The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sunnova Energy International Inc shares valued at $124,498 were purchased by ROBERTSON CORBIN J III on Nov 19 ’24. At $3.56 per share, ROBERTSON CORBIN J III acquired 35,000 shares. The insider’s holdings grew to 120,048 shares worth approximately $0.45 million following the completion of this transaction.
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Also, Mohamed Akbar purchased 50,000 shares, netting a total of over 177,960 in proceeds. Following the buying of shares at $3.56 each, the insider now holds 402,654 shares.
Before that, Williams Eric Michael had added 13,800 shares to its account. In a trade valued at $49,680, the EVP, Chief Financial Officer bought Sunnova Energy International Inc shares for $3.60 each. Upon closing the transaction, the insider’s holdings increased to 13,800 shares, worth approximately $52026.0.
As published in their initiating research note from TD Cowen on December 19, 2024, Sunnova Energy International Inc [NOVA] has been a Hold and the price target has been revised to $5. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early December. As of November 08, 2024, Exane BNP Paribas has decreased its “Neutral” rating to a “an Underperform” for NOVA. Earlier on November 07, 2024, Guggenheim downgraded its rating. Their new recommendation was “a Neutral” for NOVA stock which previously was a “a Buy”.
Analyzing NOVA Stock Performance
During the last five days, there has been a drop of approximately -10.24%. Over the course of the year, Sunnova Energy International Inc shares have dropped approximately -75.28%. Shares of the company reached a 52-week high of $15.61 on 01/02/24 and a 52-week low of $2.99 on 11/08/24. A 50-day SMA is recorded $4.67, while a 200-day SMA reached $6.19. Nevertheless, trading volume fell to 4.0 million shares from 6.16 million shares the previous day.
Support And Resistance Levels for Sunnova Energy International Inc (NOVA)
According to the 24-hour chart, there is a support level at 3.60, which, if violated, would cause prices to drop to 3.43. In the upper region, resistance lies at 3.91. The next price resistance is at 4.05. RSI (Relative Strength Index) is 40.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 69.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
