On Jan. 06, Santo Salvo John T divested U.S. $8,842,213 in shares of Sunnova Energy International Inc.. The sold 176,689 shares at a price per share of $50.04. The transaction decreased this specific insider’s holdings to 10,087 shares worth around $0.53 million at present.
CapitalOne launched its Sunnova Energy International Inc. [NOVA] rating to the equivalent of an Overweight, in a research note dated December 17, 2020. Some new analysts also started their coverage, with CapitalOne’s analysts assigning the shares to “an Overweight” rating in a research note to investors issued in mid December. Meanwhile, Credit Suisse had lowered its rating on NOVA to “Neutral” from the earlier “an Outperform”, in a research note produced for clients December 02, 2020. In addition, there was a new coverage from Piper Sandler on October 07, 2020. The research firm rated NOVA “an Overweight”.
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Is Sunnova Energy International Inc. [NYSE:NOVA] a Good Buy Right Now?
It should be noted that NOVA technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Sunnova Energy International Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 2.13 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 2.06 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.97 million shares.
NOVA Price Performance
On Wall Street, Sunnova Energy International Inc. [NYSE:NOVA] finished Thursday’s session up 4.61% at $52.63. The stock went up to $57.70 at the same session while its lowest single day price was $51.89. In the last five days, it saw a rise of about 18.91%, Sunnova Energy International Inc. shares gained by almost 16.62% since the beginning of the year. However, the share price has dropped to as low as 0.84% below its one year high. On 01/07/21, the company shares recorded $57.70, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $44.16. The company’s shares have inclined by 356.46% in the past year. The 50-day SMA achieved is $38.04 while the 200-day SMA is $24.40. Volume dropped to 2.87 million from 4.26 million in the previous session.
NOVA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 50.45 level, and in case of violation of this particular level, it will cause more drop to 48.26 level. On the upper level, 59.88 is still the key resistance. The stock may increase to the subsequent resistance at 56.26. The Relative Strength Index (RSI) pinned on the 14-day chart is 72.64, implying a overbought technical stance while the MACD stands at 4.06, meaning price will increase in the next trading period. Percent R indicator moved to 28.55%, implying bullish price movement. Stochastic %K at 75.51% suggest holding the stock.
What is the short interest in Sunnova Energy International Inc.?
Short interest in the Sunnova Energy International Inc. stock has surged, increasing by 0.3 million shares to total 3.34 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.64 million, data from Yahoo Finance shows. The decrease of -8.98% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 7.25% of the overall float for the stock.
Sunnova Energy International Inc.’s Biggest Shareholders: Who Owns Sunnova Energy International Inc. [NOVA]?
Filings by Avalon Advisors LLC showed that the firm now holds a total of 3,876,340 shares or roughly 4.14% of the outstanding NOVA shares. This means their shares have reduced by -255,836 from the 3,876,340 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Clal Pension & Provident Funds Lt updated stake is worth $143,129,405. During the last quarter, Handelsbanken Fonder AB raised 319,742 of its shares in Sunnova Energy International Inc. while Sylebra Capital Ltd. bought 3,065,405 shares. The Electron Capital Partners LLC’s holdings currently number 3,032,267 shares at $159588212.21. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 3,029,987 shares, roughly $122,744,773.
NOVA Earnings Forecast For The Current Quarter
Sunnova Energy International Inc. [NOVA] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $42.82M and an earnings per share of -$0.29 for Dec 2020. Looking further ahead, the company is expected to report revenue of $45.85M at an EPS of -$0.25 for Mar 2021. The estimates represent upside of 34.70% and 68.10% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
NOVA Earnings Estimates For The Current Year
For the financial year, Sunnova Energy International Inc. [NYSE:NOVA] is expected to bring in revenue of $165.76M. The returns are nearly $34.2 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -2.04, higher than that of FY19 by $0.37. Estimates put this year’s earnings growth at 15.40%, 68.10% for the next, and at an annual 675.80% over the next 5-year period. As for sales, forecasts are for an increase of 26.00% in the current fiscal year and a further 34.70% over the following year.
What are analyst thoughts on Sunnova Energy International Inc.?
Looking forward to the Sunnova Energy International Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Sunnova Energy International Inc. stock at $50.50 within the next 12 months, which represents almost -4.22 per cent growth from its previous closing price of $52.63. The highest analysts’ target for Sunnova Energy International Inc. stock projections is $66.00 and the lowest one is $32.00. Still, 12 analysts sharing their consensus rating for NOVA stock in 2021 agree that it is a Buy.