Sunnova Energy International Inc. [NOVA] Is Currently 5.39 below its 200 Period Moving Avg: What Dose This Mean?

Sunnova Energy International Inc. [NYSE: NOVA] gained 5.39% or 1.96 points to close at $38.30 with a heavy trading volume of 6828023 shares. The company report on April 12, 2021 that Sunnova Launches Inaugural Environmental, Social, and Governance (ESG) Report.

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Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, announced the publication of its inaugural Environmental, Social, and Governance (ESG) Report, detailing the company’s ESG strategy and performance.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210412005044/en/.

It opened the trading session at $36.67, the shares rose to $38.54 and dropped to $36.45, the range by which the price of stock traded the whole day. The daily chart for NOVA points out that the company has recorded 29.22% gains over the past six months. However, it is still -283.77% lower than its most recent low trading price.

If we look at the average trading volume of 2.45M shares, NOVA reached to a volume of 6828023 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $58.09 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 1.80. 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 3.12, with the Price to Sales ratio for NOVA stock in the period of the last 12 months amounting to 24.52. The Price to Book ratio for the last quarter was 3.85, with the Price to Cash per share for the same quarter was set at 2.04.

Trading performance analysis for NOVA stock

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 8.01. With this latest performance, NOVA shares gained by 3.54% in over the last four-week period, additionally plugging by 29.22% over the last 6 months – not to mention a rise of 260.64% 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 51.15, with the RSI for the last a single of trading hit 55.34, and the three-weeks RSI is set at 49.32 for Sunnova Energy International Inc. [NOVA]. The present Moving Average for the last 50 days of trading for this stock 40.90, while it was recorded at 36.94 for the last single week of trading, and 34.26 for the last 200 days.

Sunnova Energy International Inc. [NOVA]: A deeper dive into fundamental analysis

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 1.70 and a Current Ratio set at 2.20.

Sunnova Energy International Inc. [NOVA]: An earnings per share (EPS) analysis

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.

An analysis of insider ownership at Sunnova Energy International Inc. [NOVA]

There are presently around $3,628 million, or 91.40% 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 0.50% of the total institutional ownership; BLACKROCK INC., holding 9,581,200 shares of the stock with an approximate value of $366.96 million in NOVA stocks shares; and VANGUARD GROUP INC, currently with $178.1 million in NOVA stock with ownership of nearly 82.144% of the company’s market capitalization.

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Positions in Sunnova Energy International Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 146 institutional holders increased their position in Sunnova Energy International Inc. [NYSE:NOVA] by around 30,178,767 shares. Additionally, 60 investors decreased positions by around 21,426,289 shares, while 13 investors held positions by with 43,110,874 shares. The mentioned changes placed institutional holdings at 94,715,930 shares, according to the latest SEC report filing. NOVA stock had 74 new institutional investments in for a total of 9,579,939 shares, while 14 institutional investors sold positions of 808,326 shares during the same period.

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