IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Stock Position in Sunnova Energy International Inc. (NYSE:NOVA)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 86.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,398 shares of the company’s stock after selling 205,805 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Sunnova Energy International were worth $108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Erste Asset Management GmbH bought a new position in shares of Sunnova Energy International during the third quarter valued at $76,550,000. Sylebra Capital LLC boosted its holdings in shares of Sunnova Energy International by 125.6% during the 3rd quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock valued at $121,195,000 after acquiring an additional 6,926,399 shares during the last quarter. Teilinger Capital Ltd. bought a new stake in shares of Sunnova Energy International in the fourth quarter worth approximately $3,588,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Sunnova Energy International by 85.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,380,011 shares of the company’s stock valued at $4,733,000 after purchasing an additional 635,325 shares during the last quarter. Finally, Amundi raised its holdings in shares of Sunnova Energy International by 11.2% during the fourth quarter. Amundi now owns 4,385,286 shares of the company’s stock valued at $14,988,000 after purchasing an additional 441,232 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on NOVA. Baird R W downgraded shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Wells Fargo & Company cut Sunnova Energy International from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $4.00 to $0.50 in a research report on Tuesday, March 4th. Capital One Financial cut Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered shares of Sunnova Energy International from an “overweight” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group downgraded shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $1.00 in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.39.

Sunnova Energy International Stock Down 6.7 %

Shares of NOVA stock opened at $0.31 on Friday. The company’s fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $4.31. Sunnova Energy International Inc. has a 52 week low of $0.25 and a 52 week high of $13.00. The stock has a market cap of $39.28 million, a P/E ratio of -0.09 and a beta of 2.64. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26.

Sunnova Energy International (NYSE:NOVA) last posted its earnings results on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The firm had revenue of $224.13 million during the quarter, compared to analysts’ expectations of $235.85 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Analysts predict that Sunnova Energy International Inc. will post -2.63 EPS for the current fiscal year.

Sunnova Energy International 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.