Piper Sandler Maintains Overweight on Sunnova Energy Intl, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison maintains an Overweight rating on Sunnova Energy Intl (NOVA) but lowers the price target from $26 to $14.
March 11, 2024 | 11:53 am
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Piper Sandler maintains an Overweight rating on Sunnova Energy Intl but reduces the price target from $26 to $14.
The reduction in the price target from $26 to $14 by a reputable analyst firm like Piper Sandler could lead to a negative short-term sentiment among investors, potentially causing a decrease in NOVA's stock price. The Overweight rating indicates a positive outlook on the company's fundamentals, but the significant cut in the price target might overshadow this optimism in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100