Sunnova Energy International Inc. (NASDAQ:NOVA) shares hit a new 52-week high during trading on Wednesday after KeyCorp raised their price target on the stock from $14.00 to $18.00. KeyCorp currently has an overweight rating on the stock. Sunnova Energy International traded as high as $18.27 and last traded at $17.99, with a volume of 339383 shares. The stock had previously closed at $16.24.
A number of other research analysts have also recently issued reports on the stock. LADENBURG THALM/SH SH initiated coverage on shares of Sunnova Energy International in a research note on Monday, January 6th. They issued a “buy” rating and a $15.00 target price for the company. Zacks Investment Research cut shares of Sunnova Energy International from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $15.33.
A number of hedge funds have recently bought and sold shares of the stock. Newlight Partners LP bought a new position in Sunnova Energy International in the 4th quarter worth approximately $107,528,000. Handelsbanken Fonder AB raised its position in Sunnova Energy International by 16.6% in the 4th quarter. Handelsbanken Fonder AB now owns 3,044,164 shares of the company’s stock worth $33,973,000 after purchasing an additional 432,393 shares during the last quarter. FMR LLC raised its position in Sunnova Energy International by 84.4% in the 4th quarter. FMR LLC now owns 2,052,500 shares of the company’s stock worth $22,906,000 after purchasing an additional 939,700 shares during the last quarter. Jefferies Group LLC raised its position in Sunnova Energy International by 31.7% in the 4th quarter. Jefferies Group LLC now owns 643,716 shares of the company’s stock worth $7,184,000 after purchasing an additional 155,120 shares during the last quarter. Finally, Kohlberg Kravis Roberts & Co. L.P. bought a new position in Sunnova Energy International in the 3rd quarter worth approximately $6,289,000.
The firm’s 50-day moving average is $13.23 and its two-hundred day moving average is $11.23.
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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