How to Buy Sunnova Energy International Stock
Sunnova Energy International Inc
Sunnova Energy International, Inc. engages in providing solar and energy storage services. The company is headquartered in Houston, Texas and currently employs 299 full-time employees.
Sunnova Energy International stock last closed at $3.93, up 0.26% from the previous day, and has decreased 78.86% in one year. It has underperformed other stocks in the Solar industry by 0.23 percentage points. Sunnova Energy International stock is currently +11.65% from its 52-week low of $3.52, and -84% from its 52-week high of $24.56.
At the moment, there are 122.48M shares of NOVA outstanding. The market cap of NOVA is $481.36M. In the last 24 hours, 4.61M NOVA shares were traded.
How to Buy Sunnova Energy International Stock
Wondering how to invest in Sunnova Energy International stock? Here's how.
- Decide where to buy Sunnova Energy International stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Sunnova Energy International stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your payment method and add your details.
- Evaluate Sunnova Energy International stock: The Sunnova Energy International ticker symbol is NOVA. Is Sunnova Energy International stock a good investment? Should you buy shares of NOVA? How do NOVA's underlying business fundamentals look? Do top analysts think Sunnova Energy International is a good buy? Why has NOVA's stock price moved recently? (Hint: Our stock research tools can help you understand if NOVA is a good stock to buy).
- Make your NOVA trade: Decide if you will purchase NOVA shares at the current market price or use a limit order to purchase NOVA stock at a particular price.
- Get the latest scoop on your investment in NOVA: Create a watchlist to track your position in Sunnova Energy International stock.
Step 1: Decide where to buy Sunnova Energy International stock
You will need an online brokerage account to access the NYSE market and buy NOVA shares.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal information so you are able to invest in NOVA today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on the best stock buying app, you need to deposit funds:
Watch the video below if you need help depositing funds into your investment account.
Step 4: Evaluate Sunnova Energy International stock
After you have selected the best place to buy Sunnova Energy International stock, it's critical to evaluate their stock before you buy, so you truly understand the risk and opportunity.
Sunnova Energy International quick stats
Sunnova Energy International Overview
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on NOVA's stock page.
Is NOVA stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NOVA's fair value.
Using relative valuations ratios:
- NOVA may be undervalued based on its P/B ratio of 0.32x, relative to Solar industry P/B ratio of 2.45x
You can do more valuation research on NOVA's stock here.
A look at NOVA Cashflows and Balance Sheet
Negative Health Checks:
- Total NOVA debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the NOVA balance sheet.
- NOVA profit margin has gone down from -29% to -58% in the past year.
- There are more short-term liabilities than short-term assets on the NOVA balance sheet.
- NOVA has $212.83M in cash and short term investments. This is not enough to cover its annual cash burn of $2.07B.
- NOVA has a relatively high debt to equity ratio of 6.03.
- NOVA has cash burn of 2070276000. It does not have sufficient cash and short-term investments to cover this.
Is it a good time to buy NOVA stock, according to analysts?
Out of 11 sell side analysts who monitor NOVA, the consensus analyst rating on NOVA is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest NOVA Analyst Ratings
Kashy Harrison, a bottom 1% analyst from Piper Sandler maintains NOVA with a strong buy rating and lowers their NOVA price target from $26.00 to $14.00, on Mar 11, 2024.
Jordan Levy, a bottom 3% analyst from Truist Securities reiterates NOVA with a strong buy rating and lowers their NOVA price target from $18.00 to $16.00, on Feb 26, 2024.
Donovan Schafer, a bottom 2% analyst from Northland Securities downgrades NOVA to a hold rating and lowers their NOVA price target from $12.00 to $9.00, on Feb 23, 2024.
Sean Morgan, a bottom 13% analyst from Evercore ISI Group maintains NOVA with a buy rating and lowers their NOVA price target from $29.00 to $26.00, on Feb 23, 2024.
Andrew Percoco, a bottom 13% analyst from Morgan Stanley maintains NOVA with a strong buy rating and lowers their NOVA price target from $25.00 to $24.00, on Dec 8, 2023.
You can dive deeper into what analysts are saying on the Sunnova Energy International stock forecast page.
Metrics for Advanced NOVA Traders
NOVA Growth Metrics
Last year, NOVA revenue was $720.65M. In the last 5 year, NOVA's revenue has grown by 47.17% per year. This was faster than the Solar industry average of 24.08%.
Learn more about NOVA's earnings and revenue performance here.
Are NOVA executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at NOVA have bought more shares than they have sold.
Michael P. Grasso, Executive Vice President Chief Revenue Officer of NOVA, was the latest NOVA insider to sell. They sold $43,639.01 worth of NOVA shares on Mar 25, 2024.
Get more info about who owns NOVA stock here.
Does NOVA provide a stable income stream?
No, Sunnova Energy International doesn't provide an income stream by paying out dividends.
NOVA Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your NOVA trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open button and your broker will place your order.
If you need more help with investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in NOVA
Now that you own some NOVA stock, you'll want to keep up with your new investment.
Add NOVA to a watchlist to get notified of important updates regarding your NOVA stock.
NOVA Feed
How to Buy Stock in Sunnova Energy International
To summarize, here are the 6 steps you need to take to buy Sunnova Energy International stock right now:
- Decide where to buy Sunnova Energy International stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Sunnova Energy International stock
- Make your NOVA trade
- Get the latest scoop on your investment in NOVA
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your investment in Sunnova Energy International, create a watchlist on WallStreetZen today.
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