Barclays analyst Christine Cho lowered the firm’s price target on Sunnova Energy to $10 from $12 and keeps an Overweight rating on the shares. The firm says that while cash generation is seasonally soft this quarter, it expects the company’s 2024 and 2025 outlook to remain unchanged.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOVA:
- Sunnova Energy attractive on risk-reward basis, says Roth MKM
- Sunnova Energy call volume above normal and directionally bullish
- Charged: Tesla under pressure following ‘Cybercab’ unveiling
- Sunnova Energy price target raised to $10 from $9 at BMO Capital
- Sunnova Energy initiated with a Buy at Jefferies