Sunnova Energy International Insider Sells $33,672 in Stock in 2023.
March 29, 2023
Trending News ☀️
Sunnova Energy International ($NYSE:NOVA) Inc., a leading provider of residential solar energy, has seen an insider sell off $33,672 worth of stock, according to filings with the U.S. Securities and Exchange Commission. Sunnova Energy International Inc. has been steadily growing its solar energy offerings over the past few years through several acquisitions and collaborations. The company has seen a surge in interest in its services during this period and the stock has experienced steady upward momentum as well.
The sale of these shares by the insider is likely to be beneficial for the company’s performance in the future as the funds will be used to finance further expansion. Sunnova Energy International Inc. remains a promising option for investors looking for exposure to the residential solar industry.
Stock Price
On Tuesday, Sunnova Energy International Inc. saw a 2.8% decrease in its stock price, opening at $13.2 and closing at $12.7. This decrease in price comes after an insider sold $33,672 in stock on the same day. Despite the sudden sale, Sunnova Energy International Inc. has seen mostly positive media exposure thus far.
Going forward, investors will be keeping an eye on the stock to determine if the insider’s sale is indicative of a downward trend or is simply an isolated event. Although the market may have responded to the sale, it is important to note that it is in line with company policy and has been documented in the Securities and Exchange Commission’s daily listing of company insider trades. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NOVA. More…
| Total Revenues | Net Income | Net Margin |
| 557.69 | -161.64 | -29.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NOVA. More…
| Operations | Investing | Financing |
| -333.43 | -1.98k | 2.47k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NOVA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.34k | 6.45k | 11.08 |
Key Ratios Snapshot
Some of the financial key ratios for NOVA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 61.8% | – | -3.3% |
| FCF Margin | ROE | ROA |
| -215.5% | -0.9% | -0.1% |
Analysis
At GoodWhale, we have conducted an extensive analysis of SUNNOVA ENERGY INTERNATIONAL’s financials. Based on our Risk Rating, SUNNOVA ENERGY INTERNATIONAL is a medium risk investment from a financial and business perspective. After carefully examining the balance sheet, cashflow statement, and financial journal, we have identified 3 risk warnings that we recommend our registered users check out. With this information, our registered users will be able to make a more informed decision when it comes to investing in SUNNOVA ENERGY INTERNATIONAL. More…
Peers
Sunnova Energy International Inc is one of the leading solar panel manufacturers in the world. The company has a strong presence in the United States, Canada, Europe, and Asia. Sunnova has a wide range of products that cater to both residential and commercial customers. The company has a strong R&D team that constantly innovates and brings out new products to the market. Sunnova has a strong brand name and is known for its quality products. Sunnova’s main competitors are Canadian Solar Inc, Green Energy Group Inc, United Renewable Energy Co Ltd. These companies are also leading manufacturers of solar panels and have a strong presence in the global market.
– Canadian Solar Inc ($NASDAQ:CSIQ)
Canadian Solar Inc. is a renewable energy company that specializes in the design, development, manufacture, and sale of solar power products. The company has a market capitalization of $1.91 billion and a return on equity of 9.55%. Canadian Solar Inc. is headquartered in Guelph, Ontario, Canada.
– Green Energy Group Inc ($OTCPK:GRYG)
As of 2022, United Renewable Energy Co Ltd has a market cap of 34.65B and a Return on Equity of 2.02%. The company is engaged in the business of renewable energy, including the development, manufacture, and sale of solar cells, modules, and systems.
Summary
Sunnova Energy International Inc. has recently seen an insider sell off of $33,672 in stock in 2023. The company has seen mostly positive media exposure and is continuing to grow in popularity as an investment option. Analysts note that the company’s financial prospects look positive, with increasing revenue, earnings and cash flow. Sunnova’s focus on residential solar systems, battery storage and energy services, has earned them recognition as a leader in the renewable energy space.
Investors have been drawn to the company’s strong industry partnerships, technological advancements and flexible financing options, which offer customers the ability to finance their system with minimal upfront cost. Moreover, Sunnova’s commitment to customer service, transparency and quality control make it an attractive investment for those looking for long-term returns.
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