Sunnova Energy International Inc. (NYSE:NOVA) went up by 0.57% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Solar giant went up by $19.51 to trade ended Tuesday trading at $19.40. This is up from the $19.4 price recorded on Monday’s trading session. Thanks to this latest performance, NOVA is closer to the higher price 52-week target of $22.00 and further from the lowest price target of $16.00. Its performance from the start of the year has also been positive, with NOVA up by 74.82% year-to-date.
Sunnova Energy International Inc. (NOVA) started the day trading at $19.57 and recorded an intraday high of $19.85. It also recorded an intraday low of $19.27 during Tuesday’s trading session. Sunnova Energy International Inc. is a very active stock that recorded a trading volume that is more than 0.93% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 590987, which is more than 0.93 of the total average daily trading volume of 585.48K.
Sunnova Energy International Inc. (NYSE:NOVA) 2020 Performance Impressive
The increase in NOVA’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of NOVA currently stands at $20.87, which is higher than the current trading price of the stock by 6.52%. However, NOVA’s current trading price is -218.79% lower than the 52-week low price of $6.12. In terms of trading volume, Sunnova Energy International Inc. currently experienced healthy participation during the last trading session. 590987 shares of Sunnova Energy International Inc. were traded on the stock exchange on Tuesday, which is more than 0.93% of the 585.48K average trading volume of the stock.
The performance of the stock has been positive over the past year. NOVA’s stock has gone up by 69.80% in the last six months. The quarterly performance of NOVA currently stands at 78.99%, and it is up by 42.30% in the last month. The only positive figure was from the weekly performance, which currently reads 8.69%. At the time of writing NOVA’s report, the company has a total market cap of $1.57B, making it one of the largest publicly-traded companies in the world.Sunnova Energy International Inc. also has over 324 employees all over the world.
NOVA Insider Activities
For Sunnova Energy International Inc., insiders hold 92.60% of all company shares. The insider transactions over the past six months are down by -116.80%. During that period, insiders bought 55,518 shares in 15 transactions. In that same period, insiders sold 1,443,890 of their shares in 2 transactions. After these transactions, insiders at Sunnova Energy International Inc. now hold 6.91M shares, which is over 94.51% of the total company stocks. Institutional investors currently hold a large chunk of the NOVA shares, as they control 8.22% of the company’s total stock.
NOVA Fundamental Analysis
For Sunnova Energy International Inc., the stock’s diluted earnings per share (EPS) stands at -2.40. In the coming year, analysts expect the EPS to be -0.18.
The Return on Investment (ROI) on Sunnova Energy International Inc.’s stock currently stands at -1.60%. The operating margin of the company is -31.80%, and its gross margin is 62.00%.
NOVA Analysts Prediction
In June 15, 2020, several analysts reiterated their positions on the Sunnova Energy International Inc. stock and predicted its performance to their investors. The analysts at Credit Suisse believe NOVA is still a Outperform and set the price target between $13.50 and $21.50. Another analyst that has a Neutral rating for NOVA is Credit Suisse, which set a price target of between $12.50 and $13.50.
Ladenburg Thalmann and ROTH Capital also believe that Sunnova Energy International Inc.’s stock is outperforming at the moment.
At the moment, Sunnova Energy International Inc.’s Total Debt to Equity ratio stands at 2.72, and they have a long-term Debt to Equity ratio of 2.55.
NOVA Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of NOVA currently stands at 18.08%, while the SMA50 is 37.52%. The biggest one is the SMA200, which is currently reading 57.20% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 66.57.