Sunnova Energy International Inc. (NASDAQ:NOVA) has been given an average recommendation of “Buy” by the eight ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.29.

Several brokerages have commented on NOVA. Zacks Investment Research downgraded Sunnova Energy International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. KeyCorp boosted their target price on shares of Sunnova Energy International from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Bank of America initiated coverage on shares of Sunnova Energy International in a report on Monday, August 19th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Sunnova Energy International in a report on Monday, August 19th. They issued an “overweight” rating and a $18.00 price target for the company. Finally, Roth Capital assumed coverage on Sunnova Energy International in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective on the stock.

In related news, Director Anne S. Andrew purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $9.91 per share, for a total transaction of $148,650.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $148,650. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in Sunnova Energy International during the third quarter valued at about $110,000. California State Teachers Retirement System bought a new position in Sunnova Energy International in the third quarter worth about $225,000. State of Tennessee Treasury Department purchased a new stake in shares of Sunnova Energy International during the third quarter valued at about $301,000. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Sunnova Energy International during the third quarter valued at about $391,000. Finally, Millennium Management LLC purchased a new stake in shares of Sunnova Energy International during the third quarter valued at about $488,000.

Shares of NOVA traded down $0.18 during midday trading on Thursday, hitting $9.84. The stock had a trading volume of 304 shares, compared to its average volume of 294,543. Sunnova Energy International has a 1 year low of $8.01 and a 1 year high of $12.28. The company’s 50 day moving average is $10.46.

Sunnova Energy International (NASDAQ:NOVA) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.04). The company had revenue of $36.62 million for the quarter, compared to the consensus estimate of $37.81 million.

About Sunnova Energy International

Sunnova Energy International Inc focuses on operating as a holding company for Sunnova Energy Corporation that provides residential solar and energy storage services in the United States, Puerto Rico, and the Northern Mariana Islands. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization, and diagnostics.

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Analyst Recommendations for Sunnova Energy International (NASDAQ:NOVA)

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