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Wednesday, March 22, 2023

What Are The Chances Of Sunnova Energy International Inc. (NYSE: NOVA) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Sunnova Energy International Inc. (NOVA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $16.15. The Sunnova Energy International Inc. has recorded 156,526 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Sunnova Secures Largest Wholesale Market Capacity Position for Behind-the-Meter Solar in New England Region.

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Stocks Info

As a NYSE listed company, NOVA falls under the Technology sector while operating within the Solar industry segment. At the end of the last regular session, the stock closed at $16.15 and fluctuated between $17.89 as its day high and $15.56 as its day low. The current market capitalization of Sunnova Energy International Inc. is $1.98B. A total of 4.88 million shares were traded on the day, compared to an average of 3.25M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NOVA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 28 BUYs and 34 SELLs from insiders. Insiders purchased 274,206 shares during that period but sold 288,072.

In the most recent transaction, DuBose Arthur sold 327 shares of NOVA for 27.34 per share on Sep 28. After the transaction, the insider now owns 2,146 company shares. In a previous transaction on Aug 08, Berger William J sold 150,000 shares at 30.04 per share. NOVA shares that insider owns now total 301,142.

Among the insiders who sold shares, Hultberg Kelsey disposed of 2,000 shares on Aug 05 at a per-share price of $28.00. This resulted in the insider holding 15,493 shares of NOVA after the transaction. In another insider transaction, Berger William J sold 49,656 shares at $24.58 per share on Aug 01. Company shares held by the insider now total 451,142.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NOVA in the last 3 months, the mean price target is $35.61 with high estimates of $60.00 and low estimates of $23.00. In terms of 52-week highs and lows, NOVA has a high of $31.47 and a low of $12.47.

As of this writing, NOVA has an earnings estimate of -$0.37 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.58 per share and a lower estimate of -$0.82. The company reported an EPS of -$0.32 in the last quarter, which was -60.00% lower than expectations of -$0.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 25 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NOVA is Sell with a score of 4.75. A total of 20 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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