In the last trading session, 3.84 million shares of the Sunnova Energy International Inc (NYSE:NOVA) were traded, and its beta was 2.95. Most recently the company’s share price was $0.28, and it changed around $0.0 or -1.22% from the last close, which brings the market valuation of the company to $34.46M. NOVA currently trades at a discount to its 52-week high of $13.00, offering almost -4542.86% off that amount. The share price’s 52-week low was $0.25, which indicates that the current value has risen by an impressive 10.71% since then. We note from Sunnova Energy International Inc’s average daily trading volume that its 10-day average is 15.17 million shares, with the 3-month average coming to 19.73 million.
Sunnova Energy International Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.24. If we narrow it down even further, the data shows that 2 out of 21 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 17 recommended NOVA as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Sunnova Energy International Inc is expected to report earnings per share of -0.93 for the current quarter.
Sunnova Energy International Inc (NYSE:NOVA) trade information
Instantly NOVA has showed a red trend with a performance of -1.22% 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 0.3112 on recent trading dayincreased the stock’s daily price by 10.03%. The company’s shares are currently down -91.97% year-to-date, but still down -9.23% over the last five days. On the other hand, Sunnova Energy International Inc (NYSE:NOVA) is -9.08% down in the 30-day period. We can see from the shorts that 30.52 million shares have been sold at a short interest cover period of 0.83 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 96.5% from its current value. Analyst projections state that NOVA is forecast to be at a low of $1 and a high of $20.
Sunnova Energy International Inc (NOVA) estimates and forecasts
The year-over-year growth rate is expected to be 19.15%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 205.06M in revenue for the current quarter. 12 analysts expect Sunnova Energy International Inc to make 256.12M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 160.9M and 219.6M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.44%. Forecasts for the next quarter put sales growth at 16.63%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.50%. Sunnova Energy International Inc earnings are expected to increase by -2.96% in 2025, but the outlook is positive 5.58% per year for the next five years.
NOVA Dividends
Sunnova Energy International Inc’s next quarterly earnings report is expected to be released on 2025-Mar-02.
Sunnova Energy International Inc (NYSE:NOVA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.62% of Sunnova Energy International Inc shares, and 108.25% of them are in the hands of institutional investors. The stock currently has a share float of 111.17%. Sunnova Energy International Inc stock is held by 291.0 institutions, with BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. being the largest institutional investor. By 2024-06-30, it held 11.3832% of the shares, which is about 14.14 million shares worth $78.92 million.
BLACKROCK INC., with 10.6602% or 13.24 million shares worth $73.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.45 shares worth $0.95 million, making up 2.76% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 2.72 shares worth around $0.75 million, which represents about 2.18% of the total shares outstanding.
