Goldman Sachs Maintains Buy on Sunnova Energy Intl, Lowers Price Target to $12
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 $14 to $12.

April 11, 2024 | 1:11 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Sunnova Energy Intl but reduces the price target from $14 to $12.
While the reduction in price target could suggest a more conservative outlook on NOVA's short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100