Sunnova Energy International Inc [NOVA] stock prices are up 1.94% to $5.79 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NOVA shares have gain 29.53% over the last week, with a monthly amount drifted -32.44%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 26, February 2024, Sunnova Appoints Paul Mathews as Executive Vice President, Chief Operating Officer. In a post published today on Yahoo Finance, Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), an industry-leading adaptive energy services company, announced today the appointment of Paul Mathews to Executive Vice President, Chief Operating Officer, effective immediately.
From an analyst’s perspective:
Sunnova Energy International Inc [NYSE: NOVA] stock has seen the most recent analyst activity on March 22, 2024, when Janney upgraded its rating to a Buy but kept the price target unchanged to $12 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on March 04, 2024, and dropped its price target to $14. On February 27, 2024, downgrade downgraded it’s rating to Neutral. Northland Capital downgraded its rating to a Market Perform and decreased its price target to $9 on February 23, 2024. Truist upgraded its rating to a Buy and raised its price target to $18 on January 23, 2024. Piper Sandler upgraded its rating to Overweight for this stock on December 19, 2023, and upped its price target to $26. In a note dated December 18, 2023, Goldman upgraded an Buy rating on this stock but restated the target price of $17.
The stock price of Sunnova Energy International Inc [NOVA] has been fluctuating between $3.80 and $24.56 over the past year. Currently, Wall Street analysts expect the stock to reach $36.9 within the next 12 months. Sunnova Energy International Inc [NYSE: NOVA] shares were valued at $5.79 at the most recent close of the market. An investor can expect a potential return of 537.31% based on the average NOVA price forecast.
Analyzing the NOVA fundamentals
The Sunnova Energy International Inc [NYSE:NOVA] reported sales of 720.65M for trailing twelve months, representing a drop of -0.72%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.7%, and Net Profit Margin reading is -0.62%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.31 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.92.
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 5.36 points at the first support level, and at 4.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.21, and for the 2nd resistance point, it is at 6.63.
Sunnova Energy International Inc [NOVA] reported earnings per share of -$1.53 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of $-1.35 and a surprise factor of -750.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.53 per share as compared to estimates of -$0.23 per share, a difference of $-0.3 representing a surprise of -130.40%.
Ratios To Look Out For
It’s worth pointing out that Sunnova Energy International Inc [NYSE:NOVA]’s Current Ratio is 0.85. Further, the Quick Ratio stands at 0.72, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 0.46.
Transactions by insiders
Recent insider trading involved Berger William J, See Remarks, that happened on Mar 11 ’24 when 35126.0 shares were sold. See Remarks, Grasso Michael P completed a deal on Mar 11 ’24 to sell 15262.0 shares. Meanwhile, See Remarks LANE ROBERT LAWRENCE sold 10862.0 shares on Mar 11 ’24.
