In a filing, Sunnova Energy International Inc revealed its insider Berger William J unloaded Company’s shares for reported $0.87 million on Aug 23 ’24. In the deal valued at $11.31 per share,77,000 shares were sold. As a result of this transaction, Berger William J now holds 409,045 shares worth roughly $4.65 million.
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Then, Berger William J bought 77,000 shares, generating $870,227 in total proceeds.
Before that, Berger William J sold 48,413 shares. Sunnova Energy International Inc shares valued at $341,157 were divested by the insider at a price of $7.05 per share. As a result of the transaction, Berger William J now holds 486,045 shares, worth roughly $5.52 million.
Piper Sandler downgraded its Sunnova Energy International Inc [NOVA] rating to a Neutral from a an Overweight in a research note published on May 21, 2024; the price target was decreased to $4.50 from $9. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “a Sector weight”. Wells Fargo also remained covering NOVA and has decreased its forecast on April 19, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Janney revised its rating on March 22, 2024. It rated NOVA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NOVA
On Monday, Sunnova Energy International Inc [NYSE:NOVA] saw its stock fall -0.35% to $11.36. Over the last five days, the stock has gained 17.96%. Sunnova Energy International Inc shares have fallen nearly -25.51% since the year began. Nevertheless, the stocks have fallen -11.39% over the past one year. While a 52-week high of $16.35 was reached on 01/02/24, a 52-week low of $3.37 was recorded on 05/01/24. SMA at 50 days reached $7.23, while 200 days put it at $7.94.
Levels Of Support And Resistance For NOVA Stock
The 24-hour chart illustrates a support level at 11.13, which if violated will result in even more drops to 10.90. On the upside, there is a resistance level at 11.71. A further resistance level may holdings at 12.06. The Relative Strength Index (RSI) on the 14-day chart is 76.39, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.83%. Stochastics %K at 94.32% indicates the stock is a selling.
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 2024-07-31, growing by 0.9 million shares to a total of 36.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 35.76 million shares. There was a rise of 2.46%, which implies that there is a positive sentiment for the stock.
