Analysts Say You Should Hold Your Position In Sunnova Energy International Inc (NYSE: NOVA)

Sunnova Energy International Inc (NYSE:NOVA) traded at $0.18 at close of the session on Monday, April 21 and made an upward move of 2.45% on its previous day’s price.

Looking at the stock we see that its previous close was $0.18 and the beta (5Y monthly) reads 2.891 with the day’s price range being $0.1529 – $0.1828. In terms of its 52-week price range, NOVA has a high of $13.00 and a low of $0.17. The company’s stock has lost about -66.08% over that past 30 days.

Sunnova Energy International Inc has a market cap of $22.49 million and is expected to release its quarterly earnings report on 2025-Mar-02.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 207.55M, with a low of 176.3M and a high of 253.58M. The median projection represents growth squeezing down to 28.99% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.01B, or 20.08% up from figures reported last year.

On the other hand, looking at the outlook for the NOVA stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Sunnova Energy International Inc (NOVA) stock as a Hold, while 9 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -38.56% off its SMA20 and -78.59% from its 50-day simple moving average. The RSI (14) is pointing at 23.98 while the volatility over the past week is 17.16% and jumps to 16.85% over the past one month. The beta value is 3.10, while the average true range (ATR) is currently pointing at 0.07. The average price target for the stock over the next 12 months is $4, with the estimates having a low of $1 and a high of $8. These price ends are -455.56% and -4344.44% off the current price level respectively, although investors could be excited at the prospect of a -2122.22% if the NOVA share price touches on the median price of $4.

Coming back to Sunnova Energy International Inc (NYSE:NOVA), we note that the average 3-month trading volume was 19.75 million, while that of the preceding 10-day period stands at 8.82 million. Current shares outstanding are 125.07 million.

The insiders hold 7.87% of the company’s shares while institutions hold 96.75%. The data shows that short shares as of 2025-03-31, stood at 30.52 million at a short ratio of 0.83. This represents a 3274.00 short interest in shares outstanding on 2025-03-31. Shares short fall in March from the previous month at 39.3 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -94.76% down in year-to-date price movement.

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