Wall Street brokerages expect Sunnova Energy International Inc. (NYSE:NOVA) to announce sales of $47.67 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Sunnova Energy International’s earnings. The lowest sales estimate is $44.95 million and the highest is $50.90 million. Sunnova Energy International reported sales of $36.62 million in the same quarter last year, which would suggest a positive year over year growth rate of 30.2%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, October 28th.
According to Zacks, analysts expect that Sunnova Energy International will report full-year sales of $164.54 million for the current year, with estimates ranging from $158.60 million to $169.70 million. For the next year, analysts forecast that the business will report sales of $223.91 million, with estimates ranging from $211.60 million to $247.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Sunnova Energy International.
Sunnova Energy International (NYSE:NOVA) last announced its earnings results on Wednesday, July 29th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.12). The firm had revenue of $42.79 million during the quarter, compared to analysts’ expectations of $42.32 million. Sunnova Energy International had a negative net margin of 106.01% and a negative return on equity of 23.98%.
NOVA has been the topic of a number of research analyst reports. JMP Securities increased their price objective on shares of Sunnova Energy International from $43.00 to $55.00 and gave the company a “market outperform” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Sunnova Energy International in a research note on Wednesday, September 23rd. B.Riley Securit reiterated a “buy” rating on shares of Sunnova Energy International in a research note on Tuesday, September 22nd. Piper Sandler initiated coverage on shares of Sunnova Energy International in a research note on Wednesday, October 7th. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, Raymond James increased their price objective on shares of Sunnova Energy International from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Six equities research analysts have rated the stock with a buy rating, Sunnova Energy International presently has an average rating of “Buy” and a consensus price target of $37.60.
Shares of NOVA stock opened at $28.37 on Friday. Sunnova Energy International has a twelve month low of $6.12 and a twelve month high of $33.01. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of $2.41 billion, a PE ratio of -14.33 and a beta of 1.36.
About Sunnova Energy International
Sunnova Energy International Inc provides residential solar and energy storage services in the United States. The company offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. It operates a fleet of residential solar energy systems with a generation capacity of approximately 572 megawatts serving approximately 80,000 customers.
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