Defying the odds and beating analyst forecasts: Sunnova Energy International Inc. (NOVA)

For the readers interested in the stock health of Sunnova Energy International Inc. (NOVA). It is currently valued at $18.49. When the transactions were called off in the previous session, Stock hit the highs of $18.50, after setting-off with the price of $17.46. Company’s stock value dipped to $17.34 during the trading on the day. When the trading was stopped its value was $17.53.Recently in News on February 10, 2023, FranklinWH and Sunnova Team Up to Add Franklin Home Power Storage Solution to Sunnova’s Energy as a Service Portfolio. FranklinWH Energy Storage Inc. (“FranklinWH”), a leader in whole-home energy management, has announced an agreement with Sunnova Energy International, Inc (“Sunnova”) (NYSE: NOVA), a leading Energy as a Service (“EaaS”) provider, to offer the Franklin Home Power system (the “FHP”), an AC-coupled storage solution, as an option for the Sunnova Adaptive Home®, which integrates the use of solar, battery storage, energy control and management technologies. This will allow Sunnova to bring the FHP storage solution to existing solar customers, as well as to developers of new homes as a whole-home solution that will bring safe, reliable, and affordable state-of-the-art solar technology to new homes and communities. You can read further details here

Sunnova Energy International Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $22.64 on 01/18/23, with the lowest value was $16.52 for the same time period, recorded on 02/13/23.

Sunnova Energy International Inc. (NOVA) full year performance was 7.88%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Sunnova Energy International Inc. shares are logging -41.25% during the 52-week period from high price, and 48.28% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $12.47 and $31.47.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2488707 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Sunnova Energy International Inc. (NOVA) recorded performance in the market was 2.67%, having the revenues showcasing -16.07% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.15B, as it employees total of 736 workers.

Analysts verdict on Sunnova Energy International Inc. (NOVA)

During the last month, 18 analysts gave the Sunnova Energy International Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 19.97, with a change in the price was noted -6.91. In a similar fashion, Sunnova Energy International Inc. posted a movement of -27.20% for the period of last 100 days, recording 3,221,994 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NOVA is recording 4.01 at the time of this writing. In addition, long term Debt to Equity ratio is set at 3.86.

Sunnova Energy International Inc. (NOVA): Technical Analysis

Raw Stochastic average of Sunnova Energy International Inc. in the period of last 50 days is set at 26.34%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 41.83%. In the last 20 days, the company’s Stochastic %K was 25.27% and its Stochastic %D was recorded 15.64%.

Let’s take a glance in the erstwhile performances of Sunnova Energy International Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 2.67%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -29.80%, alongside a boost of 7.88% for the period of the last 12 months. The shares increased approximately by 1.37% in the 7-day charts and went up by -15.03% in the period of the last 30 days. Common stock shares were lifted by -16.07% during last recorded quarter.

energy storage