Westwood Holdings Group Inc. Acquires Shares of 381,484 Sunnova Energy International Inc. (NYSE:NOVA)

Westwood Holdings Group Inc. acquired a new stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 381,484 shares of the company’s stock, valued at approximately $1,308,000. Westwood Holdings Group Inc. owned about 0.31% of Sunnova Energy International as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. CenterBook Partners LP acquired a new stake in shares of Sunnova Energy International during the 4th quarter valued at about $8,565,000. Invesco Ltd. grew its position in shares of Sunnova Energy International by 55.2% during the 4th quarter. Invesco Ltd. now owns 6,082,399 shares of the company’s stock valued at $20,863,000 after acquiring an additional 2,162,379 shares during the period. Capital Fund Management S.A. grew its position in shares of Sunnova Energy International by 456.4% during the 4th quarter. Capital Fund Management S.A. now owns 1,737,569 shares of the company’s stock valued at $5,960,000 after acquiring an additional 1,425,281 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Sunnova Energy International during the 4th quarter valued at about $3,879,000. Finally, Teilinger Capital Ltd. acquired a new stake in shares of Sunnova Energy International during the 4th quarter valued at about $3,588,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NOVA shares. Citigroup cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 13th. Piper Sandler dropped their target price on Sunnova Energy International from $4.50 to $1.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada dropped their target price on Sunnova Energy International from $5.00 to $0.75 and set a “sector perform” rating on the stock in a research report on Tuesday, March 4th. Barclays cut Sunnova Energy International from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $9.00 to $1.00 in a report on Wednesday, March 5th. Finally, UBS Group cut Sunnova Energy International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $5.00 to $0.65 in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.36.

Sunnova Energy International Trading Down 4.3%

Shares of Sunnova Energy International stock opened at $0.20 on Wednesday. The stock has a market cap of $25.34 million, a P/E ratio of -0.06 and a beta of 3.01. The stock’s 50 day simple moving average is $0.27 and its 200-day simple moving average is $2.19. Sunnova Energy International Inc. has a 1-year low of $0.15 and a 1-year high of $13.00. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

Sunnova Energy International (NYSE:NOVA) last issued its earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($2.17). The company had revenue of $224.13 million for the quarter, compared to analyst estimates of $235.85 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Analysts predict that Sunnova Energy International Inc. will post -2.63 EPS for the current fiscal year.

Sunnova Energy International Profile

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.