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NOVA

Sunnova (NOVA) Teams Up with Home DepotSunnova Energy International Inc. ( NYSE:NOVA ) has embarked on a transformative journey in the realm of renewable energy with its latest partnership announcement. Teaming up with retail giant The Home Depot, Sunnova ( NYSE:NOVA ) aims to revolutionize the accessibility of solar and battery storage services across the United States. This strategic collaboration not only underscores Sunnova's commitment to expanding its customer base but also highlights the growing significance of solar power in the nation's energy landscape. Expanding Reach with Home Depot: The partnership between Sunnova ( NYSE:NOVA ) and Home Depot represents a significant milestone in the journey towards widespread adoption of solar energy solutions. With Sunnova's Adaptive Home energy offerings now available in over 2,000 Home Depot locations, consumers have unprecedented access to cutting-edge solar and battery storage technologies. This expanded reach builds upon the success of previous collaborations between Sunnova and Home Depot, demonstrating a shared commitment to driving innovation and sustainability in the residential energy sector. Seizing Opportunities in the U.S. Solar Market: As the United States accelerates its transition towards renewable energy, the solar industry stands at the forefront of this transformation. With favorable market conditions and declining installation costs, solar power has emerged as a key driver of sustainable energy solutions. Sunnova's strategic positioning within this burgeoning market, coupled with its robust customer base and impressive portfolio of solar assets, positions the company for significant growth opportunities in the years ahead. Competitive Landscape and Peer Comparison: Sunnova's partnership with Home Depot comes amidst a dynamic competitive landscape within the solar industry. Competitors such as Enphase Energy (ENPH), SolarEdge (SEDG), and Canadian Solar (CSIQ) are also actively pursuing expansion strategies to capitalize on the growing demand for solar energy solutions. However, Sunnova's focus on customer-centric offerings and strategic partnerships sets it apart in an increasingly crowded market, positioning the company for sustainable growth and market leadership. Market Performance and Outlook: While Sunnova's ( NYSE:NOVA ) stock performance has faced challenges in the past year, the company's long-term growth prospects remain robust. With a strong foothold in the U.S. solar market and a commitment to innovation and customer satisfaction, Sunnova is well-positioned to capitalize on the growing demand for renewable energy solutions. As the partnership with Home Depot unfolds and Sunnova ( NYSE:NOVA ) continues to expand its reach, investors can expect to see positive momentum in the company's stock performance and overall market presence.
NLong
by DEXWireNews
Nova (NASDAQ:NVMI) Q3: Beats Revenue ExpectationSemiconductor quality control company Nova (NASDAQ: NVMI) reported results ahead of Q3 FY2023, with revenue down 10.5% year on year to $128.8 million. The company also expects next quarter's revenue to be around $127.5 million, in line with analysts' estimates. Turning to EPS, Nova made a non-GAAP profit of $1.23 per share, improving from its profit of $1.10 per share in the same quarter last year. Revenue: $128.8 million vs analyst estimates of $123.1 million (4.6% beat) EPS (non-GAAP): $1.23 vs analyst estimates of $1.09 (13% beat) Revenue Guidance for Q4 2023 is $127.5 million at the midpoint, roughly in line with what analysts were expecting Free Cash Flow of $43.13 million, up 106% from the previous quarter Inventory Days Outstanding: 227, down from 256 in the previous quarter Gross Margin (GAAP): 56.1%, down from 57.1% in the same quarter last year. Semiconductor Manufacturing The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment. Sales Growth Nova's revenue growth over the last three years has been very strong, averaging 30.4% annually. But as you can see below, its revenue declined from $143.9 million in the same quarter last year to $128.8 million. Nova may be headed for an upturn. Although the company is guiding for a year-on-year revenue decline of 15.7% next quarter, we are expecting revenue to grow 4.5% over the next 12 months. The business is much less risky now than it was in the years after going public. The company is a clear market leader in a huge, growing $200 billion market. Its $7 billion of revenue only scratches the surface. Its products are mission critical. Virtually no customers ever left the company. Key Takeaways from Nova's Q3 Results Sporting a market capitalization of $2.91 billion, Nova is among smaller companies, but its more than $116.5 million in cash on hand and positive free cash flow over the last 12 months puts it in an attractive position to invest in growth. We were impressed by Nova's strong improvement in inventory levels. We were also excited its revenue and EPS outperformed Wall Street's estimates, driven by outperformance in its products and services divisions. On top of that, its EPS guidance for next quarter came in above analysts' expectations. Overall, this was a strong quarter that should satisfy shareholders. The stock is up 2.1% after reporting and currently trades at $103.85 per share.
