Arizona State Retirement System Buys 4,894 Shares of Sunnova Energy International Inc. (NYSE:NOVA)
Updated: 3 months, 8 days, 18 hours, 5 minutes, 52 seconds ago
Arizona State Retirement System increased its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) by 21.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,655 shares of the company's stock after buying an additional 4,894 shares during the quarter. Arizona State Retirement System's holdings in Sunnova Energy International were worth $510,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of Sunnova Energy International by 236.4% during the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company's stock worth $34,000 after buying an additional 1,045 shares during the period. FinTrust Capital Advisors LLC bought a new position in shares of Sunnova Energy International during the 2nd quarter worth approximately $38,000. US Bancorp DE lifted its position in shares of Sunnova Energy International by 168.8% during the 1st quarter. US Bancorp DE now owns 2,809 shares of the company's stock worth $65,000 after buying an additional 1,764 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Sunnova Energy International by 198.1% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,073 shares of the company's stock valued at $71,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Sunnova Energy International by 82.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 4,428 shares of the company's stock valued at $102,000 after purchasing an additional 2,000 shares in the last quarter.
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Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Susquehanna assumed coverage on Sunnova Energy International in a report on Monday, October 17th. They set a "positive" rating and a $38.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Sunnova Energy International from $54.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday. Barclays assumed coverage on Sunnova Energy International in a report on Friday, August 5th. They set an "overweight" rating and a $35.00 price target for the company. Susquehanna Bancshares assumed coverage on Sunnova Energy International in a report on Monday, October 17th. They set a "positive" rating and a $38.00 price target for the company. Finally, Guggenheim dropped their price target on Sunnova Energy International from $72.00 to $50.00 and set a "buy" rating for the company in a report on Monday, October 17th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.38.
Insider Buying and Selling
In other Sunnova Energy International news, insider
Sunnova Energy International Stock Up 2.1 %
In other Sunnova Energy International news, insider Kelsey Hultberg sold 2,000 shares of Sunnova Energy International stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the transaction, the insider now directly owns 15,493 shares in the company, valued at $433,804. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . In other Sunnova Energy International news, insider Kelsey Hultberg sold 2,000 shares of Sunnova Energy International stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the transaction, the insider now directly owns 15,493 shares in the company, valued at $433,804. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, insider William J. Berger sold 150,000 shares of Sunnova Energy International stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $30.04, for a total value of $4,506,000.00. Following the transaction, the insider now owns 301,142 shares in the company, valued at $9,046,305.68. The disclosure for this sale can be found here . Insiders sold a total of 155,326 shares of company stock valued at $4,644,446 over the last three months. Company insiders own 4.20% of the company's stock.
Shares of Sunnova Energy International stock opened at $15.76 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.45. Sunnova Energy International Inc. has a 12 month low of $12.47 and a 12 month high of $46.40. The business has a fifty day simple moving average of $23.78 and a 200 day simple moving average of $21.36. The stock has a market cap of $1.81 billion, a PE ratio of -15.76 and a beta of 2.25.
Sunnova Energy International (NYSE:NOVA – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.32) EPS for the quarter, hitting analysts' consensus estimates of ($0.32). Sunnova Energy International had a negative return on equity of 8.70% and a negative net margin of 32.41%. The business had revenue of $147.01 million during the quarter, compared to analysts' expectations of $86.90 million. During the same period in the previous year, the firm earned ($0.42) earnings per share. The firm's quarterly revenue was up 120.9% compared to the same quarter last year. Research analysts predict that Sunnova Energy International Inc. will post -1.27 EPS for the current year.
About Sunnova Energy International
Sunnova Energy International Inc provides residential energy services 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 diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 customers.
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