Brokerages predict that Sunnova Energy International Inc. (NASDAQ:NOVA) will announce $33.78 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Sunnova Energy International’s earnings, with the lowest sales estimate coming in at $31.90 million and the highest estimate coming in at $36.20 million. The firm is scheduled to announce its next earnings results on Thursday, January 30th.
On average, analysts expect that Sunnova Energy International will report full-year sales of $132.21 million for the current fiscal year, with estimates ranging from $130.40 million to $135.50 million. For the next year, analysts anticipate that the firm will post sales of $162.35 million, with estimates ranging from $157.39 million to $166.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Sunnova Energy International.
Sunnova Energy International (NASDAQ:NOVA) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.04). The company had revenue of $36.62 million for the quarter, compared to analyst estimates of $37.81 million.
NOVA has been the subject of several recent analyst reports. downgraded shares of Sunnova Energy International from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. KeyCorp upped their price objective on shares of Sunnova Energy International from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Credit Suisse Group initiated coverage on shares of Sunnova Energy International in a report on Tuesday, August 20th. They set an “outperform” rating and a $14.00 price objective for the company. Robert W. Baird initiated coverage on shares of Sunnova Energy International in a report on Tuesday, August 20th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Roth Capital initiated coverage on shares of Sunnova Energy International in a report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $14.88.
In related news, Director Anne S. Andrew purchased 15,000 shares of Sunnova Energy International stock in a transaction on Wednesday, November 13th. The stock was purchased at an average cost of $9.91 per share, with a total value of $148,650.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $148,650. The acquisition was disclosed in a legal filing with the SEC, which is available at .
Institutional investors have recently modified their holdings of the business. Rhumbline Advisers bought a new stake in Sunnova Energy International in the 3rd quarter valued at $110,000. California State Teachers Retirement System acquired a new position in shares of Sunnova Energy International in the 3rd quarter valued at $225,000. State of Tennessee Treasury Department acquired a new position in shares of Sunnova Energy International in the 3rd quarter valued at $301,000. Kayne Anderson Capital Advisors LP acquired a new position in shares of Sunnova Energy International in the 3rd quarter valued at $391,000. Finally, Millennium Management LLC acquired a new position in shares of Sunnova Energy International in the 3rd quarter valued at $488,000.
NASDAQ NOVA opened at $11.05 on Wednesday. The business’s fifty day moving average price is $10.28. Sunnova Energy International has a 1 year low of $8.01 and a 1 year high of $12.28.
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.
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