Swedbank AB Sells 22,795 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Swedbank AB trimmed its stake in Sunnova Energy International Inc. (NYSE:NOVA) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 286,652 shares of the company’s stock after selling 22,795 shares during the period. Swedbank AB’s holdings in Sunnova Energy International were worth $2,792,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Sunnova Energy International by 56.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company’s stock valued at $78,915,000 after acquiring an additional 5,118,552 shares during the period. Vanguard Group Inc. grew its position in Sunnova Energy International by 0.8% in the first quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company’s stock valued at $64,782,000 after acquiring an additional 81,653 shares during the period. Handelsbanken Fonder AB grew its position in Sunnova Energy International by 9.1% in the third quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock valued at $71,097,000 after acquiring an additional 611,452 shares during the period. Sylebra Capital LLC bought a new stake in shares of Sunnova Energy International during the second quarter worth $30,783,000. Finally, Electron Capital Partners LLC grew its holdings in shares of Sunnova Energy International by 24.5% during the second quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company’s stock worth $16,768,000 after purchasing an additional 591,514 shares during the last quarter.

Sunnova Energy International Trading Up 1.5 %

NYSE:NOVA opened at $5.42 on Thursday. The firm has a market capitalization of $677.23 million, a price-to-earnings ratio of -1.62 and a beta of 2.26. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The business’s 50-day moving average price is $6.26 and its two-hundred day moving average price is $6.92. Sunnova Energy International Inc. has a 1-year low of $2.99 and a 1-year high of $16.35.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The business had revenue of $235.30 million for the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.53) EPS. On average, equities analysts expect that Sunnova Energy International Inc. will post -2.37 earnings per share for the current year.

Wall Street Analyst Weigh In

NOVA has been the topic of several research analyst reports. Morgan Stanley decreased their target price on Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on Sunnova Energy International in a report on Thursday, October 10th. They set a “buy” rating and a $15.00 target price on the stock. The Goldman Sachs Group increased their target price on Sunnova Energy International from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company increased their target price on Sunnova Energy International from $6.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 6th. Finally, Barclays decreased their target price on Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.73.

Insider Transactions at Sunnova Energy International

In other news, Director Akbar Mohamed acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $3.64 per share, for a total transaction of $182,000.00. Following the completion of the acquisition, the director now owns 352,654 shares in the company, valued at $1,283,660.56. This represents a 16.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Michael Williams acquired 13,800 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $3.60 per share, with a total value of $49,680.00. Following the completion of the acquisition, the chief financial officer now owns 13,800 shares of the company’s stock, valued at $49,680. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 118,517 shares of company stock valued at $439,605 over the last 90 days. 4.50% of the stock is owned by company insiders.

Sunnova Energy International Profile

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.