B. Riley Securities Maintains Buy on Sunnova Energy Intl, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Christopher Souther has maintained a Buy rating on Sunnova Energy Intl (NOVA) but lowered the price target from $25 to $21.
February 05, 2024 | 8:20 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Sunnova Energy Intl but lowers the price target from $25 to $21.
While the maintenance of a Buy rating suggests continued confidence in Sunnova Energy Intl's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook is likely to support the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90