Are Analysts Expecting A Better 2020 For Sunnova Energy International Inc (NOVA)?

Sunnova Energy International Inc (NOVA) concluded trading on Thursday at a closing price of $9.93, with 3.7 million shares of worth about $36.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 78.60% during that period and on September 25, 2024 the price saw a loss of about -4.06%. Currently the company’s common shares owned by public are about 122.47M shares, out of which, 102.44M shares are available for trading.

Stock saw a price change of -18.27% in past 5 days and over the past one month there was a price change of -12.59%. Year-to-date (YTD), NOVA shares are showing a performance of -34.89% which decreased to -9.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.37 but also hit the highest price of $16.35 during that period. The average intraday trading volume for Sunnova Energy International Inc shares is 6.33 million. The stock is currently trading -9.93% below its 20-day simple moving average (SMA20), while that difference is up 7.17% for SMA50 and it goes to 24.60% higher than SMA200.

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Sunnova Energy International Inc (NYSE: NOVA) currently have 122.47M outstanding shares and institutions hold larger chunk of about 104.50% of that.

The stock has a current market capitalization of $1.24B and its 3Y-monthly beta is at 2.22. It has posted earnings per share of -$2.90 in the same period. It has Quick Ratio of 0.85 while making debt-to-equity ratio of 4.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOVA, volatility over the week remained 6.75% while standing at 7.33% over the month.

Stock’s fiscal year EPS is expected to rise by 32.03% while it is estimated to decrease by -10.37% in next year. EPS is likely to grow at an annualized rate of -14.00% for next 5-years, compared to annual growth of -17.44% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on May 21, 2024 offering a Neutral rating for the stock and assigned a target price range of between $9 and $4.50 to it. On April 19, 2024, Wells Fargo Downgrade their recommendations, while on March 22, 2024, Janney Upgrade their ratings for the stock with a price target of $12. Stock get an Equal-weight rating from Morgan Stanley on March 04, 2024.

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