Sunnova EnergyNOVA
Market Cap: $1.44B
About: Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades, and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems. It operates in a single reportable segment: solar energy products and services.
Employees: 2,047
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
25% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 64
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
1.44% less ownership
Funds ownership: 109.68% [Q1] → 108.24% (-1.44%) [Q2]
8% less funds holding
Funds holding: 225 [Q1] → 208 (-17) [Q2]
8% less capital invested
Capital invested by funds: $823M [Q1] → $758M (-$65M) [Q2]
33% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 51
47% less call options, than puts
Call options by funds: $45.1M | Put options by funds: $85M
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Morgan Stanley Andrew Percoco 63% 1-year accuracy 5 / 8 met price target | 13%upside $13 | Equal-Weight Maintained | 21 Aug 2024 |
Piper Sandler Kashy Harrison 60% 1-year accuracy 24 / 40 met price target | 30%downside $8 | Neutral Maintained | 12 Aug 2024 |
Scotiabank Tristan Richardson 43% 1-year accuracy 6 / 14 met price target | 22%upside $14 | Sector Outperform Maintained | 6 Aug 2024 |
Wells Fargo Praneeth Satish 58% 1-year accuracy 7 / 12 met price target | 22%downside $9 | Equal-Weight Maintained | 6 Aug 2024 |
RBC Capital Christopher Dendrinos 100% 1-year accuracy 8 / 8 met price target | 13%downside $10 | Outperform Maintained | 5 Aug 2024 |
Financial journalist opinion
Based on 4 articles about NOVA published over the past 30 days