Why Sunnova Energy International Inc. (NOVA) Is in Such attractive Condition: Fell -0.08%


Sunnova Energy International Inc. (NYSE:NOVA) went down by -0.08% from its latest closing price when compared to the 1-year high value of $29.61 and move down -24.94%, while NOVA stocks collected -5.35% of loss with the last five trading sessions. Press Release reported on 08/18/20 that GAF Energy and Sunnova Launch Strategic Partnership to Expand Roof-Integrated Solar Options for Homeowners

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Sunnova Energy International Inc. (NYSE:NOVA) Worth an Investment?

Sunnova Energy International Inc. (NYSE:NOVA) 7 of the analysts out of 9 who provided ratings for Sunnova Energy International Inc. stocks as a “buy” while 2 as overweight, 0 rated it as hold and 0 as sell. The average price we get from analysts is $30.00 which is $6.3 above current price. NOVA currently has a short float of 3.79% and public float of 42.70M with average trading volume of 1.08M shares.

NOVA Market Performance

NOVA stocks went down by -5.35% for the week, with the monthly drop of -7.13% and a quarterly performance of 44.51%, while its annual performance rate touched 120.26%. The simple moving average for the period of the last 20 days is -7.08% for NOVA stocks with the simple moving average of 54.33% for the last 200 days.

Analysts’ Opinion on Sunnova Energy International Inc. (NYSE:NOVA)

Many brokerage firms have already submitted their reports for NOVA stocks, with BofA Securities repeating the rating for NOVA shares by setting it to “Buy”. The predicted price for NOVA socks in the upcoming period according to BofA Securities is $25 based on the research report published on July 22, 2020.

Credit Suisse, on the other hand, stated in their research note that they expect to see NOVA stock at the price of $21.50, previously predicting the value of $13.50. The rating they have provided for NOVA stocks is “Outperform” according to the report published on June 15, 2020.

BofA/Merrill gave “ Neutral” rating to NOVA stocks, setting the target price at $15 in the report published on May 20, 2020.

NOVA Stocks 5.54% Far from 50 Day Moving Average

After a stumble in the market that brought NOVA to its low price for the period of the last 52 weeks, Sunnova Energy International Inc. was unable to take a rebound, for now settling with -19.96% of loss for the given period.

The stock volatility was left at 6.32%, however, within the period of a single month, the volatility rate increased by 5.50%, while the shares sank at the distance of -10.73% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +22.16% upper at the present time.

In the course of the last 5 trading sessions, NOVA went down by -5.35%, which changed the moving average for the period of 200 days to the total of +123.58% of gains for the stock in comparison to the 20-day moving average settled at $25.36. In addition, Sunnova Energy International Inc. saw 112.37% in overturn over the period of a single year with a tendency to cut further gains.

NOVA Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Sunnova Energy International Inc. (NOVA), starting from ECP ControlCo, LLC, who sold 7,229,760 shares at the price of $24.13 back on Aug 18. After this action, Rushing now owns 24,911,664 shares of Sunnova Energy International Inc., valued at $174,417,960 with the latest closing price.

Newlight Partners LP, the Director of Sunnova Energy International Inc., sold 2,100,000 shares at the value of $25.25 during a trade that took place back on Aug 04, which means that Newlight Partners LP is holding 7,535,161 shares at the value of $53,025,000 based on the most recent closing price.

NOVA Stock Fundamentals

The current profitability levels are settled at -17.01 for the present operating margin and +58.43 for gross margin. The net margin for Sunnova Energy International Inc. stands at -109.73. Total capital return value is set at -1.17, while invested capital returns managed to touch -8.44. Equity return holds the value -24.00%, with -5.90% for asset returns.

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Based on Sunnova Energy International Inc. (NOVA), the company’s capital structure generated 225.07 points for debt to equity in total, while total debt to capital is set at the value of 69.24. Total debt to assets is settled at the value of 58.46 with long-term debt to equity ratio rests at -0.20 and long-term debt to capital is 209.90.

The value for Enterprise to Sales is 15.11 with debt to enterprise value settled at 0.73. The receivables turnover for Sunnova Energy International Inc. is 4.99 with the total asset turnover at the value of 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.

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