Sunnova Energy International’s (NASDAQ:NOVA) lock-up period will expire on Tuesday, January 21st. Sunnova Energy International had issued 14,000,000 shares in its public offering on July 25th. The total size of the offering was $168,000,000 based on an initial share price of $12.00. After the expiration of Sunnova Energy International’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
A number of analysts have weighed in on NOVA shares. Zacks Investment Research cut Sunnova Energy International from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. LADENBURG THALM/SH SH started coverage on Sunnova Energy International in a research report on Monday, January 6th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, KeyCorp upped their price target on Sunnova Energy International from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Sunnova Energy International has a consensus rating of “Buy” and an average price target of $14.89.
Shares of NASDAQ:NOVA opened at $12.32 on Tuesday. The company has a fifty day moving average of $11.01. Sunnova Energy International has a fifty-two week low of $8.01 and a fifty-two week high of $12.46.
In other Sunnova Energy International news, Director Anne S. Andrew acquired 15,000 shares of Sunnova Energy International stock in a transaction on Wednesday, November 13th. The shares were bought at an average price of $9.91 per share, with a total value of $148,650.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $148,650. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
A number of institutional investors have recently bought and sold shares of NOVA. Handelsbanken Fonder AB acquired a new position in Sunnova Energy International in the third quarter worth $28,077,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Sunnova Energy International in the third quarter worth $6,289,000. Phoenix Holdings Ltd. acquired a new position in Sunnova Energy International in the third quarter worth $4,103,000. Handelsinvest Investeringsforvaltning acquired a new position in Sunnova Energy International in the third quarter worth $1,753,000. Finally, State Street Corp acquired a new position in Sunnova Energy International in the third quarter worth $1,524,000.
Sunnova Energy International Company Profile
Sunnova Energy International Inc focuses on operating as a holding company for Sunnova Energy Corporation that provides residential solar and energy storage services in the United States, Puerto Rico, and the Northern Mariana Islands. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization, and diagnostics.
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