NLong
by DEXWireNews
3
3 green soldiers for NOVA tomorrow?NOVA has been picking up momentum. Nice falling wedge breakout, RSI is very bullish, increasing volume along with 2 strong green candles. I think we get one more green candle tomorrow to complete the 3 green soldiers pattern. Short term PT is $41-$43. Be aware of the quarterly options expiration this Friday though, Max pain is above $35 for puts and below $40 for calls. Might get stuck in-between until next week. Cheers to the free market lol.
NLong
by chaseflores10
Triangle Breakout- long play **Update**Just posting a quick update- all previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH bounced right off its 200-day SMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN - 20-day RSI EMA cross - EMAs Curling (not pictured) - MACD is seemingly about to cross PT1- $176.03 PT2- $182.30 PT3- $189.36+ ------ ------ (Previous Charts) ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play. ------ ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets; is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. *(All Price Targets Reached)*
NASDAQ:ENPHLong
by jacobosiason7
2
SunRun to $82 then $126 and ultimately $172 by Q1 2021SunRun (RUN) has made some amazing gains in the past and it's clearly shown it has broken its downtrend pattern after the merger w/ Vivint Solar (VSLR). Vivint has an amazing management team and was doubling revenue every 2 years. The combination of the 2 companies makes for the world's 3rd largest global owner of solar capacity: www.greentechmedia.com Only 3% of US households have solar installed yet 9 out of 10 desire to have it. The future is bright for VSLR / RUN holders. There is so much upside here that its pretty easy to spot considering the entire world is transitioning to higher proportion of solar energy. The pro-forma company will have: 495k customers combined 3,435 MW cumulative solar installations $592 million of cash on the Balance Sheet Revenue Growth Here is what Revenue Growth will look like over next couple of years as well: 2020: $898m 2021E: $1,292m (44% increase year-over-year) 2022E: $1,483m (15% increase)
NASDAQ:RUNLong
by ich1baN
1
NOVA Three Rising Valleys (bullish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 67% TARGET (EXIT) PRICE = 27.78 USD BREAKOUT (ENTRY) PRICE = 26.23 USD DISTANCE TO TARGET PRICE = 4.99% EMERGED ON = Sep 24, 12:00 PM (EDT) CONFIRMED ON = Sep 24, 01:15 PM (EDT) WITH CONFIDENCE LEVEL = 75% The Three Rising Valleys pattern forms when three minor Lows (1, 3, 5) arranged along an upward sloping trend line. It often appears at the end of a declining trend – an indication that buyers are overtaking sellers, which ultimately pushes the price higher. This type of formation happens when investors shift into buying mode following a consolidation period. Trade idea Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price level by adding the pattern’s height (highest price minus the lowest price within the pattern) to the breakout level (the highest high). When trading, wait for the confirmation move, which is when the price rises above the breakout level. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
NLong
by AlTorress
NOVA in Odd Consolidation Pattern - Trend Breaking? REVERSAL?$NOVA has made a steady climb since the March lows resulting from the COVID Crash. The trend is clearly seen w/ a steady ascent and minimal retraces -- That is, until now. The highlighted square provides a look at how NOVA has broken from a steady trend it maintained for nearly six-months. As to whether this is a full-reversal and trace down to previous marks - It is tough to call, at this point. The entire N.E. sector has been performing **Extremely Well** -- And one might even have been expecting some sort of recoil from NOVA and other hot stocks in the N.E. industry. That said, the window of anomalous behavior is comparatively short in comparison to the overall trend throughout the past six months. Admittedly, while this trader does have a LONG position on the holding, it is tough to say that is with a high degree of confidence. HOWEVER, if a belief is maintained in the overall 6-mo. trend, there is now still a very golden entrance point here. I seldom throw a disclaimer - But this is definitely not... NOT NOT, actual "advice." I am as confounded by its tough trading day as many others surely are, with my fingers crossed that the overall harmonics just provided a buy window, but obviously not a major reversal. This is definitely worth watching to compile better and deeper data about what is going on in this purple square. Right now, I know just as much about deep-sea creatures: which is to say, nothing. This is probably the most uncertain I've felt entering a position, the most gamble-driven...Hopefully, there is profit at the end, instead of "A Lesson." Thanks, and HAPPY TRADING/INVESTING/OR WHATEVER. -BDR
N
by BDRTrigger33
4