Piper Sandler Downgrades Sunnova Energy Intl to Neutral, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Sunnova Energy Intl (NYSE:NOVA) from Overweight to Neutral and lowered the price target from $9 to $4.5.
May 21, 2024 | 9:35 am
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NEGATIVE IMPACT
Piper Sandler downgraded Sunnova Energy Intl from Overweight to Neutral and reduced the price target from $9 to $4.5, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $9 to $4.5 by Piper Sandler suggests a less favorable outlook for Sunnova Energy Intl. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100