Sunnova Energy International Inc. (NYSE:NOVA) Holdings Released by Seven Eight Capital LP

Financial Advisors


Seven-Eight Capital LP increased its stake in Sannova Energy International Inc. (NYSE: NOVA – rated) 521.0% in the fourth quarter, according to its latest filing with the Securities and Exchange Commission. The company purchased an additional 108,262 shares during the quarter, taking 129,040 shares. Seven Eight Capital LP owned 0.11% of Sunnova Energy International, valued at $2,324,000, as of the latest filing with the Securities and Exchange Commission.

Many other hedge funds and institutional investors have also changed their NOVA holdings. Ensign Peak Advisors Inc raised his stake in Sunnova Energy International by 3.4% during the first quarter. Ensign Peak Advisors Inc purchased an additional 710 shares last quarter and now owns 21,510 shares worth $496,000. Ellevest Inc. increased his stake in Sunnova Energy International by 25.1% in the fourth quarter. Ellevest Inc. purchased an additional 758 shares last quarter and now owns 3,772 shares worth $68,000. Advisor Group Holdings Inc. increased its stake in Sunnova Energy International by 23.4% in the first quarter. Advisor Group Holdings Inc. purchased an additional 907 shares last quarter and now owns 4,788 shares worth $387,000. Toroso Investments LLC increased its stake in Sunnova Energy International by 25.7% in the third quarter. Toroso Investments LLC purchased an additional 915 shares last quarter and now owns 4,470 shares of the company, valued at $99,000. Finally, Captrust Financial Advisors increased its stake in Sunnova Energy International by 236.4% in the first quarter. Captrust Financial Advisors purchased an additional 1,045 shares last quarter and now owns 1,487 shares worth $34,000.

Sannova Energy International Trading Falls 0.8%

NYSE:NOVA fell $0.15 to $18.01 during Friday’s trading hours. The company’s average trading volume was 4,086,114 shares, while 1,067,240 shares were exchanged. The stock has a market cap of $2.09 billion, a price/earnings ratio of -10.43 and a beta of 2.09. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt to equity ratio of 3.18. Sanova Energy International hit a one-year low of $12.46 and a one-year high of $31.47. The company’s 50-day simple moving average is $15.96 and its 200-day simple moving average is $18.03.

Sunnova Energy International (NYSE:NOVA – Get Rating) announced quarterly results on Wednesday, April 26. The company reported earnings per share ($0.70) for the quarter, but ($0.12) below analyst consensus expectations ($0.58). Sunnova Energy International had a return on equity of 13.47% and a negative net profit margin of 30.75%. The business generated $161.7 million in revenue for the quarter, compared with analyst expectations of $159.54 million. In the same period last year, the business posted earnings per share of $0.30. Revenue for this business increased by 146.0% year-on-year. Sell-side analysts expect Sannova Energy International’s EPS to fall to minus 1.27 this fiscal year.

Analysts set new price target

Several brokerage firms have put pressure on NOVA recently. B. Riley lowered his target price for Sunnova Energy International to $31.00 from his $32.00 in a report on Tuesday, April 25. Evercore ISI lowered its price target on Sannova Energy International from $35.00 to $31.00 in its research report on Tuesday, February 14, setting the company’s rating to “outperform.” KeyCorp lowered its price target for Sunnova Energy International from $39.00 to $34.00 in a research report on Tuesday, April 18. Guggenheim raised its price target on Sannova Energy International from $51.00 to $60.00 in its research report on Tuesday, February 28, giving the stock a Buy rating. Finally, Credit Suisse Group reiterated its “outperform” rating and announced a price target of $43.00 on Sannova Energy International shares in its research report on Monday, February 27. Three analysts gave the company a hold rating, 19 bought it, and one gave a strong buy rating. Based on MarketBeat data, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.95.

Insider activity

In other Sunnova Energy International news, insider Kelsey Hartberg sold 2,400 Sunnova Energy International shares in a deal on Wednesday, March 22nd. The stock sold at an average price of $14.03, giving him a trading value of $33,672.00. Following the closing of the transaction, the insider owns 19,974 shares of the company’s stock, valued at approximately $280,235.22. The transaction was disclosed in documents filed with the Securities and Exchange Commission, which are available on the SEC’s website. In related news, insider Kelsey Hartberg sold 2,400 shares of Sannova Energy International in a deal that took place on Wednesday, March 22nd. The shares were sold at an average price of $14.03 for a total of $33,672.00. After the sale, the insider owns 19,974 shares of the company’s stock, valued at approximately $280,235.22. The transaction was disclosed in legal filings with the Securities and Exchange Commission, which are available on the SEC’s website. Director Akbar Mohammed also purchased 10,000 shares in a transaction that took place on Friday, May 19th. The shares were bought at an average of $14.37 per share for him, giving him a total trading value of $143,700.00. Following the acquisition, the directors directly owned 83,689 shares of the company, valued at approximately $1,202,610.93. Disclosure information regarding this acquisition can be found here. Insiders have purchased a total of 11,000 shares worth $158,116 in the past three months. Insiders own 4.20% of the company’s stock.

About Sannova Energy International

(get rating)

Sunnova Energy International, Inc operates as a residential energy service provider. We offer solar energy systems, electric vehicle chargers and home solar products. The company was founded by William Jackson Berger in 2012 and is headquartered in Houston, Texas.

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