Wells Fargo Downgrades Sunnova Energy Intl to Equal-Weight, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish downgraded Sunnova Energy Intl (NOVA) from Overweight to Equal-Weight and reduced the price target from $11 to $6.
April 19, 2024 | 11:37 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo downgraded Sunnova Energy Intl to Equal-Weight and lowered its price target to $6.
The downgrade by a major financial institution like Wells Fargo, accompanied by a significant reduction in the price target, is likely to negatively impact investor sentiment towards NOVA in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100