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Understanding the Risks of Investing in Sunnova Energy International Inc (NOVA)

In a filing, Sunnova Energy International Inc revealed its Director ROBERTSON CORBIN J III acquired Company’s shares for reported $0.12 million on Nov 19 ’24. In the deal valued at $3.56 per share,35,000 shares were bought. As a result of this transaction, ROBERTSON CORBIN J III now holds 120,048 shares worth roughly $0.54 million.

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Then, Mohamed Akbar bought 50,000 shares, generating $177,960 in total proceeds. Upon buying the shares at $3.56, the Director now owns 402,654 shares.

Before that, Williams Eric Michael bought 13,800 shares. Sunnova Energy International Inc shares valued at $49,680 were divested by the EVP, Chief Financial Officer at a price of $3.60 per share. As a result of the transaction, Williams Eric Michael now holds 13,800 shares, worth roughly $61962.0.

RBC Capital Mkts downgraded its Sunnova Energy International Inc [NOVA] rating to a Sector perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. Guggenheim also remained covering NOVA and has decreased its forecast on November 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on October 10, 2024. It rated NOVA as “a Buy”.

Price Performance Review of NOVA

On Monday, Sunnova Energy International Inc [NYSE:NOVA] saw its stock jump 0.45% to $4.49. Over the last five days, the stock has lost -16.54%. Sunnova Energy International Inc shares have fallen nearly -70.56% since the year began. Nevertheless, the stocks have fallen -63.82% 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 $5.46, while 200 days put it at $6.33.

Levels Of Support And Resistance For NOVA Stock

The 24-hour chart illustrates a support level at 4.21, which if violated will result in even more drops to 3.92. On the upside, there is a resistance level at 4.83. A further resistance level may holdings at 5.16. The Relative Strength Index (RSI) on the 14-day chart is 44.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.75%. Stochastics %K at 42.29% 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 2024-11-15, growing by 0.3 million shares to a total of 32.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 32.62 million shares. There was a rise of 0.9%, which implies that there is a positive sentiment for the stock.

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