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NOVA

Sunnova Energy International Inc.

https://www.sunnova.com

Industry

Solar

Sunnova Energy International Inc. provides residential energy services in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 customers. Sunnova Energy International Inc. was incorporated in 2012 and is headquartered in Houston, Texas.

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Truist Securities analyst Jordan Levy has upgraded Sunnova Energy International (NOVA) from Hold to Buy and increased the price target from $10 to $18.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:51 am

Susquehanna analyst Biju Perincheril downgraded Plug Power Inc (PLUG) and SunPower Corporation (SPWR), citing financing concerns and slow recovery respectively. PLUG was downgraded to Neutral with a price target of $4.50 due to delays in green hydrogen production facility buildout and securing funding, leading to reduced revenue and EPS forecasts. SPWR was downgraded to Neutral with a price target of $4.00 due to slow recovery in California and financial position concerns, resulting in lowered customer additions and EBITDA forecasts. PLUG shares fell by 7.30% and SPWR shares by 8.10%.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 8:34 pm

Mizuho analyst Maheep Mandloi reaffirmed a Buy rating on Sunnova Energy Intl (NYSE:NOVA) and increased the price target from $20 to $25, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:54 pm

Compugen Ltd. (CGEN) shares soared by over 200% after Gilead Sciences announced an exclusive licensing agreement for Compugen's pre-clinical immunotherapy program. Other stocks also moved significantly in Tuesday's mid-day session, with various companies experiencing gains due to positive developments such as FDA approvals, business accreditations, and favorable analyst upgrades. Conversely, some stocks fell sharply due to negative events like pricing of public offerings, discontinuation of joint development programs, and unfavorable patent litigation outcomes.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 6:34 pm

Sunnova Energy's stock (NOVA) is trading higher following an upgrade from Piper Sandler, changing its rating from Neutral to Overweight and increasing the price target from $13 to $26.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:49 pm

Piper Sandler analyst Kashy Harrison upgraded Sunnova Energy Intl (NYSE:NOVA) from Neutral to Overweight and increased the price target from $13 to $26.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 11:49 am

Goldman Sachs downgraded SunPower Corp (SPWR) to Sell with a price target of $4 due to doubts about its ability to continue operations, causing its shares to drop 35%. Despite this, Goldman Sachs remains positive on the solar sector, upgrading Sunnova Energy (NOVA) to Buy and Canadian Solar (CSIQ) to Neutral. Enphase Energy (ENPH) retains a Buy rating with a significant upside potential, while SolarEdge Technologies (SEDG) was downgraded to Sell. Sunrun (RUN) and First Solar (FSLR) maintained their Buy ratings, but their shares fell. The Invesco Solar ETF (TAN) is down around 35% this year.

Portfolio Pulse from Neil Dennis

December 18, 2023 | 8:33 pm

Goldman Sachs analyst Brian Lee has upgraded Sunnova Energy International (NOVA) from Neutral to Buy and set a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:03 pm

Jabil Inc. reported Q1 earnings with revenue of $8.39 billion, surpassing estimates, and an adjusted EPS of $2.60, causing its shares to rise by 5%. Other stocks also saw gains, including Redfin, Sunnova Energy, Wayfair, Sunrun, Moderna, Pacific Biosciences, Alector, Opendoor Technologies, Enphase Energy, Align Technology, Gold Fields, Alcoa, First Solar, Lucid Group, Citizens Financial Group, Rivian Automotive, Pool Corporation, RH, Regions Financial Corporation, and The Carlyle Group. Moderna's stock climbed after announcing positive study data with Merck, while Pacific Biosciences was initiated with an Overweight rating by Stephens & Co. Alector received an upgrade from Stifel, and Align Technology got an updated license from Health Canada. Alcoa was approved for continued mining, and Rivian signed a deal with AT&T.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:15 pm

Sunnova Energy International has reiterated its commitment to ethical practices and improved customer service in response to recent media reports. The company also expressed its support for the Department of Energy's Project Hestia, which aims to advance the integration of distributed energy resources.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:31 am

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