Sunnova Energy International (NYSE:NOVA) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Sunnova Energy International (NYSE:NOVA) posted its quarterly earnings data on Wednesday. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.27, Briefing.com reports. Sunnova Energy International had a negative return on equity of 12.10% and a negative net margin of 56.52%. The business had revenue of $219.60 million for the quarter, compared to the consensus estimate of $220.38 million. During the same quarter in the prior year, the business earned ($0.74) earnings per share. Sunnova Energy International’s revenue for the quarter was up 32.0% on a year-over-year basis.

Sunnova Energy International Trading Up 16.8 %

NYSE NOVA traded up $1.19 during trading on Thursday, hitting $8.26. 23,211,573 shares of the company’s stock traded hands, compared to its average volume of 8,497,944. The stock has a fifty day moving average of $5.97 and a two-hundred day moving average of $6.47. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.74 and a quick ratio of 0.74. Sunnova Energy International has a 12-month low of $3.37 and a 12-month high of $17.69. The firm has a market cap of $1.02 billion, a P/E ratio of -2.38 and a beta of 2.19.

Insider Buying and Selling at Sunnova Energy International

In other news, insider William J. Berger 48,413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NOVA shares. BMO Capital Markets dropped their price objective on Sunnova Energy International from $10.00 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Susquehanna boosted their target price on shares of Sunnova Energy International from $10.00 to $12.00 and gave the company a “positive” rating in a report on Monday, July 15th. Evercore ISI lowered their target price on shares of Sunnova Energy International from $26.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Mizuho lowered their target price on shares of Sunnova Energy International from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, KeyCorp cut shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sunnova Energy International presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

About Sunnova Energy International

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.