TD Cowen lowered the firm’s price target on Sunnova Energy (NOVA) to 20c from 60c and keeps a Hold rating on the shares. The firm said since announcing its going concern warning in early March, the company has started restructuring negotiations with creditors to address corporate maturities, though uncertainty remains on whether the company will move forward with an out-of-court restructuring or bankruptcy.
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Read More on NOVA:
- Cautious Hold Rating on Sunnova Energy Amid Restructuring Uncertainty and Financial Strain
- Sunnova Energy price target lowered to 25c from 50c at Susquehanna
- Sunnova Energy Appoints New Independent Directors
- Sunnova Energy Extends CAO’s Employment Until September 2025
- Sunnova Faces NYSE Non-Compliance Notice
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