During the last session, Sunnova Energy International Inc (NYSE:NOVA)’s traded shares were 11.89 million, with the beta value of the company hitting 2.85. At the end of the trading day, the stock’s price was $0.34, reflecting an intraday loss of -3.83% or -$0.01. The 52-week high for the NOVA share is $13.00, that puts it down -3723.53 from that peak though still a striking 26.47% gain since the share price plummeted to a 52-week low of $0.25. The company’s market capitalization is $42.12M, and the average intraday trading volume over the past 10 days was 29.89 million shares, and the average trade volume was 18.85 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 3.21. 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 -0.93.
Sunnova Energy International Inc (NYSE:NOVA) trade information
Sunnova Energy International Inc (NOVA) registered a -3.83% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.83% in intraday trading to $0.34, hitting a weekly high. The stock’s 5-day price performance is -36.47%, and it has moved by -80.65% in 30 days. Based on these gigs, the overall price performance for the year is -93.75%. The short interest in Sunnova Energy International Inc (NYSE:NOVA) is 29.54 million shares and it means that shorts have 1.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 95.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $20 respectively. As a result, NOVA is trading at a discount of -5782.35% off the target high and -194.12% off the low.
Sunnova Energy International Inc (NOVA) estimates and forecasts
In the rating firms’ projections, revenue will increase 19.07% 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 209.45M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 257.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 160.9M and 219.6M respectively. In this case, analysts expect current quarter sales to grow by 30.17% and then jump by 17.35% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.50%. While earnings are projected to return 0.22% in 2025, the next five years will return 8.59% per annum.
NOVA Dividends
Sunnova Energy International Inc is due to release its next quarterly earnings on 2025-Mar-02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
Sunnova Energy International Inc insiders own 2.62% of total outstanding shares while institutional holders control 109.99%, with the float percentage being 112.96%. BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. is the largest shareholder of the company, while 303.0 institutions own stock in it. As of 2024-06-30, the company held over 14.14 million shares (or 11.3832% of all shares), a total value of $78.92 million in shares.
The next largest institutional holding, with 13.24 million shares, is of BLACKROCK INC.’s that is approximately 10.6602% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $73.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sunnova Energy International Inc (NOVA) shares are Invesco Exchange-Traded Fund Trust II-Invesco Solar ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Feb 28, 2025 indicates that Invesco Exchange-Traded Fund Trust II-Invesco Solar ETF owns about 4.22 shares. This amounts to just over 3.37 percent of the company’s overall shares, with a $1.42 million market value. The same data shows that the other fund manager holds slightly less at 3.45, or about 2.76% of the stock, which is worth about $1.16 million.
