Sunnova Energy International Inc. (NASDAQ:NOVA) Receives Average Recommendation of “Buy” from Analysts

Shares of Sunnova Energy International Inc. (NASDAQ:NOVA) have been assigned an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.25.

NOVA has been the subject of several research analyst reports. Zacks Investment Research cut Sunnova Energy International from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. LADENBURG THALM/SH SH initiated coverage on Sunnova Energy International in a research report on Monday, January 6th. They issued a “buy” rating and a $15.00 price objective for the company.

Shares of NASDAQ NOVA traded up $0.21 during mid-day trading on Tuesday, hitting $16.21. 291,639 shares of the company were exchanged, compared to its average volume of 403,429. The stock has a 50 day simple moving average of $12.73 and a 200-day simple moving average of $11.09. Sunnova Energy International has a 1-year low of $8.01 and a 1-year high of $16.97.

Large investors have recently added to or reduced their stakes in the business. State Street Corp purchased a new position in Sunnova Energy International in the third quarter worth $1,524,000. Millennium Management LLC purchased a new position in Sunnova Energy International in the third quarter worth $488,000. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in Sunnova Energy International in the third quarter worth $6,289,000. California State Teachers Retirement System purchased a new position in Sunnova Energy International in the third quarter worth $225,000. Finally, Rhumbline Advisers purchased a new position in Sunnova Energy International in the third quarter worth $110,000.

About Sunnova Energy International

Sunnova Energy International Inc focuses on operating as a holding company for Sunnova Energy Corporation that provides residential solar and energy storage services in the United States, Puerto Rico, and the Northern Mariana Islands. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization, and diagnostics.

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Analyst Recommendations for Sunnova Energy International (NASDAQ:NOVA)

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