Sunnova Energy International (NASDAQ:NOVA) released its earnings results on Wednesday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.12), MarketWatch Earnings reports. The company had revenue of $42.79 million for the quarter, compared to the consensus estimate of $42.32 million.

Sunnova Energy International stock traded up $0.55 on Friday, hitting $25.00. 28,138 shares of the stock traded hands, compared to its average volume of 670,795. The business’s fifty day simple moving average is $19.25 and its 200 day simple moving average is $14.93. Sunnova Energy International has a 1 year low of $6.12 and a 1 year high of $25.55.

In other Sunnova Energy International news, major shareholder Ecp Controlco, Llc sold 6,211,533 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $15.76, for a total transaction of $97,893,760.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne S. Andrew acquired 3,650 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $13.69 per share, with a total value of $49,968.50. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,650 shares of company stock valued at $128,479 and have sold 6,286,113 shares valued at $99,315,536.

Several analysts have recently issued reports on NOVA shares. LADENBURG THALM/SH SH reiterated a “buy” rating and issued a $16.00 target price (down previously from $22.00) on shares of Sunnova Energy International in a research note on Friday, April 3rd. Credit Suisse Group upgraded shares of Sunnova Energy International from a “neutral” rating to an “outperform” rating and increased their price target for the company from $13.50 to $21.50 in a research report on Monday, June 15th. Zacks Investment Research lowered shares of Sunnova Energy International from a “buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Raymond James upped their price objective on shares of Sunnova Energy International from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Roth Capital upped their price objective on shares of Sunnova Energy International from $22.00 to $28.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.32.

Sunnova Energy International Company Profile

Sunnova Energy International Inc focuses on operating as a holding company for Sunnova Energy Corporation that provides residential solar and energy storage services in the United States, Puerto Rico, and the Northern Mariana Islands. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization, and diagnostics.

Further Reading: Cash Asset Ratio

Earnings History for Sunnova Energy International (NASDAQ:NOVA)

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