Goldman Sachs Maintains Buy on Sunnova Energy Intl, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee maintains a Buy rating on Sunnova Energy Intl (NOVA) but lowers the price target from $16 to $14.
March 21, 2024 | 3:52 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Sunnova Energy Intl but reduces the price target from $16 to $14.
While the reduction in price target from $16 to $14 by Goldman Sachs could be seen as a negative signal, the maintenance of a Buy rating suggests that the analyst still sees positive potential in NOVA's stock. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the continued endorsement from a reputable analyst could help maintain investor confidence in the longer term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90