Sunnova Energy International (NYSE:NOVA) Downgraded to “Equal Weight” Rating by Capital One Financial

Sunnova Energy International (NYSE:NOVA) was downgraded by investment analysts at Capital One Financial from an “overweight” rating to an “equal weight” rating in a report issued on Monday,Briefing.com Automated Import reports.

A number of other equities analysts have also commented on NOVA. JPMorgan Chase & Co. dropped their price objective on Sunnova Energy International from $14.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. TD Cowen assumed coverage on Sunnova Energy International in a research note on Thursday, December 19th. They issued a “hold” rating and a $5.00 price objective on the stock. The Goldman Sachs Group lowered their price target on Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Barclays lowered their price target on Sunnova Energy International from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group lowered Sunnova Energy International from a “buy” rating to a “hold” rating and lowered their price target for the company from $9.00 to $2.00 in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunnova Energy International has a consensus rating of “Hold” and an average target price of $9.03.

Sunnova Energy International Price Performance

NOVA opened at $0.55 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The stock has a fifty day moving average price of $2.89 and a 200 day moving average price of $5.63. The stock has a market cap of $68.22 million, a price-to-earnings ratio of -0.50 and a beta of 2.28. Sunnova Energy International has a 1 year low of $1.64 and a 1 year high of $13.00.

Hedge Funds Weigh In On Sunnova Energy International

A number of large investors have recently added to or reduced their stakes in NOVA. Cibc World Markets Corp bought a new position in Sunnova Energy International during the 4th quarter worth about $35,000. Crux Wealth Advisors acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $35,000. Two Sigma Advisers LP acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $35,000. Integrated Wealth Concepts LLC acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $40,000. Finally, Teza Capital Management LLC acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $48,000.

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.