Evercore ISI Group Maintains Outperform on Sunnova Energy Intl, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Sean Morgan maintains an Outperform rating on Sunnova Energy Intl (NOVA) but lowers the price target from $26 to $17.

May 03, 2024 | 4:17 pm
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Evercore ISI Group maintains an Outperform rating on Sunnova Energy Intl but reduces the price target from $26 to $17.
The reduction in the price target by Evercore ISI Group, despite maintaining an Outperform rating, suggests a recalibration of expectations for Sunnova Energy Intl's stock performance. This adjustment could lead to short-term negative sentiment among investors, as the new target represents a downward revision. However, the continued Outperform rating indicates underlying confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100