Sunnova Energy International Inc. [NOVA] stock prices are up 3.08% to $20.08 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOVA shares have gain 7.73% over the last week, with a monthly amount glided 11.49%, and seem to be holding up well over a long-time horizon.
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On 25, January 2023, Sunnova Announces Fourth Quarter and Full Year 2022 Earnings Release Date and Conference Call. In a post published today on Yahoo Finance, Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading Energy as a Service (EaaS) provider, announced today it will release its fourth quarter and full year 2022 results after the markets close on February 22, 2023, to be followed by a conference call to discuss the results at 8:00 a.m. Eastern Time on February 23, 2023.
From an analyst’s perspective:
Sunnova Energy International Inc. [NYSE: NOVA] stock has seen the most recent analyst activity on January 06, 2023, when Wells Fargo upgraded its rating to a Overweight and also revised its price target to $24 from $25. Previously, Citigroup started tracking the stock with Buy rating on December 15, 2022, and set its price target to $26. On December 01, 2022, Janney initiated with a Buy rating and assigned a price target of $33 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $36 on November 15, 2022. Wolfe Research downgraded its rating to a Peer Perform. Susquehanna started tracking with a Positive rating for this stock on October 17, 2022, and assigned it a price target of $38. In a note dated August 05, 2022, Barclays initiated an Overweight rating and iterated a target price of $35 on this stock.
The stock price of Sunnova Energy International Inc. [NOVA] has been fluctuating between $12.47 and $31.47 over the past year. Currently, Wall Street analysts expect the stock to reach $36.18 within the next 12 months. Sunnova Energy International Inc. [NYSE: NOVA] shares were valued at $20.08 at the most recent close of the market. An investor can expect a potential return of 80.18% based on the average NOVA price forecast.
Analyzing the NOVA fundamentals
The most recent quarter, Sunnova Energy International Inc. [NYSE:NOVA] reported sales of 149.36 billion, representing a surge of 116.80%. Gross Margin for this corporation currently stands at +45.53% with Operating Margin at -30.47%, Pretax Margin comes in at -60.91%, and Net Margin reading is -57.14%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.03 points at the first support level, and at 17.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.77, and for the 2nd resistance point, it is at 21.46.
Sunnova Energy International Inc. [NOVA] reported earnings per share of -$0.54 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.28/share, meaning a difference of -$0.26 and a surprise factor of -92.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were -$0.32 per share as compared to estimates of -$0.2 per share, a difference of -$0.12 representing a surprise of -60.00%.
Ratios To Look Out For
It’s worth pointing out that Sunnova Energy International Inc. [NYSE:NOVA]’s Current Ratio is 2.00. As well, the Quick Ratio is 1.55, while the Cash Ratio is 1.04. Considering the valuation of this stock, the price to sales ratio is 12.81, the price to book ratio is 2.66.
Transactions by insiders
Recent insider trading involved DuBose Arthur, that happened on Sep 28 when 327.0 shares were sold., Berger William J completed a deal on Aug 08 to sell 0.15 million shares. Meanwhile, Hultberg Kelsey sold 2000.0 shares on Aug 05.