Analyst Valuation and EPS Growth for Sunnova Energy International (NYSE:NOVA)

Earnings results for Sunnova Energy International (NYSE:NOVA)

Sunnova Energy International Inc. is expected* to report earnings on 02/24/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.37. The reported EPS for the same quarter last year was $-0.21.

Analyst Opinion on Sunnova Energy International (NYSE:NOVA)

12 Wall Street analysts have issued ratings and price targets for Sunnova Energy International in the last 12 months. Their average twelve-month price target is $49.58, predicting that the stock has a possible upside of 7.84%. The high price target for NOVA is $66.00 and the low price target for NOVA is $16.00. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Sunnova Energy International has received a consensus rating of Buy. The company’s average rating score is 2.92, and is based on 11 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $49.58, Sunnova Energy International has a forecasted upside of 7.8% from its current price of $45.98. Sunnova Energy International has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Sunnova Energy International (NYSE:NOVA)

Sunnova Energy International does not currently pay a dividend. Sunnova Energy International does not have a long track record of dividend growth.

Insiders buying/selling: Sunnova Energy International (NYSE:NOVA)

In the past three months, Sunnova Energy International insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $296,840,916.00 in company stock. 91.86% of the stock of Sunnova Energy International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sunnova Energy International (NYSE:NOVA

Earnings for Sunnova Energy International are expected to grow in the coming year, from ($1.69) to ($1.08) per share. The P/E ratio of Sunnova Energy International is -22.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Sunnova Energy International is -22.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Sunnova Energy International has a P/B Ratio of 5.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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