During the recent session, Sunnova Energy International Inc (NYSE:NOVA)’s traded shares were 2.13 million, with the beta value of the company hitting 3.09. At the last check today, the stock’s price was $0.18, reflecting an intraday loss of -5.40% or -$0.01. The company’s market capitalization is $21.90M, and the average intraday trading volume over the past 10 days was 9.97 million shares, and the average trade volume was 19.71 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 3.24. 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 -5.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.40% in intraday trading to $0.18, hitting a weekly high. The stock’s 5-day price performance is -37.22%, and it has moved by -52.65% in 30 days. Based on these gigs, the overall price performance for the year is -95.48%. The short interest in Sunnova Energy International Inc (NYSE:NOVA) is 30.52 million shares and it means that shorts have 0.83 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 97.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $10 respectively. As a result, NOVA is trading at a discount of -5455.56% off the target high and -455.56% off the low.
Sunnova Energy International Inc (NOVA) estimates and forecasts
In the rating firms’ projections, revenue will increase 19.62% 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 206.21M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 257.51M 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 28.16% and then jump by 17.26% 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 -2.60% in 2025, the next five years will return 5.58% 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 108.25%, with the float percentage being 111.16%. BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. is the largest shareholder of the company, while 289.0 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 VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 3.45 shares. This amounts to just over 2.76 percent of the company’s overall shares, with a $0.63 million market value. The same data shows that the other fund manager holds slightly less at 3.25, or about 2.60% of the stock, which is worth about $0.59 million.
