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 $1,036 were purchased by Mathews Paul S on Feb 03 ’25. At $1.84 per share, Mathews Paul S acquired 562 shares.
Also, ROBERTSON CORBIN J III purchased 35,000 shares, netting a total of over 124,498 in proceeds. Following the buying of shares at $3.56 each, the insider now holds 120,048 shares.
Before that, Mohamed Akbar had added 50,000 shares to its account. In a trade valued at $177,960, the Director bought Sunnova Energy International Inc shares for $3.56 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $0.7 million.
As published in a research note from Jefferies on February 07, 2025, Sunnova Energy International Inc [NOVA] has been rated down from a Buy to a Hold and the price target has been revised to $2 from $9. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 19, 2024, TD Cowen has initiated its “Hold” rating for NOVA. Earlier on December 09, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for NOVA stock which previously was a “an Outperform”.
Analyzing NOVA Stock Performance
During the last five days, there has been a drop of approximately -15.94%. Over the course of the year, Sunnova Energy International Inc shares have dropped approximately -49.27%. Shares of the company reached a 52-week high of $4.7500 on 01/07/25 and a 52-week low of $1.7200 on 02/26/25. A 50-day SMA is recorded $3.0354, while a 200-day SMA reached $5.8292. Nevertheless, trading volume fell to 7.32 million shares from 6.69 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 1.6700, which, if violated, would cause prices to drop to 1.6000. In the upper region, resistance lies at 1.8600. The next price resistance is at 1.9800. RSI (Relative Strength Index) is 26.65 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2148, which suggests the price will decrease in the coming days. Percent R is at 97.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
