At the time of writing, Sunnova Energy International Inc [NOVA] stock is trading at $3.32, up 2.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOVA shares have gain 5.73% over the last week, with a monthly amount drifted -11.94%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Sunnova Energy International Inc [NYSE: NOVA] stock has seen the most recent analyst activity on January 10, 2025, when Susquehanna downgraded its rating to a Neutral but kept the price target unchanged to $4.50 for it. Previously, TD Cowen started tracking the stock with Hold rating on December 19, 2024, and set its price target to $5. On December 09, 2024, downgrade downgraded it’s rating to Sector Perform. Exane BNP Paribas downgraded its rating to a Underperform but stick to its price target of $3.50 on November 08, 2024. Guggenheim downgraded its rating to a Neutral. Jefferies started tracking with a Buy rating for this stock on October 10, 2024, and assigned it a price target of $15. In a note dated May 21, 2024, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $9 to $4.50.
For the past year, the stock price of Sunnova Energy International Inc fluctuated between $2.64 and $13.00. Currently, Wall Street analysts expect the stock to reach $10.29 within the next 12 months. Sunnova Energy International Inc [NYSE: NOVA] shares were valued at $3.32 at the most recent close of the market. An investor can expect a potential return of 209.94% based on the average NOVA price forecast.
Analyzing the NOVA fundamentals
According to Sunnova Energy International Inc [NYSE:NOVA], the company’s sales were 809.98M for trailing twelve months, which represents an 18.60% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -0.88%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.25 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.63.
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 3.15 points at the first support level, and at 2.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.43, and for the 2nd resistance point, it is at 3.54.
Ratios To Look Out For
It is important to note that Sunnova Energy International Inc [NYSE:NOVA] has a current ratio of 0.86. On the other hand, the Quick Ratio is 0.73, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 0.23.
Transactions by insiders
Recent insider trading involved ROBERTSON CORBIN J III, Director, that happened on Nov 19 ’24 when 35000.0 shares were purchased. Director, Mohamed Akbar completed a deal on Nov 19 ’24 to buy 50000.0 shares. Meanwhile, EVP, Chief Financial Officer Williams Eric Michael bought 13800.0 shares on Nov 18 ’24.
