One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Sunnova Energy International Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Sunnova Energy International Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

In this article, we go over a few key elements for understanding Sunnova Energy International Inc’s stock price such as:

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• Stock price momentum as measured by its relative strength

About Sunnova Energy International Inc (NOVA)

Before we jump into Sunnova Energy International Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Sunnova Energy International Inc. is a residential solar and energy storage service provider to customers across the United States. The Company offers residential solar dealer model in which it partners with local dealers who originate, design and install its customers' solar energy systems and energy storage systems on its behalf. The Company provides energy resiliency and reliability to solar plus energy storage customers through energy storage technology. The Company services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization for the customer (for both supply and demand), the ability to switch power sources among the solar panel, grid and energy storage system, as appropriate, and diagnostics. It also offers ongoing energy services to customers who purchased their solar energy system through third parties. It serves approximately 195,000 customers in more than 25 United States and territories.

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Sunnova Energy International Inc’s Stock Price as of Market Close

As of February 15, 2023, 4:00 PM CST, Sunnova Energy International Inc’s stock price was $18.49.

Sunnova Energy International Inc is up 5.48% from its previous closing price of $17.53.

During the last market session, Sunnova Energy International Inc’s stock traded between $16.54 and $17.61. Currently, there are 114.82 million shares of Sunnova Energy International Inc stock available for purchase.

Unfortunately, Sunnova Energy International Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Sunnova Energy International Inc Stock Price History

Sunnova Energy International Inc’s (NOVA) price is currently down 5.08% so far this month.

During the month of February, Sunnova Energy International Inc’s stock price has reached a high of $21.04 and a low of $16.52.

Over the last year, Sunnova Energy International Inc has hit prices as high as $31.47 and as low as $12.47. Year to date, Sunnova Energy International Inc’s stock is down 33.78%.

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What Caused Sunnova Energy International Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 14, 2023, there was 1 analyst who downgraded Sunnova Energy International Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Sunnova Energy International Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Sunnova Energy International Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sunnova Energy International Inc (NOVA) by visiting AAII Stock Evaluator.

Relative Price Strength of Sunnova Energy International Inc

Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of February 14, 2023, Sunnova Energy International Inc has a weighted four-quarter relative price strength of 0.21%, which translates to a Momentum Score of 52 and is considered to be Average.

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Sunnova Energy International Inc Stock Price: Bottom Line

As of February 15, 2023, Sunnova Energy International Inc’s stock price is $18.49, which is up 5.48% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Sunnova Energy International Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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