Pre-earnings options volume in Sunnova Energy (NOVA) is 1.5x normal with calls leading puts 19:5. Implied volatility suggests the market is anticipating a move near 27.0%, or $1.44, after results are released. Median move over the past eight quarters is 14.0%.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOVA:
- Sunnova Energy reports $9.4M in cash, liquid investments
- Sunnova Energy call volume above normal and directionally bullish
- Sunnova Energy price target lowered to $10 from $12 at Citi
- Sunnova Energy price target lowered to $9 from $10 at RBC Capital
- Sunnova Energy price target lowered to $10 from $12 at Barclays