In the last trading session, 7.38 million Sunnova Energy International Inc (NYSE:NOVA) shares changed hands as the company’s beta touched 2.61. With the company’s per share price at $1.85 changed hands at -$0.1 or -5.13% during last session, the market valuation stood at $231.16M. NOVA’s last price was a discount, traded about -602.7% off its 52-week high of $13.00.
Analysts gave the Sunnova Energy International Inc (NOVA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.32. 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 -0.67.
Sunnova Energy International Inc (NYSE:NOVA) trade information
Instantly NOVA was in red as seen at the end of in last trading. With action -2.63%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -46.06%, with the 5-day performance at -2.63% in the red. However, in the 30-day time frame, Sunnova Energy International Inc (NYSE:NOVA) is -42.37% down.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 81.5% from its current market value. According to analyst projections, NOVA’s forecast low is 6 with 20 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 soar -224.32% for it to hit the projected low.
Sunnova Energy International Inc (NOVA) estimates and forecasts
Year-over-year growth is forecast to reach 17.83% up from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 235.69M. 15 analysts are of the opinion that Sunnova Energy International Inc’s revenue for the current quarter will be 225.22M. 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 21.37%. The estimates for the next quarter sales put growth at 39.97%.
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 2025 estimates are for Sunnova Energy International Inc earnings to increase by 34.14%, but the outlook for the next 5-year period is at 18.03% per year.
NOVA Dividends
Sunnova Energy International Inc is expected to release its next quarterly earnings report in March.
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 Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 3.44 shares estimated at $6.37 million under it, the former controlled 2.76% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.44% of the shares, roughly 3.05 shares worth around $5.65 million.
