Sunnova Energy International (NASDAQ:NOVA) Trading Up 10.7%

Sunnova Energy International Inc. (NASDAQ:NOVA)’s share price was up 10.7% during trading on Wednesday . The stock traded as high as $16.30 and last traded at $16.28, approximately 1,096,200 shares were traded during mid-day trading. An increase of 169% from the average daily volume of 406,785 shares. The stock had previously closed at $14.70.

Several equities research analysts have commented on NOVA shares. Zacks Investment Research cut shares of Sunnova Energy International from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. LADENBURG THALM/SH SH started coverage on shares of Sunnova Energy International in a research report on Monday, January 6th. They issued a “buy” rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.89.

The company has a fifty day simple moving average of $12.73 and a 200-day simple moving average of $11.09.

A number of hedge funds and other institutional investors have recently bought and sold shares of NOVA. Bank of America Corp DE raised its stake in shares of Sunnova Energy International by 363.0% in the fourth quarter. Bank of America Corp DE now owns 30,620 shares of the company’s stock valued at $341,000 after purchasing an additional 24,006 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sunnova Energy International by 29.2% in the fourth quarter. Bank of New York Mellon Corp now owns 48,507 shares of the company’s stock valued at $541,000 after purchasing an additional 10,966 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Sunnova Energy International in the fourth quarter valued at $990,000. Alyeska Investment Group L.P. raised its stake in shares of Sunnova Energy International by 31.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 319,916 shares of the company’s stock valued at $3,570,000 after purchasing an additional 75,761 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Sunnova Energy International by 28.1% in the fourth quarter. UBS Group AG now owns 14,123 shares of the company’s stock valued at $158,000 after purchasing an additional 3,101 shares in the last quarter.

Sunnova Energy International Company Profile (NASDAQ:NOVA)

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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