On November 19, 2024, Akbar Mohamed, Director at Sunnova Energy International Inc (NOVA, Financial), purchased 50,000 shares of the company. Following this transaction, the insider now owns a total of 402,654 shares. 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, as over the past year, Akbar Mohamed has acquired a total of 307,167 shares and has not sold any shares. In contrast, the overall insider transaction history for Sunnova Energy International Inc shows 6 insider buys and 14 insider sells over the past year.
On the day of the recent purchase, shares of Sunnova Energy International Inc were trading at $3.56, giving the stock a market cap of $546.044 million. The company'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 based on 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.
