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Keeping an Eye on Sunnova Energy International Inc (NOVA) After Insider Trading Activity

In a filing, Sunnova Energy International Inc revealed its Director Mohamed Akbar acquired Company’s shares for reported $0.21 million on Nov 15 ’24. In the deal valued at $3.80 per share,54,717 shares were bought. As a result of this transaction, Mohamed Akbar now holds 302,654 shares worth roughly $1.04 million.

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Then, Mohamed Akbar bought 50,000 shares, generating $181,990 in total proceeds. Upon buying the shares at $3.64, the Director now owns 352,654 shares.

Before that, ROBERTSON CORBIN J III bought 85,048 shares. Sunnova Energy International Inc shares valued at $282,266 were divested by the Director at a price of $3.32 per share. As a result of the transaction, ROBERTSON CORBIN J III now holds 85,048 shares, worth roughly $0.29 million.

Exane BNP Paribas downgraded its Sunnova Energy International Inc [NOVA] rating to an Underperform from a a Neutral in a research note published on A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Jefferies began covering NOVA with “Buy” recommendation on October 10, 2024. Piper Sandler revised its rating on May 21, 2024. It rated NOVA as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of NOVA

On Tuesday, Sunnova Energy International Inc [NYSE:NOVA] saw its stock fall -5.75% to $3.44. Over the last five days, the stock has gained 1.47%. Sunnova Energy International Inc shares have fallen nearly -77.44% since the year began. Nevertheless, the stocks have fallen -67.94% over the past one year. While a 52-week high of $16.35 was reached on 01/02/24, a 52-week low of $2.99 was recorded on 11/08/24. SMA at 50 days reached $7.06, while 200 days put it at $6.70.

Levels Of Support And Resistance For NOVA Stock

The 24-hour chart illustrates a support level at 3.33, which if violated will result in even more drops to 3.23. On the upside, there is a resistance level at 3.65. A further resistance level may holdings at 3.87. The Relative Strength Index (RSI) on the 14-day chart is 35.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.97%. Stochastics %K at 15.28% 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 2024-10-31, dropping by -5.83 million shares to a total of 31.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 37.68 million shares. There was a decline of -18.32%, which implies that there is a negative sentiment for the stock.

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