Sunnova Energy (NOVA)

• Market cap: $392M
• 1 day: -3.98%
• 5 days: -6.55%
• 1 month: -25.24%
• 3 months: -45.86%
• 6 months: -56.93%
• Year to date: -21.50%
• 1 year: -68.82%
• 5 years: -74.51%
• 10 years: -72.09%
• 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)

59% more capital invested

Capital invested by funds: $827M [Q2] → $1.31B (+$486M) [Q3]

39% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 31

5% more funds holding

Funds holding: 209 [Q2] → 219 (+10) [Q3]

0% more funds holding in top 10

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

9% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 75

9.09% less ownership

Funds ownership: 117.09% [Q2] → 108.0% (-9.09%) [Q3]

23% less call options, than puts

Call options by funds: $69.2M | Put options by funds: $89.7M

Research analyst outlook

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

• Low target: $4 27% upside
• Avg. target: $6.83 117% upside
• High target: $11 250% upside

10 analyst ratings

• positive: 3 30%
• neutral: 7 70%
• negative: 0 0%

Susquehanna Biju Perincheril 39% 1-year accuracy 28 / 71 met price target	43% upside $4.50	Neutral Downgraded	10 Jan 2025
Wells Fargo Praneeth Satish 54% 1-year accuracy 7 / 13 met price target	27% upside $4	Equal-Weight Maintained	8 Jan 2025
TD Cowen Jeff Osborne 75% 1-year accuracy 3 / 4 met price target	59% upside $5	Hold Initiated	19 Dec 2024
Baird Ben Kallo 44% 1-year accuracy 17 / 39 met price target	187% upside $9	Outperform Maintained	18 Dec 2024
Goldman Sachs Brian Lee 38% 1-year accuracy 31 / 82 met price target	250% upside $11	Buy Maintained	17 Dec 2024