Guinness Asset Management LTD Lowers Position in Sunnova Energy International Inc. (NYSE:NOVA) – SEC Filing Analysis and Price Targets
Are you interested in the latest news in the world of finance and investments? Well, you’re in luck because we have some exciting updates for you! Guinness Asset Management LTD recently made a significant move by lowering its position in Sunnova Energy International Inc. This move caught the attention of many investors and analysts alike.
According to their most recent disclosure with the Securities and Exchange Commission (SEC), Guinness Asset Management LTD sold 288,084 shares of Sunnova Energy International, reducing their position by 17.7%. This decision brought their total ownership down to 1,341,736 shares, valued at $8,222,000. This move by Guinness Asset Management LTD has sparked discussions among other large investors who have also been adjusting their stakes in Sunnova Energy International.
Vanguard Group Inc., for example, increased its holdings in Sunnova Energy International by 2.1% in the fourth quarter, while Electron Capital Partners LLC and Van ECK Associates Corp also made significant changes to their positions. The Healthcare of Ontario Pension Plan Trust Fund and Charles Schwab Investment Management Inc. were among the other investors who adjusted their stakes in the company.
Analysts have been closely monitoring these developments and have set new price targets for Sunnova Energy International. Wells Fargo & Company, KeyCorp, Susquehanna, Janney Montgomery Scott, and The Goldman Sachs Group are among the firms that have provided ratings and price targets for the stock. With a mix of hold, buy, and positive ratings, analysts are keeping a close eye on Sunnova Energy International’s performance.
In terms of trading, Sunnova Energy International saw a 5.4% increase in its stock price, reaching $6.04 during midday trading. The company has had a volatile year, with a low of $3.37 and a high of $24.56. Despite these fluctuations, analysts remain optimistic about the company’s future performance.
Sunnova Energy International recently released its earnings results, beating analysts’ estimates for the quarter. The company reported revenue of $160.90 million, slightly below expectations, but managed to exceed earnings per share estimates. Analysts are now looking ahead to see how Sunnova Energy International will perform in the coming months.
If you’re interested in learning more about Sunnova Energy International and other investment opportunities, be sure to check out MarketBeat’s latest research report on the company. Additionally, MarketBeat offers insights into top-rated analysts’ recommendations and the stocks they are currently advising their clients to buy.
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