Sunnova Energy International Inc. (NYSE:NOVA) Shares Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 3,168.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,127 shares of the company’s stock after purchasing an additional 556,563 shares during the period. Westwood Holdings Group Inc.’s holdings in Sunnova Energy International were worth $3,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Sunnova Energy International during the first quarter worth about $25,000. Manchester Capital Management LLC increased its position in Sunnova Energy International by 2,959.7% during the fourth quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock worth $29,000 after purchasing an additional 1,835 shares during the last quarter. Caxton Associates LP acquired a new stake in Sunnova Energy International during the first quarter worth about $62,000. First Trust Direct Indexing L.P. acquired a new stake in Sunnova Energy International during the first quarter worth about $66,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Sunnova Energy International by 129.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company’s stock worth $72,000 after purchasing an additional 6,661 shares during the last quarter.

Sunnova Energy International Stock Down 3.7 %

Shares of NYSE:NOVA traded down $0.31 during trading on Friday, hitting $7.99. 9,154,063 shares of the company were exchanged, compared to its average volume of 8,315,148. The stock has a market capitalization of $990.62 million, a P/E ratio of -2.37 and a beta of 2.19. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.74 and a quick ratio of 0.74. Sunnova Energy International Inc. has a 12-month low of $3.37 and a 12-month high of $17.69. The firm’s 50 day moving average price is $6.13 and its 200-day moving average price is $6.43.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.27. The business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $220.38 million. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 9.28%. The company’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.74) EPS. On average, research analysts predict that Sunnova Energy International Inc. will post -1.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler cut shares of Sunnova Energy International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $9.00 to $4.50 in a research report on Tuesday, May 21st. KeyCorp cut shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 23rd. Evercore ISI dropped their price target on shares of Sunnova Energy International from $26.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. B. Riley dropped their price target on shares of Sunnova Energy International from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, BMO Capital Markets dropped their price objective on shares of Sunnova Energy International from $10.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Transactions at Sunnova Energy International

In related news, insider William J. Berger 48,413 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

About Sunnova Energy International

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.