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NOVA
Stock ticker: NYSE
AS OF
Dec 20, 04:59 PM (EDT)
Price
$3.69
Change
+$0.32 (+9.50%)
Capitalization
694.49M

NOVA Sunnova Energy International Forecast, Technical & Fundamental Analysis

a company, which engages in providing solar and energy storage services.

Industry
NOVA
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for NOVA with price predictions
Dec 20, 2024

Momentum Indicator for NOVA turns negative, indicating new downward trend

NOVA saw its Momentum Indicator move below the 0 level on December 09, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned negative. In of the 82 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for NOVA turned negative on December 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 50-day moving average for NOVA moved below the 200-day moving average on November 25, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NOVA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NOVA broke above its upper Bollinger Band on November 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for NOVA entered a downward trend on November 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NOVA's RSI Oscillator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NOVA advanced for three days, in of 284 cases, the price rose further within the following month. The odds of a continued upward trend are .

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NOVA
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

NOVA is expected to report earnings to fall 34.36% to -64 cents per share on February 19

Sunnova Energy International NOVA Stock Earnings Reports
Q4'24
Est.
$-0.64
Q3'24
Missed
by $0.43
Q2'24
Beat
by $0.38
Q1'24
Beat
by $0.24
Q4'23
Missed
by $1.27
The last earnings report on October 30 showed earnings per share of -98 cents, missing the estimate of -55 cents. With 13.05M shares outstanding, the current market capitalization sits at 694.49M.
A.I. Advisor
published General Information

General Information

a company, which engages in providing solar and energy storage services.

Industry

Profile
Fundamentals
Details
Industry
N/A
Address
20 East Greenway Plaza
Phone
+1 281 892-1588
Employees
2047
Web
https://www.sunnova.com
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NOVA and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, NOVA has been closely correlated with RUN. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOVA jumps, then RUN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOVA
1D Price
Change %
NOVA100%
+9.79%
RUN - NOVA
82%
Closely correlated
+8.11%
ENPH - NOVA
62%
Loosely correlated
+8.59%
FCEL - NOVA
60%
Loosely correlated
+11.68%
BE - NOVA
57%
Loosely correlated
+5.42%
MAXN - NOVA
57%
Loosely correlated
+12.29%
More

Groups containing NOVA

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOVA
1D Price
Change %
NOVA100%
+9.79%
NOVA
(2 stocks)
93%
Closely correlated
+8.95%
Utilities
(314 stocks)
52%
Loosely correlated
+0.68%