Stick With Sunnova Energy International Inc (NOVA). The Bull Are Alive And Well

Currently, there are 122.47M common shares owned by the public and among those 108.54M shares have been available to trade.

The company’s stock has a 5-day price change of 2.49% and -24.44% over the past three months. NOVA shares are trading -64.92% year to date (YTD), with the 12-month market performance down to -42.53% 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 6.13 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 -16.63%, -40.73%, and -25.49% respectively.

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Institutional ownership of Sunnova Energy International Inc (NYSE: NOVA) shares accounts for 104.44% of the company’s 122.47M shares outstanding.

It has a market capitalization of $668.00M and a beta (3y monthly) value of 2.23. 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 7.35% over the week and 8.04% over the month.

Analysts forecast that Sunnova Energy International Inc (NOVA) will achieve an EPS of -0.55 for the current quarter, -0.63 for the next quarter and -2.6 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -1.09 while analysts give the company a high EPS estimate of -1.09. Comparatively, EPS for the current quarter was -0.53 a year ago. Earnings per share for the fiscal year are expected to increase by 30.59%, and -13.43% 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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