Now Is A Suitable Moment For A Long-Term Purchase Of Sunnova Energy International Inc (NYSE: NOVA)

Currently, there are 122.47M common shares owned by the public and among those 102.43M shares have been available to trade.

The company’s stock has a 5-day price change of -9.70% and -15.49% over the past three months. NOVA shares are trading -58.49% year to date (YTD), with the 12-month market performance down to -38.66% lower. It has a 12-month low price of $3.37 and touched a high of $16.35 over the same period. NOVA has an average intraday trading volume of 6.20 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 -30.19%, -32.91%, and -16.67% respectively.

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Institutional ownership of Sunnova Energy International Inc (NYSE: NOVA) shares accounts for 104.73% of the company’s 122.47M shares outstanding.

It has a market capitalization of $790.36M and a beta (3y monthly) value of 2.22. The earnings-per-share (ttm) stands at -$2.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.12% over the week and 8.00% over the month.

Earnings per share for the fiscal year are expected to increase by 31.17%, and -11.72% over the next financial year. EPS should grow at an annualized rate of -14.00% over the next five years, compared to -17.44% over the past 5-year period.

Looking at the support for the NOVA, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on October 10, 2024, with the firm’s price target at $15. Piper Sandler coverage for the Sunnova Energy International Inc (NOVA) stock in a research note released on May 21, 2024 offered a Neutral rating with a price target of $4.50. KeyBanc Capital Markets was of a view on April 23, 2024 that the stock is Sector Weight, while Wells Fargo gave the stock Equal Weight rating on April 19, 2024, issuing a price target of $11- $6. Janney on their part issued Buy rating on March 22, 2024.

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