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The solar energy service provider, serving customers across US states and territories, is held by 485 funds or institutions. The average portfolio weight for Sunnova increased by 34.3%, with institutional shares up by 5.57% to 145,415K shares.
The put/call ratio for NOVA stands at a bearish 1.74, as per Citigroup. Major stakeholders BNP Paribas (OTC:BNPQY) Asset Management Holding and Handelsbanken Fonder AB, holding 9.80% and 5.07% ownership respectively, along with Amundi representing a 4.41% ownership in the company have increased their portfolio allocations in NOVA.
InvestingPro data shows that Sunnova has a market cap of $1.24 billion.
Despite these challenges, Sunnova continues to strive towards powering energy independence as a leading residential solar and energy storage service provider. The advanced quantitative models used by Fintel predict a non-GAAP EPS of -1.26 for the company, further emphasizing the potential growth in the coming year.
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