Penny Stock Alert: NOVA Joins Solar Energy Rally By Gaining 30%

Sunnova Energy (NOVA) just gave traders something to talk about! In the last trading hour, NOVA shares shot up a whopping 30%, closing at $0.2352 after a wild green candle that broke through some serious resistance levels. If you’ve been watching this one, you know the stock’s been in a rough downtrend for weeks, but today’s action might be the first sign of a turnaround.

Let’s break down what’s happening on the chart. For most of April, NOVA was stuck in a steady decline, with price hugging the lower end of its range. The 20-period EMA (yellow line) and the 50-period EMA (blue line) were both sloping down, showing strong bearish momentum. But today, things changed in a big way.

The price didn’t just cross above the 20 EMA at $0.1970—it also smashed through the 50 EMA at $0.2168, closing well above both moving averages. That’s a big deal for technical traders, since breaking above these key EMAs can signal a shift in momentum. Volume also spiked, suggesting that this move wasn’t just a fluke or a random pop—it had some real buying power behind it.

So, what’s next for NOVA? Bulls will want to see the price hold above those moving averages and maybe even retest them as support. If that happens, we could see more traders jump in, hoping for a bigger reversal. On the flip side, if the price drops back below those EMAs, it might just be another fake-out in a longer downtrend.

Either way, NOVA just woke up from its slump, and all eyes are on what happens next. Strap in—this one could get interesting fast!