Sunnova Energy International Inc [NYSE: NOVA] stock went on a downward path that fall over -3.23% on Monday, amounting to a one-week price decrease of less than -22.54%.
Over the last 12 months, NOVA stock dropped by -74.32%. The one-year Sunnova Energy International Inc stock forecast points to a potential upside of 63.66. The average equity rating for NOVA stock is currently 2.17, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $412.35 million, with 124.92 million shares outstanding and 108.65 million shares in the current float. Compared to the average trading volume of 10.88M shares, NOVA stock reached a trading volume of 9072244 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $9.08 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 2.17. 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.
Susquehanna have made an estimate for Sunnova Energy International Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, TD Cowen raised their target price to Hold. The new note on the price target was released on December 19, 2024, representing the official price target for Sunnova Energy International Inc stock.
The Average True Range (ATR) for Sunnova Energy International Inc is set at 0.45, with the Price to Sales ratio for NOVA stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 1.75.
NOVA Stock Performance Analysis:
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 -22.54. With this latest performance, NOVA shares dropped by -23.08% in over the last four-week period, additionally sinking by -57.03% over the last 6 months – not to mention a drop of -74.32% 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 38.30, with the RSI for the last a single of trading hit 35.18, and the three-weeks RSI is set at 39.70 for Sunnova Energy International Inc [NOVA]. The present Moving Average for the last 50 days of trading for this stock 4.29, while it was recorded at 3.92 for the last single week of trading, and 6.13 for the last 200 days.
Insight into Sunnova Energy International Inc Fundamentals:
Sunnova Energy International Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 0.86.
Sunnova Energy International Inc [NOVA] Institutonal Ownership Details
There are presently around $113.28%, or 116.16%% of NOVA stock, in the hands of institutional investors. The top three institutional holders of NOVA stocks are: BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. with ownership of 14.14 million shares, which is approximately 11.5078%. BLACKROCK INC., holding 13.24 million shares of the stock with an approximate value of $$73.9 million in NOVA stocks shares; and BLACKROCK INC., currently with $$60.14 million in NOVA stock with ownership which is approximately 8.7707%.
