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Behind the Scenes of Sunnova Energy Intl’s Latest Options Trends

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Financial giants have made a conspicuous bearish move on Sunnova Energy Intl. Our analysis of options history for Sunnova Energy Intl NOVA revealed 9 unusual trades.

Delving into the details, we found 22% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $496,534, and 5 were calls, valued at $296,452.

What’s The Price Target?

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $5.0 and $15.0 for Sunnova Energy Intl, spanning the last three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Sunnova Energy Intl’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sunnova Energy Intl’s whale activity within a strike price range from $5.0 to $15.0 in the last 30 days.

Sunnova Energy Intl Option Volume And Open Interest Over Last 30 Days

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Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NOVA PUT SWEEP BULLISH 02/16/24 $10.00 $339.5K 5.0K 2.5K
NOVA CALL SWEEP BEARISH 03/15/24 $10.00 $150.7K 536 1.7K
NOVA PUT TRADE BEARISH 04/19/24 $5.00 $62.3K 6.4K 5.1K
NOVA PUT SWEEP BEARISH 04/19/24 $5.00 $49.1K 6.4K 1.3K
NOVA PUT SWEEP BEARISH 07/19/24 $7.50 $45.5K 1.3K 247

About Sunnova Energy Intl

Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems.

After a thorough review of the options trading surrounding Sunnova Energy Intl, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Sunnova Energy Intl

  • Currently trading with a volume of 3,142,262, the NOVA’s price is down by -0.23%, now at $8.84.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 15 days.

What Analysts Are Saying About Sunnova Energy Intl

2 market experts have recently issued ratings for this stock, with a consensus target price of $19.5.

  • An analyst from B. Riley Securities persists with their Buy rating on Sunnova Energy Intl, maintaining a target price of $21.
  • In a positive move, an analyst from Truist Securities has upgraded their rating to Buy and adjusted the price target to $18.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sunnova Energy Intl options trades with real-time alerts from Benzinga Pro.

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