NOVA stock icon

Sunnova Energy

4.47 USD
+0.03
0.68%
At close Dec 6, 4:00 PM EST
After hours
4.38
-0.09
2.01%
1 day
0.68%
5 days
-18.87%
1 month
30.70%
3 months
-57.31%
6 months
-14.04%
Year to date
-70.71%
1 year
-63.12%
5 years
-53.82%
10 years
-60.27%
 

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

0
Funds holding %
of 6,794 funds
0
Analysts bullish %
of 9 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

58% more capital invested

Capital invested by funds: $827M [Q2] → $1.3B (+$477M) [Q3]

30% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 33

5% more funds holding

Funds holding: 209 [Q2] → 219 (+10) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 75

9.78% less ownership

Funds ownership: 116.96% [Q2] → 107.18% (-9.78%) [Q3]

22% less call options, than puts

Call options by funds: $69.2M | Put options by funds: $89.1M

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$4.50
1%
upside
Avg. target
$9.08
103%
upside
High target
$15
236%
upside

9 analyst ratings

positive
44%
neutral
56%
negative
0%
Piper Sandler
Kashy Harrison
50% 1-year accuracy
18 / 36 met price target
1%upside
$4.50
Neutral
Maintained
22 Nov 2024
Morgan Stanley
Andrew Percoco
86% 1-year accuracy
6 / 7 met price target
34%upside
$6
Equal-Weight
Maintained
15 Nov 2024
BMO Capital
Ameet Thakkar
71% 1-year accuracy
5 / 7 met price target
79%upside
$8
Market Perform
Reiterated
1 Nov 2024
Deutsche Bank
Corinne Blanchard
0% 1-year accuracy
0 / 4 met price target
40%upside
$6.25
Hold
Maintained
1 Nov 2024
Baird
Ben Kallo
67% 1-year accuracy
22 / 33 met price target
168%upside
$12
Outperform
Maintained
1 Nov 2024

Financial journalist opinion

Based on 6 articles about NOVA published over the past 30 days

Neutral
The Motley Fool
1 day ago
Nuclear and Renewable Energy Stocks Have Lost Their Shine
After a strong run for some energy stocks in the fall, the rally fell flat this week with many nuclear and renewable energy stocks dropping.
Nuclear and Renewable Energy Stocks Have Lost Their Shine
Positive
The Motley Fool
2 weeks ago
Why Sunnova Energy Stock Leaped 23% Higher Today
Why Sunnova Energy Stock Leaped 23% Higher Today
Why Sunnova Energy Stock Leaped 23% Higher Today
Neutral
Business Wire
2 weeks ago
Sunnova Awarded Microgrid Project to Bolster Grid Resiliency for Penobscot Nation in Maine
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced it was selected by the Penobscot Nation to deploy a half megawatt battery energy storage system (BESS) for the tribe's community and commerce facilities. This BESS will improve the resilience of Maine's electrical grid to better withstand extreme storms while enhancing clean energy deployment and job opportunities. The system will capture excess.
Sunnova Awarded Microgrid Project to Bolster Grid Resiliency for Penobscot Nation in Maine
Negative
The Motley Fool
3 weeks ago
Why QuantumScape, SolarEdge, and Sunnova Energy Plunged Today
Uncertainty around clean energy incentives and rising interest rates punished these clean energy leaders.
Why QuantumScape, SolarEdge, and Sunnova Energy Plunged Today
Neutral
CNBC Television
4 weeks ago
Market misunderstanding Trump administration's impact on solar energy, says Sunnova CEO John Berger
John Berger, Sunnova CEO, joins 'Closing Bell Overtime' to talk the impact of the upcoming Trump administration on solar energy.
Market misunderstanding Trump administration's impact on solar energy, says Sunnova CEO John Berger
Negative
The Motley Fool
4 weeks ago
Why These Energy Stocks Cratered This Week
A new presidential administration could bring headaches for renewable energy.
Why These Energy Stocks Cratered This Week
Negative
The Motley Fool
1 month ago
Why First Solar, Sunnova Energy, and Plug Power Stocks All Crashed Today
Green energy stocks are selling off post-election. Is this a buying opportunity?
Why First Solar, Sunnova Energy, and Plug Power Stocks All Crashed Today
Negative
CNBC
1 month ago
Solar stocks tumble overnight as Trump leads in election results
Solar stocks are selling off as clean energy investors worry Donald Trump is on a path to win the U.S. presidential election. Traders are worried that Trump could repeal the Inflation Reduction Act if Republicans manage to secure unified control of government.
Solar stocks tumble overnight as Trump leads in election results
Positive
The Motley Fool
1 month ago
Why Solar Energy Stocks Skyrocketed Today
Nuclear energy news helped solar energy for once.
Why Solar Energy Stocks Skyrocketed Today
Negative
Seeking Alpha
1 month ago
Sunnova: Skyrocketing Debt Fuels Growth, But Margins Remain Under Pressure
Sunnova is one of the leading companies in the residential solar PV system market, along with Sunrun and Tesla. It reported 16.97% YoY growth in the first 9 months of FY24, but margins remain extremely negative. The business model requires a large amount of capital, leading to debt surpassing the $8 billion threshold as of September 2024, exceeding more than 10x the market cap.
Sunnova: Skyrocketing Debt Fuels Growth, But Margins Remain Under Pressure
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