B. Riley Securities Maintains Buy on Sunnova Energy Intl, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Christopher Souther has maintained a Buy rating on Sunnova Energy Intl (NOVA) but lowered the price target from $21 to $15.

April 22, 2024 | 4:44 pm
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B. Riley Securities maintains a Buy rating on Sunnova Energy Intl but lowers the price target from $21 to $15.
While the maintenance of a Buy rating suggests continued confidence in Sunnova Energy Intl's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors. This mixed signal might lead to short-term uncertainty among investors, potentially causing volatility in NOVA's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100