA) has a beta value of 2.23 and has seen 8.01 million shares traded in the last trading session. The company, currently valued at $491.26M, closed the last trade at $4.00 per share which meant it lost -$0.02 on the day or -0.50% during that session. The NOVA stock price is -308.75% off its 52-week high price of $16.35 and 25.25% above the 52-week low of $2.99. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.05 million shares traded. The 3-month trading volume is 9.75 million shares.
The consensus among analysts is that Sunnova Energy International Inc (NOVA) is Buy stock at the moment, with a recommendation rating of 1.96. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.66.
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Sunnova Energy International Inc (NYSE:NOVA) trade information
Sporting -0.50% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NOVA stock price touched $4.00 or saw a rise of 13.23%. Year-to-date, Sunnova Energy International Inc shares have moved -73.77%, while the 5-day performance has seen it change -10.91%. Over the past 30 days, the shares of Sunnova Energy International Inc (NYSE:NOVA) have changed -0.74%. Short interest in the company has seen 33.99 million shares shorted with days to cover at 2.26.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 60.0% from current levels. The projected low price target is $6.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -400.0% off the targeted high while a plunge would see the stock gain -50.0% from current levels.
Sunnova Energy International Inc (NOVA) estimates and forecasts
Figures show that Sunnova Energy International Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -20.79% over the past 6 months, with this year growth rate of -18.45%, compared to -12.70% for the industry. Revenue growth from the last financial year stood is estimated to be 17.96%.
20 analysts offering their estimates for the company have set an average revenue estimate of 236.7M for the current quarter. 14 have an estimated revenue figure of 229.19M for the next ending quarter. Year-ago sales stood 194.18M and 160.9M respectively for this quarter and the next, and analysts expect sales will grow by 21.90% for the current quarter and 17.96% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.44% over the past 5 years. Earnings growth for 2024 is a modest 29.82% while over the next 5 years, the company’s earnings are expected to decrease by -14.00%.
NOVA Dividends
Sunnova Energy International Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
Insiders own 2.57% of the company shares, while shares held by institutions stand at 111.99% with a share float percentage of 114.95%. Investors are also buoyed by the number of investors in a company, with Sunnova Energy International Inc having a total of 339.0 institutions that hold shares in the company. The top two institutional holders are BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. with over 14.14 million shares worth more than $78.92 million. As of 2024-06-30, BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. held 11.5078% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 13.24 million shares as of 2024-06-30. The firm’s total holdings are worth over $73.9 million and represent 10.7769% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.76% shares in the company for having 3.44 shares of worth $13.78 million while later fund manager owns 2.82 shares of worth $11.27 million as of Sep 30, 2024 , which makes it owner of about 2.25% of company’s outstanding stock.
