Sunnova Energy International Inc. (NASDAQ:NOVA) insider Stuart D. Allen sold 28,600 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $23.74, for a total transaction of $678,964.00. Following the sale, the insider now owns 54,009 shares in the company, valued at $1,282,173.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ NOVA traded up $0.70 during mid-day trading on Friday, hitting $25.15. 40,316 shares of the company were exchanged, compared to its average volume of 670,795. The stock has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $14.93. Sunnova Energy International Inc. has a 1-year low of $6.12 and a 1-year high of $25.55.
Sunnova Energy International (NASDAQ:NOVA) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.12). The company had revenue of $42.79 million during the quarter, compared to analysts’ expectations of $42.32 million.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. lifted its holdings in shares of Sunnova Energy International by 143.5% during the first quarter. Ameritas Investment Partners Inc. now owns 2,715 shares of the company’s stock worth $27,000 after purchasing an additional 1,600 shares during the period. Citigroup Inc. raised its position in Sunnova Energy International by 536.8% in the fourth quarter. Citigroup Inc. now owns 2,751 shares of the company’s stock worth $31,000 after acquiring an additional 2,319 shares in the last quarter. Legal & General Group Plc raised its position in Sunnova Energy International by 83.9% in the first quarter. Legal & General Group Plc now owns 4,259 shares of the company’s stock worth $43,000 after acquiring an additional 1,943 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Sunnova Energy International in the fourth quarter worth $79,000. Finally, Two Sigma Investments LP purchased a new position in Sunnova Energy International in the first quarter worth $123,000.
About Sunnova Energy International
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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