Sunnova Energy price target raised to $14 from $10 at Scotiabank

Scotiabank raised the firm’s price target on Sunnova Energy to $14 from $10 and keeps an Outperform rating on the shares. Results for Q2 are an “excellent” proof point of the strategy the company launched last quarter, the analyst tells investors. For long-term, the firm sees the potential for a more capital light model as the company laid out in Q1.