Do Sunnova Energy International Inc (NYSE: NOVA) Fit In A Value Investing Philosophy?

Currently, there are 114.94M common shares owned by the public and among those 106.17M shares have been available to trade.

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.

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However, the script later moved the day high at 11.29, up 4.60%. The company’s stock has a 5-day price change of -11.96% and 13.46% over the past three months. NOVA shares are trading -31.48% year to date (YTD), with the 12-month market performance down to -45.17% 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 5.93 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 -21.88%, -13.40%, and -27.17% respectively.

Institutional ownership of Sunnova Energy International Inc (NYSE: NOVA) shares accounts for 107.35% of the company’s 114.94M shares outstanding.

It has a market capitalization of $1.28B and a beta (3y monthly) value of 2.22. 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 9.35% over the week and 6.75% over the month.

Analysts forecast that Sunnova Energy International Inc (NOVA) will achieve an EPS of -$0.13 for the current quarter, -$0.52 for the next quarter and -$1.65 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.78 while analysts give the company a high EPS estimate of $1.43. Comparatively, EPS for the current quarter was -$0.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -49.11%, and 15.94% 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. Piper Sandler stated their Overweight rating for the stock in a research note on December 19, 2023, with the firm’s price target at $13-$26.

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