Sunnova Energy International Inc. [NYSE: NOVA] slipped around -3.11 points on Tuesday, while shares priced at $31.69 at the close of the session, down -8.94%. The company report on April 29, 2021 that Sunnova Reports First Quarter 2021 Financial Results.
First Quarter 2021 and Recent Highlights.
Added approximately 8,900 customers in the first quarter, bringing total customer count to 116,400 as of March 31, 2021;.
Sunnova Energy International Inc. stock is now -29.78% down from its year-to-date (YTD) trading value. NOVA Stock saw the intraday high of $34.43 and lowest of $31.16 per share. The company’s 52-week high price is 57.70, which means current price is +2.13% above from all time high which was touched on 01/07/21.
Compared to the average trading volume of 2.46M shares, NOVA reached a trading volume of 2768081 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $56.64 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.
Evercore ISI have made an estimate for Sunnova Energy International Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 20, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $48 to $56. The new note on the price target was released on February 26, 2021, representing the official price target for Sunnova Energy International Inc. stock.
The Average True Range (ATR) for Sunnova Energy International Inc. is set at 2.91, with the Price to Sales ratio for NOVA stock in the period of the last 12 months amounting to 22.56. The Price to Book ratio for the last quarter was 3.29, with the Price to Cash per share for the same quarter was set at 1.32.
How has NOVA stock performed recently?
Sunnova Energy International Inc. [NOVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.68. With this latest performance, NOVA shares dropped by -14.03% in over the last four-week period, additionally plugging by 31.71% over the last 6 months – not to mention a rise of 171.78% 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 36.63, with the RSI for the last a single of trading hit 29.62, and the three-weeks RSI is set at 40.17 for Sunnova Energy International Inc. [NOVA]. The present Moving Average for the last 50 days of trading for this stock 38.05, while it was recorded at 35.60 for the last single week of trading, and 35.35 for the last 200 days.
Sunnova Energy International Inc. [NOVA]: Deeper insight into the 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 1.20 and a Current Ratio set at 1.70.
Earnings analysis for Sunnova Energy International Inc. [NOVA]
With the latest financial reports released by the company, Sunnova Energy International Inc. posted -0.31/share EPS, while the average EPS was predicted by analysts to be reported at -0.19/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -63.20%. 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.
Insider trade positions for Sunnova Energy International Inc. [NOVA]
There are presently around $3,333 million, or 95.70% 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 $333.43 million in NOVA stocks shares; and VANGUARD GROUP INC, currently with $161.82 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 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 30,730,738 shares. Additionally, 62 investors decreased positions by around 21,481,752 shares, while 14 investors held positions by with 43,574,255 shares. The mentioned changes placed institutional holdings at 95,786,745 shares, according to the latest SEC report filing. NOVA stock had 66 new institutional investments in for a total of 9,836,483 shares, while 16 institutional investors sold positions of 892,309 shares during the same period.