Sunnova Energy International (NASDAQ:NOVA) Releases Earnings Results, Misses Estimates By $0.12 EPS
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.
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
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