The Potential Rise in the Price of Sunnova Energy International Inc. (NOVA) following insiders activity


In a filing, Sunnova Energy International Inc. revealed its insider DuBose Arthur unloaded Company’s shares for reported $8939.0 on Sep 28. In the deal valued at $27.34 per share,327 shares were sold. As a result of this transaction, DuBose Arthur now holds 2,146 shares worth roughly $ 39915.600000000006.

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Then, Berger William J sold 150,000 shares, generating $4,506,645 in total proceeds. Upon selling the shares at $30.04, the insider now owns 301,142 shares.

Before that, Hultberg Kelsey sold 2,000 shares. Sunnova Energy International Inc. shares valued at $56,000 were divested by the insider at a price of $28.00 per share. As a result of the transaction, Hultberg Kelsey now holds 15,493 shares, worth roughly $0.29 million.

Wolfe Research downgraded its Sunnova Energy International Inc. [NOVA] rating to a Peer perform from a an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in mid October with a ‘”a Positive”‘ rating. Barclays began covering NOVA with “an Overweight” recommendation on August 05, 2022. Piper Sandler revised its rating on July 19, 2022. It rated NOVA as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of NOVA

On Friday, Sunnova Energy International Inc. [NYSE:NOVA] saw its stock fall -4.37% to $18.60. On the same session, the stock had its day’s lowest price of $17.50, but rose to a high of $20.24. Over the last five days, the stock has gained 5.32%. Sunnova Energy International Inc. shares have fallen nearly -33.38% since the year began. Nevertheless, the stocks have fallen -56.91% over the past one year. While a 52-week high of $45.10 was reached on 08/08/22, a 52-week low of $12.47 was recorded on 05/12/22. SMA at 50 days reached $22.22, while 200 days put it at $21.09. A total of 3.18 million shares were traded, compared to the trading of 3.49 million shares in the previous session.

Levels Of Support And Resistance For NOVA Stock

The 24-hour chart illustrates a support level at 17.32, which if violated will result in even more drops to 16.04. On the upside, there is a resistance level at 20.06. A further resistance level may holdings at 21.52. The Relative Strength Index (RSI) on the 14-day chart is 46.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.16%. Stochastics %K at 72.65% 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 Jul 14, 2022, growing by 1.46 million shares to a total of 17.76 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 16.3 million shares. There was a rise of 8.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 21.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.35.

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 $204,381,974, while BlackRock Fund Advisors added 11.52% of its stake to hold $193.42 million in the firm. Over the last quarter, Handelsbanken Fonder AB purchased 62,969 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 $88.08 million. Invesco Capital Management LLC owned 3,726,486 shares of the company at the time of its most recent 13F filing, worth $82.28 million.

However, 21 analysts have rated NOVA stock as a Buy in their predictions for 2022. The most recent change occurred on June 29, 2022 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $22 price target.


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