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Sunnova Energy International (NOVA)
NYSE:NOVA
RESEARCH TOOLSreports
Sunnova Energy International (NOVA) Stock Price & Analysis
1,866 Followers
NOVA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.37 - $24.56
Previous Close$4.59
Volume3.52M
Average Volume (3M)10.89M
Market Cap
$521.34M
Enterprise Value$8.47B
Total Cash (Recent Filing)$212.83M
Total Debt (Recent Filing)$7.51B
Price to Earnings (P/E)-1.4
Beta2.48
Next Earnings
Jul 24, 2024EPS Estimate
-$0.6Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.37
Shares Outstanding123,981,666
10 Day Avg. Volume8,025,393
30 Day Avg. Volume10,886,734
Standard Deviation0.22
R-Squared0.26
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.47
Price to Sales (P/S)0.79
Price to Cash Flow (P/CF)-3.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.76
Enterprise Value/Gross Profit11.12
Enterprise Value/Ebitda99.47
Forecast
1Y Price Target
$11.63Price Target Upside176.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering21
Sunnova Energy International News
Bulls Say, Bears Say
Bulls Say
Cost ManagementNOVA's commitment to cutting adjusted operating expenses per customer by 20% in 2024 is set to significantly boost cash flow and strengthen the company's financial position.
Financial HealthWith a solid increase in unrestricted cash balance and a stable liquidity forecast, NOVA demonstrates financial resilience and potential for sustained operations.
Strategic Business FocusNOVA is prioritizing high-return core customers over aggressive growth, a strategy that could enhance profit margins and shareholder value.
Bears Say
Financial PerformanceSunnova Energy's financial results showed weakness with both revenue and customer additions failing to meet expectations.
Leadership ChangesThe upcoming departure of CFO Rob Lane may bring additional uncertainty during a critical time of strategic shifts for the company.
Market PerceptionInvestor confidence has been shaken by NOVA's unexpected equity capital raise and the negative impact of price dislocation in the company’s outstanding debt.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
NOVA FAQ
What was Sunnova Energy International’s price range in the past 12 months?
Sunnova Energy International lowest stock price was $3.37 and its highest was $24.56 in the past 12 months.
What is Sunnova Energy International’s market cap?
Currently, no data Available
When is Sunnova Energy International’s upcoming earnings report date?
Sunnova Energy International’s upcoming earnings report date is Jul 24, 2024 which is in 68 days.
How were Sunnova Energy International’s earnings last quarter?
Sunnova Energy International released its earnings results on May 01, 2024. The company reported -$0.57 earnings per share for the quarter, beating the consensus estimate of -$0.818 by $0.248.
Is Sunnova Energy International overvalued?
According to Wall Street analysts Sunnova Energy International’s price is currently Undervalued.
Does Sunnova Energy International pay dividends?
Sunnova Energy International does not currently pay dividends.
What is Sunnova Energy International’s EPS estimate?
Sunnova Energy International’s EPS estimate is -$0.6.
How many shares outstanding does Sunnova Energy International have?
Sunnova Energy International has 123,981,670 shares outstanding.
What happened to Sunnova Energy International’s price movement after its last earnings report?
Sunnova Energy International reported an EPS of -$0.57 in its last earnings report, beating expectations of -$0.818. Following the earnings report the stock price went up 25.212%.
Which hedge fund is a major shareholder of Sunnova Energy International?
Among the largest hedge funds holding Sunnova Energy International’s share is Moore Capital Management LP. It holds Sunnova Energy International’s shares valued at 25M.
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Sunnova Energy International Stock Smart Score
Underperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$11.63 (176.58% Upside)
$11.63 (176.58% Upside)
Blogger Sentiment
Bullish
NOVA Sentiment 70%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 2.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $439.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 0.3%
Last 30 Days ▼ 1.9%
Last 30 Days ▼ 1.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-69.94%
12-Months-Change
Fundamentals
Return on Equity
-28.23%
Trailing 12-Months
Asset Growth
32.73%
Trailing 12-Months
Company Description
Sunnova Energy International
Sunnova Energy International, Inc. engages in providing solar and energy storage services. It also offers services to customers who purchased their solar energy system through unaffiliated third parties. The company was founded in January, 2013 and is headquartered in Houston, TX.
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NOVA Company Deck
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NOVA Earnings Call
Q1 2024
0:00 / 0:00
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NOVA Stock 12 Month Forecast
Average Price Target
$11.63
▲(176.58% Upside)
Technical Analysis
Best Analysts Covering NOVA
1 Year
1 Year Success Rate
7/14 ratings generated profit
1 Year Average Return
+18.35%
reiterated a buy rating 16 days ago
Copying Brian K. Lee's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +18.35% per trade.
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