101,500 Shares in Sunnova Energy International Inc. (NYSE:NOVA) Purchased by DRW Securities LLC

DRW Securities LLC purchased a new position in shares of Sunnova Energy International Inc. (NYSE:NOVA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 101,500 shares of the company’s stock, valued at approximately $989,000. DRW Securities LLC owned about 0.08% of Sunnova Energy International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sylebra Capital LLC purchased a new position in Sunnova Energy International in the second quarter valued at about $30,783,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Sunnova Energy International by 56.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company’s stock valued at $78,915,000 after acquiring an additional 5,118,552 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Sunnova Energy International by 9.1% in the third quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock valued at $71,097,000 after acquiring an additional 611,452 shares during the last quarter. Electron Capital Partners LLC boosted its stake in Sunnova Energy International by 24.5% in the second quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company’s stock valued at $16,768,000 after acquiring an additional 591,514 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Sunnova Energy International by 3,168.8% in the first quarter. Westwood Holdings Group Inc. now owns 574,127 shares of the company’s stock valued at $3,519,000 after acquiring an additional 556,563 shares during the last quarter.

Sunnova Energy International Price Performance

NOVA stock opened at $5.34 on Tuesday. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. Sunnova Energy International Inc. has a one year low of $2.99 and a one year high of $16.35. The stock has a market cap of $666.61 million, a PE ratio of -1.59 and a beta of 2.26. The firm has a 50 day simple moving average of $6.54 and a two-hundred day simple moving average of $6.92.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $238.23 million. During the same period in the prior year, the firm earned ($0.53) EPS. Sunnova Energy International’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Sunnova Energy International Inc. will post -2.29 EPS for the current fiscal year.

Insider Activity

In other news, Director Akbar Mohamed purchased 50,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $3.64 per share, with a total value of $182,000.00. Following the transaction, the director now directly owns 352,654 shares of the company’s stock, valued at approximately $1,283,660.56. This represents a 16.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Michael Williams purchased 13,800 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $3.60 per share, with a total value of $49,680.00. Following the transaction, the chief financial officer now directly owns 13,800 shares in the company, valued at $49,680. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 118,517 shares of company stock valued at $439,605. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Piper Sandler lowered their price target on shares of Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday. Susquehanna boosted their price target on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of Sunnova Energy International in a research report on Thursday, October 10th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Scotiabank boosted their price target on shares of Sunnova Energy International from $10.00 to $14.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.73.

Sunnova Energy International Company Profile

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.