Should Investors Trust The Upside Potential In Sunnova Energy International Inc (NOVA)?

money audit

Sunnova Energy International Inc (NYSE:NOVA) currently has a daily average trading volume of 12.59M but it saw 38677058 shares traded in last market. With a market cap of 65.04M USD, the company’s current market price of $0.52 came falling about -6.09 while comparing to the previous closing price of $0.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.00 and as low as $0.47.

Taking a look at 20-day trading activity of Sunnova Energy International Inc (NOVA) gives us an average price of $1.7081, while its current price level is -96.00% below from 52-week high level whereas it is 9.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.6838 while that of 200 days or SMA-200 reads an average of $5.7215. A closer look into the stock’s movement over the week reveals that its volatility is standing at 36.44% during that period while stretching the period over a month that decreases to 15.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 15.84 which implies that the stock is in oversold territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Mizuho which downgraded the stock as “Neutral” in its note to investors issued on March 05, 2025, recommending a price target of between $11 and $1 for it. Barclays downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on March 05, 2025 while assigning a price target range of $9-$1. Wells Fargo also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $4 and $0.50.

Over the week, NOVA’s stock price is moving -69.77% down while it is -78.78% when we observe its performance for the past one month. Year-to-date it is -84.84% down and over the past year, the stock is showing a downside performance of -92.46%.

Currently, Sunnova Energy International Inc’s total number of outstanding shares is 125.07M with 2.84% of that held by the insiders while 105.44% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -3.69% and return on equity (ROE) at -21.91%. Stock’s beta reads 2.73. Stock has a price to book (P/B) ratio of 0.04 while price to sale or P/S ratio amounts to 0.08. Its return on asset (ROA) is -2.98% on average.