Sunnova Energy International shares are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $35 to $42.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on Sunnova Energy International and raised its price target from $35 to $42. This has led to a rise in Sunnova's share prices.
July 17, 2023 | 4:30 pm
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POSITIVE IMPACT
Sunnova Energy's stock price is likely to increase in the short term due to Morgan Stanley's Overweight rating and raised price target.
Analyst ratings and price targets significantly influence stock prices. Morgan Stanley's Overweight rating indicates a positive outlook for Sunnova Energy, and the raised price target from $35 to $42 suggests a potential upside. This is likely to attract investors, leading to increased demand for the stock and a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100