Guggenheim Maintains Buy on Sunnova Energy Intl, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Joseph Osha maintains a 'Buy' rating on Sunnova Energy Intl (NYSE:NOVA) but has lowered the price target from $63 to $30.
August 08, 2023 | 4:49 pm
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Sunnova Energy's price target has been lowered by Guggenheim from $63 to $30, though the 'Buy' rating is maintained.
The lowering of the price target by Guggenheim indicates a potential decrease in the stock's value. However, the maintained 'Buy' rating suggests that the stock is still expected to perform well in the long term. This could lead to short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100