Sunnova Energy International Inc. [NYSE: NOVA] closed the trading session at $16.23 on 05/23/23. The day’s price range saw the stock hit a low of $15.66, while the highest price level was $16.95. The company report on May 3, 2023 at 5:00 PM that Sunnova and Amica Insurance Collaborate to Bring Innovative Energy Services and Insurance Products to Homeowners.
Amica Insurance and Sunnova to Offer Cross-Marketing Opportunities to Both Customer Bases Across the U.S.
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Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. Energy as a Service (EaaS) provider, announced today it is teaming up with Amica Insurance (Amica), a leader in auto, home, and life insurance, to expand the reach of Sunnova’s clean, affordable, and reliable energy services.
The stocks have a year to date performance of -9.88 percent and weekly performance of 6.29 percent. The stock has been moved at -26.83 percent over the last six months. The stock has performed -12.70 percent around the most recent 30 days and changed -3.91 percent over the most recent 3-months.
If compared to the average trading volume of 4.63M shares, NOVA reached to a volume of 5006641 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 $33.75 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.
The Average True Range (ATR) for Sunnova Energy International Inc. is set at 1.23, with the Price to Sales ratio for NOVA stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 1.70.
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 6.29. With this latest performance, NOVA shares dropped by -12.70% in over the last four-week period, additionally sinking by -26.83% over the last 6 months – not to mention a drop of -6.13% 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 51.79, with the RSI for the last a single of trading hit 53.91, and the three-weeks RSI is set at 50.76 for Sunnova Energy International Inc. [NOVA]. The present Moving Average for the last 50 days of trading for this stock 15.55, while it was recorded at 15.46 for the last single week of trading, and 19.76 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 -17.77 and a Gross Margin at +33.46. Sunnova Energy International Inc.’s Net Margin is presently recorded at -28.98.
Return on Total Capital for NOVA is now -1.62, given the latest momentum, and Return on Invested Capital for the company is -2.99. Return on Equity for this stock declined to -13.13, with Return on Assets sitting at -2.34. 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 426.46. Additionally, NOVA Total Debt to Total Capital is recorded at 81.01, with Total Debt to Total Assets ending up at 65.12. Long-Term Debt to Equity for the company is recorded at 409.36, with the Long-Term Debt to Total Capital now at 77.76.
Reflecting on the efficiency of the workforce at the company, Sunnova Energy International Inc. [NOVA] managed to generate an average of -$137,802 per employee. Receivables Turnover for the company is 2.25 with a Total Asset Turnover recorded at a value of 0.08.Sunnova Energy International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for Sunnova Energy International Inc. [NOVA] stock
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunnova Energy International Inc. go to -14.00%.