Analyst Expectations for Sunnova Energy Intl's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 19 Wall Street analysts have provided ratings for Sunnova Energy Intl (NYSE:NOVA), with 6 bullish, 8 somewhat bullish, and 5 indifferent. The average price target is $20.45, representing an implied upside from the current price of $12.37. This target has decreased by 25.83% from the previous target of $27.57. Analysts typically review stocks quarterly and may adjust their predictions based on various factors.
December 08, 2023 | 2:00 pm
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POSITIVE IMPACT
Analysts have a generally positive outlook on NOVA with an average price target of $20.45, suggesting a significant upside from the current price of $12.37. The recent decrease in the target price may reflect adjustments in expectations.
The consensus among analysts suggests optimism, with a majority giving bullish or somewhat bullish ratings. The average price target indicates a substantial upside, which could positively influence investor sentiment and potentially drive the stock price up in the short term. The reduction in the average price target may have already been priced in, as it reflects a decrease in expectations, but the overall positive outlook remains a key driver.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100