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What Are The Analysts’ Predictions For Sunnova Energy International Inc (NYSE: NOVA)?

Sunnova Energy International Inc (NYSE:NOVA) price closed higher on Monday, February 12, jumping 4.02% above its previous close.

A look at the daily price movement shows that the last close reads $11.68. The company’s 5Y monthly beta was ticking 2.21. Taking into account the 52-week price action we note that the stock hit a 52-week high of $24.56 and 52-week low of $7.61. The stock subtracted -1.06% on its value in the past month.

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Sunnova Energy International Inc, which has a market valuation of $1.49 billion, is expected to release its quarterly earnings report Feb 20, 2024 – Feb 26, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NOVA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

The overview shows that NOVA’s price is at present 16.33% off the SMA20 and -0.08% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 56.80, with weekly volatility standing at 9.94%. The indicator jumps to 9.65% when calculated based on the past 30 days. Sunnova Energy International Inc (NYSE:NOVA)’s beta value is holding at 2.22, while the average true range (ATR) indicator is currently reading 1.03.

Turning out attention to how the Sunnova Energy International Inc stock has performed in comparison to its peers in the industry, here’s what we find: NOVA’s stock is 4.02% on the day and -29.57% in the past 12 months. Turning out attention to how the Sunnova Energy International Inc stock has performed in comparison to its peers in the industry, here’s what we find: NOVA’s stock is 4.02% on the day and -29.57% in the past 12 months. Another comparison is with General Electric Co. (GE) whose stock price was up 0.64%% in the last trading session, and has flourished 69.53% over the past year.

An analysis of the Sunnova Energy International Inc (NYSE:NOVA) stock in terms of its daily trading volume indicates that the 3-month average is 1.40. However, this figure increases on the past 10-day timeline to an average of 7.37 million.

Current records show that the company has 114.94M in outstanding shares. The insiders’ percentage holdings are 13.28% of outstanding shares while the percentage share held by institutions stands at 106.82%. The stats also highlight that short interest as of Jan 31, 2024, stood at 37.3 million shares, which puts the short ratio at the time at 6.83. From this we can glean that short interest is 30.47% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 36.79 million. But the -20.33% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.