Sunnova May Face Labor & Operational Risks In Dealer Business Model Amid Policy Uncertainty: Analyst Sees Lower NPV
Portfolio Pulse from Nabaparna Bhattacharya
KeyBanc Capital Markets analyst Sophie Karp has reiterated the Overweight rating on Sunnova Energy International Inc. (NOVA), but lowered the price target from $39 to $31 due to a decrease in 2023-2025 estimates. The reduction is based on 2Q results and market conditions. Karp highlights labor and operational risks within the dealer business model and policy uncertainty at federal and local levels. Despite these risks, Karp believes NOVA's current levels provide an attractive entry point for investors.
August 17, 2023 | 6:42 pm
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Sunnova Energy's price target has been lowered from $39 to $31 by KeyBanc Capital Markets due to decreased 2023-2025 estimates. Despite labor and operational risks, the analyst sees NOVA's current levels as an attractive entry point for investors.
The lowering of the price target for NOVA by KeyBanc Capital Markets is due to decreased 2023-2025 estimates, which could negatively impact investor sentiment. However, the analyst still sees the current levels as an attractive entry point for investors, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100