During the last session, Sunnova Energy International Inc (NYSE:NOVA)’s traded shares were 14.11 million, with the beta value of the company hitting 2.60. At the end of the trading day, the stock’s price was $1.90, reflecting an intraday loss of -6.40% or -$0.13. The 52-week high for the NOVA share is $13.00, that puts it down -584.21 from that peak though still a striking -5.26% loss since the share price plummeted to a 52-week low of $2.00. The company’s market capitalization is $237.41M, and the average trade volume was 10.02 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 2.32. 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 -0.67.
Sunnova Energy International Inc (NYSE:NOVA) trade information
Sunnova Energy International Inc (NOVA) registered a -6.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.40% in intraday trading to $1.90, hitting a weekly high. The stock’s 5-day price performance is -22.76%, and it has moved by -42.07% in 30 days. Based on these gigs, the overall price performance for the year is -84.36%.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 81.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $20 respectively. As a result, NOVA is trading at a discount of -952.63% off the target high and -215.79% off the low.
Sunnova Energy International Inc (NOVA) estimates and forecasts
In the rating firms’ projections, revenue will increase 17.62% 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 235.84M as predicted by 20 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 225.43M 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 21.46% and then jump by 40.11% 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 34.21% in 2025, the next five years will return 17.90% per annum.
NOVA Dividends
Sunnova Energy International Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
