Sunnova Energy International Inc’s filing revealed that its insider Grasso Michael P unloaded Company’s shares for reported $43639.0 on Mar 25 ’24. In the deal valued at $5.89 per share,7,409 shares were sold. As a result of this transaction, Grasso Michael P now holds 67,579 shares worth roughly $0.32 million.
Then, LANE ROBERT LAWRENCE sold 6,710 shares, generating $39,522 in total proceeds. Upon selling the shares at $5.89, the insider now owns 141,529 shares.
Before that, Nutting Meghan sold 2,917 shares. Sunnova Energy International Inc shares valued at $16,919 were divested by the insider at a price of $5.80 per share. As a result of the transaction, Nutting Meghan now holds 55,851 shares, worth roughly $0.27 million.
Janney upgraded its Sunnova Energy International Inc [NOVA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “an Equal-weight”. Janney also remained covering NOVA and has decreased its forecast on February 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. Northland Capital revised its rating on February 23, 2024. It rated NOVA as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of NOVA
On Friday, Sunnova Energy International Inc [NYSE:NOVA] saw its stock fall -6.82% to $4.78. Over the last five days, the stock has lost -22.02%. Sunnova Energy International Inc shares have fallen nearly -68.66% since the year began. Nevertheless, the stocks have fallen -69.18% over the past one year. While a 52-week high of $24.56 was reached on 01/02/24, a 52-week low of $3.80 was recorded on 03/14/24. SMA at 50 days reached $7.69, while 200 days put it at $11.99. A total of 10.42 million shares were traded, compared to the trading of 7.42 million shares in the previous session.
Levels Of Support And Resistance For NOVA Stock
The 24-hour chart illustrates a support level at 4.62, which if violated will result in even more drops to 4.46. On the upside, there is a resistance level at 5.00. A further resistance level may holdings at 5.22. The Relative Strength Index (RSI) on the 14-day chart is 37.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.05%. Stochastics %K at 43.02% 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 Mar 15, 2024, growing by 1.81 million shares to a total of 36.13 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 34.32 million shares. There was a rise of 5.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 39.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.93.
