BNP Paribas Asset Management UK L recently announced the acquisition of new stake in Sunnova Energy International Inc (NYSE:NOVA). The institutional investor has increased its shareholding in the Technology company by 33.31% to 15.87 million shares with purchase of 3.97 million shares. This fresh investment now brings its stake to 12.96% valued currently at $184.1 million. In addition, Pictet Asset Management SA raised its holdings by 10.32 million to 10.32 million shares. And The Vanguard Group, Inc. has lifted its position by 3.92% or 0.38 million shares – to 10.04 million shares.
Currently, there are 114.94M common shares owned by the public and among those 106.17M shares have been available to trade.
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Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 394,700 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 152,908 shares.
The top 3 mutual fund holders in Sunnova Energy International Inc are BNP Paribas Funds – Energy Transi, Handelsbanken Hallbar Energi, and BlackRock Global Funds SICAV – Su. BNP Paribas Funds – Energy Transi owns 12.11 million shares of the company’s stock, all valued at over $140.48 million. The company sold -2.37 million shares recently to bring their total holdings to about 9.89% of the shares outstanding. BlackRock Global Funds SICAV – Su sold -0.85 million shares to bring its total holdings to over 3.3 million shares at a value of $38.33 million. BlackRock Global Funds SICAV – Su now owns shares totaling to 2.70% of the shares outstanding.
However, the script later moved the day high at 14.30, down -4.84%. The company’s stock has a 5-day price change of 22.51% and 12.85% over the past three months. NOVA shares are trading -26.87% year to date (YTD), with the 12-month market performance down to -41.93% lower. It has a 12-month low price of $7.61 and touched a high of $24.56 over the same period. NOVA has an average intraday trading volume of 6.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.59%, 27.50%, and -9.48% respectively.
Institutional ownership of Sunnova Energy International Inc (NYSE: NOVA) shares accounts for 110.94% of the company’s 114.94M shares outstanding. Mutual fund holders own 50.34%, while other institutional holders and individual stakeholders account for 63.60% and 30.43% respectively.
It has a market capitalization of $1.61B and a beta (3y monthly) value of 2.20. The earnings-per-share (ttm) stands at -$2.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.22% over the week and 9.26% over the month.
Earnings per share for the fiscal year are expected to decrease by -46.08%, and 15.08% over the next financial year. EPS should shrink at an annualized rate of -14.00% over the next five years, compared to 0.00% over the past 5-year period.
Looking at the support for the NOVA, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on Dec-19-23, with the firm’s price target at $17.
