Sunnova Energy International Inc. (NYSE:NOVA) Stake Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 36.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,582 shares of the company’s stock after buying an additional 184,683 shares during the quarter. Sanctuary Advisors LLC owned 0.56% of Sunnova Energy International worth $6,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. First Trust Direct Indexing L.P. grew its stake in Sunnova Energy International by 11.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock valued at $189,000 after acquiring an additional 2,016 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Sunnova Energy International by 15.9% during the third quarter. Ballentine Partners LLC now owns 21,515 shares of the company’s stock worth $210,000 after purchasing an additional 2,956 shares during the period. International Assets Investment Management LLC grew its position in Sunnova Energy International by 37,400.0% during the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock valued at $308,000 after purchasing an additional 2,992 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Sunnova Energy International by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company’s stock valued at $315,000 after buying an additional 3,559 shares during the period. Finally, Sei Investments Co. lifted its position in Sunnova Energy International by 9.8% in the 2nd quarter. Sei Investments Co. now owns 68,846 shares of the company’s stock worth $384,000 after buying an additional 6,117 shares in the last quarter.

Sunnova Energy International Trading Down 1.7 %

Shares of Sunnova Energy International stock opened at $4.02 on Friday. Sunnova Energy International Inc. has a 1 year low of $2.99 and a 1 year high of $16.35. The company’s fifty day simple moving average is $5.05 and its 200-day simple moving average is $6.94. The company has a market cap of $502.31 million, a price-to-earnings ratio of -1.20 and a beta of 2.22. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The company had revenue of $235.30 million during the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.53) earnings per share. As a group, sell-side analysts expect that Sunnova Energy International Inc. will post -2.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NOVA. Citigroup lowered their price target on shares of Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Royal Bank of Canada downgraded Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft cut their price target on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating for the company in a research note on Friday, November 1st. BMO Capital Markets reissued a “market perform” rating and issued a $8.00 price target (down previously from $10.00) on shares of Sunnova Energy International in a research note on Friday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Sunnova Energy International presently has a consensus rating of “Hold” and an average price target of $10.73.

Insider Buying and Selling

In other Sunnova Energy International news, Director Akbar Mohamed acquired 50,000 shares of Sunnova Energy International stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $3.64 per share, with a total value of $182,000.00. Following the acquisition, the director now owns 352,654 shares of the company’s stock, valued at approximately $1,283,660.56. The trade was a 16.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric Michael Williams bought 13,800 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $3.60 per share, for a total transaction of $49,680.00. Following the purchase, the chief financial officer now owns 13,800 shares of the company’s stock, valued at $49,680. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 118,517 shares of company stock valued at $439,605 over the last three months. 4.50% of the stock is owned by corporate insiders.

About Sunnova Energy International

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.