Sunnova Energy International Inc.’s filing revealed that its Berger William J unloaded Company’s shares for reported $4.51 million on Aug 08. In the deal valued at $30.04 per share,150,000 shares were sold. As a result of this transaction, Berger William J now holds 301,142 shares worth roughly $ 8.34 million.
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Then, Hultberg Kelsey sold 2,000 shares, generating $56,000 in total proceeds. Upon selling the shares at $28.00, the now owns 15,493 shares.
Before that, Berger William J sold 49,656 shares. Sunnova Energy International Inc. shares valued at $1,220,605 were divested by the at a price of $24.58 per share. As a result of the transaction, Berger William J now holds 451,142 shares, worth roughly $12.5 million.
Barclays initiated its Sunnova Energy International Inc. [NOVA] rating to an Overweight in a research note published on Monday, August 05, 2022; the price target was $35. PT values the company’s stock at a premium of 20.86 to its Monday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “a Neutral”. Wells Fargo began covering NOVA with “an Equal weight” recommendation on June 29, 2022. Goldman revised its rating on June 21, 2022. It rated NOVA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NOVA
On Monday, Sunnova Energy International Inc. [NYSE:NOVA] saw its stock jump 1.24% to $27.70. On the same session, the stock had its day’s lowest price of $26.96, but rose to a high of $28.065. Over the last five days, the stock has lost -1.74%. Sunnova Energy International Inc. shares have fallen nearly -0.79% since the year began. Nevertheless, the stocks have fallen -21.57% over the past one year. While a 52-week high of $46.40 was reached on 08/08/22, a 52-week low of $12.47 was recorded on 05/12/22. SMA at 50 days reached $24.70, while 200 days put it at $22.33. A total of 5.54 million shares were traded, compared to the trading of 3.09 million shares in the previous session.
Levels Of Support And Resistance For NOVA Stock
The 24-hour chart illustrates a support level at 27.08, which if violated will result in even more drops to 26.47. On the upside, there is a resistance level at 28.19. A further resistance level may holdings at 28.68. The Relative Strength Index (RSI) on the 14-day chart is 56.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.74%. Stochastics %K at 73.18% indicates the stock is a holding.
How much short interest is there in Sunnova Energy International Inc.?
A steep rise in short interest was recorded in Sunnova Energy International Inc. stocks on Aug 30, 2022, growing by 3.48 million shares to a total of 21.73 million shares. Yahoo Finance data shows the prior-month short interest on Jul 28, 2022 was 18.25 million shares. There was a rise of 16.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 26.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.83.
Sunnova Energy International Inc. [NOVA] – Who Are The Largest Shareholders?
In filings from BNP Paribas Asset Management UK L, it is revealed that the company now owns 12,322,397 shares, or roughly 10.75% of the outstanding NOVA shares. In other words, the investor’s shares have risen by 370,877 from its previous 13-F filing of 11951520.0. Additionally, The Vanguard Group, Inc. increased 7.63% of its stake after which the total value it holdings stand at $233,447,165, while BlackRock Fund Advisors added 11.52% of its stake to hold $220.93 million in the firm. Over the last quarter, Handelsbanken Fonder AB purchased 74,569 shares of Sunnova Energy International Inc., while Pictet Asset Management SA bought -75,599 shares. At present, BlackRock Investment Management is holding 3,988,951 shares valued at $100.6 million. Invesco Capital Management LLC owned 3,726,486 shares of the company at the time of its most recent 13F filing, worth $93.98 million.
According to FactSet, Sunnova Energy International Inc.’s share price will average $39.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 38.89 percent from its previous closing price of $27.36. Analysts expect Sunnova Energy International Inc. stock to reach the higher price of $72.00, while the lowest price estimate is $25.00. However, 20 analysts have rated NOVA stock as a Buy in their predictions for 2022. The most recent change occurred on May 18, 2022 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.