On November 18, 2024, Akbar Mohamed, a Director at Sunnova Energy International Inc (NOVA, Financial), purchased 104,717 shares of the company. Following this transaction, the insider now holds a total of 352,654 shares in the company. The transaction details can be found in the SEC Filing.
Sunnova Energy International Inc is a leading provider of residential solar and energy storage services. The company offers solar service agreements, which include the installation, maintenance, and monitoring of solar energy systems.
The insider's recent purchase is part of a broader trend over the past year, where Akbar Mohamed has acquired a total of 257,167 shares and has not sold any shares. This activity is set against a backdrop of 3 insider buys and 14 insider sells within the company over the same period.
On the day of the purchase, shares of Sunnova Energy International Inc were trading at $3.72, giving the company a market cap of $429.837 million. The stock's GF Value is estimated at $21.46, resulting in a price-to-GF-Value ratio of 0.17. This suggests that the stock is considered a "Possible Value Trap, Think Twice" based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
