Sunnova Energy International Inc. [NYSE: NOVA] closed the trading session at $43.67 on 03/02/21. The day’s price range saw the stock hit a low of $43.5014, while the highest price level was $48.36. The company report on February 25, 2021 that Sunnova Reports Fourth Quarter and Full Year 2020 Results.
2020 and Recent Highlights.
Added approximately 29,000 customers in 2020, bringing total customer count to 107,500 as of December 31, 2020;.
The stocks have a year to date performance of -3.24 percent and weekly performance of 2.46 percent. The stock has been moved at 77.95 percent over the last six months. The stock has performed -0.41 percent around the most recent 30 days and changed -2.96 percent over the most recent 3-months.
If compared to the average trading volume of 2.17M shares, NOVA reached to a volume of 1880017 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Sunnova Energy International Inc. [NOVA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOVA shares is $56.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOVA stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Sunnova Energy International Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 26, 2021. The new note on the price target was released on December 17, 2020, representing the official price target for Sunnova Energy International Inc. stock. Previously, the target price had yet another raise to $40, while Credit Suisse analysts kept a Neutral rating on NOVA stock.
The Average True Range (ATR) for Sunnova Energy International Inc. is set at 4.43, with the Price to Sales ratio for NOVA stock in the period of the last 12 months amounting to 27.59. The Price to Book ratio for the last quarter was 5.31, with the Price to Cash per share for the same quarter was set at 0.86.
NOVA stock trade performance evaluation
Sunnova Energy International Inc. [NOVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.46. With this latest performance, NOVA shares dropped by -0.41% in over the last four-week period, additionally plugging by 77.95% over the last 6 months – not to mention a rise of 115.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOVA stock in for the last two-week period is set at 45.18, with the RSI for the last a single of trading hit 43.81, and the three-weeks RSI is set at 46.87 for Sunnova Energy International Inc. [NOVA]. The present Moving Average for the last 50 days of trading for this stock 47.39, while it was recorded at 44.87 for the last single week of trading, and 30.95 for the last 200 days.
Sunnova Energy International Inc. [NOVA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sunnova Energy International Inc. [NOVA] shares currently have an operating margin of -22.25 and a Gross Margin at +53.34. Sunnova Energy International Inc.’s Net Margin is presently recorded at -156.87.
Return on Total Capital for NOVA is now -1.28, given the latest momentum, and Return on Invested Capital for the company is -10.32. Return on Equity for this stock declined to -31.58, with Return on Assets sitting at -8.31. When it comes to the capital structure of this company, Sunnova Energy International Inc. [NOVA] has a Total Debt to Total Equity ratio set at 215.03. Additionally, NOVA Total Debt to Total Capital is recorded at 68.26, with Total Debt to Total Assets ending up at 57.04. Long-Term Debt to Equity for the company is recorded at 203.25, with the Long-Term Debt to Total Capital now at 64.52.
Reflecting on the efficiency of the workforce at the company, Sunnova Energy International Inc. [NOVA] managed to generate an average of -$640,315 per employee. Receivables Turnover for the company is 3.49 with a Total Asset Turnover recorded at a value of 0.05.Sunnova Energy International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Sunnova Energy International Inc. [NOVA] stock
With the latest financial reports released by the company, Sunnova Energy International Inc. posted -0.85/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -286.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOVA.
Sunnova Energy International Inc. [NOVA]: Insider Ownership positions
There are presently around $4,136 million, or 93.40% of NOVA stock, in the hands of institutional investors. The top three institutional holders of NOVA stocks are: ECP CONTROLCO, LLC with ownership of 16,911,664, which is approximately -32.113% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 9,581,200 shares of the stock with an approximate value of $418.41 million in NOVA stocks shares; and VANGUARD GROUP INC, currently with $203.07 million in NOVA stock with ownership of nearly 82.144% of the company’s market capitalization.
Positions in Sunnova Energy International Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 144 institutional holders increased their position in Sunnova Energy International Inc. [NYSE:NOVA] by around 30,177,456 shares. Additionally, 61 investors decreased positions by around 21,423,464 shares, while 13 investors held positions by with 43,113,849 shares. The mentioned changes placed institutional holdings at 94,714,769 shares, according to the latest SEC report filing. NOVA stock had 72 new institutional investments in for a total of 9,582,278 shares, while 15 institutional investors sold positions of 805,251 shares during the same period.