Northland Capital Markets Downgrades Sunnova Energy Intl to Market Perform, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Donovan Schafer downgraded Sunnova Energy Intl (NOVA) from Outperform to Market Perform and reduced the price target from $12 to $9.

February 23, 2024 | 6:32 pm
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Sunnova Energy Intl was downgraded from Outperform to Market Perform by Northland Capital Markets, with a price target reduction from $12 to $9.
The downgrade of Sunnova Energy Intl by a reputable analyst firm like Northland Capital Markets, coupled with a significant reduction in the price target, is likely to negatively impact investor sentiment and the stock price in the short term. Analyst ratings and price targets are closely watched indicators, and negative revisions can lead to a decrease in stock price as market participants adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100