Sunnova Energy (NOVA)

• Market cap: $469M
• 1 day: -6.95%
• 5 days: 16.46%
• 1 month: -39.81%
• 3 months: -55.36%
• 6 months: -22.04%
• Year to date: -75.43%
• 1 year: -64.42%
• 5 years: -65.02%
• 10 years: -66.67%
• Sector: Utilities
• Industry: Electric & Other Services Combined

About: Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades, and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems. It operates in a single reportable segment: solar energy products and services.

Employees: 2,047

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

69% more capital invested

Capital invested by funds: $768M [Q2] → $1.3B (+$531M) [Q3]

17% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 36

3% more funds holding

Funds holding: 208 [Q2] → 214 (+6) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

3.21% less ownership

Funds ownership: 109.75% [Q2] → 106.55% (-3.21%) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 74

22% less call options, than puts

Call options by funds: $69.2M | Put options by funds: $89.1M

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $6 60% upside
• Avg. target: $10.03 167% upside
• High target: $15 300% upside

9 analyst ratings

• positive: 4 44%
• neutral: 5 56%
• negative: 0 0%

Morgan Stanley Andrew Percoco 67% 1-year accuracy 6 / 9 met price target	60% upside $6	Equal-Weight Maintained	15 Nov 2024
BMO Capital Ameet Thakkar 60% 1-year accuracy 6 / 10 met price target	113% upside $8	Market Perform Reiterated	1 Nov 2024
Deutsche Bank Corinne Blanchard 0% 1-year accuracy 0 / 4 met price target	67% upside $6.25	Hold Maintained	1 Nov 2024
Baird Ben Kallo 58% 1-year accuracy 21 / 36 met price target	220% upside $12	Outperform Maintained	1 Nov 2024
Citigroup Vikram Bagri 50% 1-year accuracy 4 / 8 met price target	167% upside $10	Buy Maintained	22 Oct 2024