Sunnova Energy International Inc’s recently made public that 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 $2.69 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 $3.19 million.
Jefferies initiated its Sunnova Energy International Inc [NOVA] rating to a Buy in a research note published on October 10, 2024; the price target was $15. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. KeyBanc Capital Markets also remained covering NOVA and has decreased its forecast on April 23, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on April 19, 2024. It rated NOVA as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of NOVA
On Friday, Sunnova Energy International Inc [NYSE:NOVA] saw its stock jump 1.08% to $6.57. Over the last five days, the stock has lost -11.69%. Sunnova Energy International Inc shares have fallen nearly -56.92% since the year began. Nevertheless, the stocks have fallen -37.96% 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 $9.47, while 200 days put it at $7.64.
Levels Of Support And Resistance For NOVA Stock
The 24-hour chart illustrates a support level at 6.32, which if violated will result in even more drops to 6.06. On the upside, there is a resistance level at 6.86. A further resistance level may holdings at 7.14. The Relative Strength Index (RSI) on the 14-day chart is 27.47, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.34%. Stochastics %K at 2.73% indicates the stock is a buying.
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 2024-09-30, growing by 3.15 million shares to a total of 37.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 34.53 million shares. There was a rise of 8.37%, which implies that there is a positive sentiment for the stock.
