![]() Despite these challenges, there is still potential for NOVA to achieve customer growth and maintain contract margins, but the upcoming financings and overall market conditions may impact the stock performance in the short term. and the company’s limited exposure to international markets. In conclusion, the downgrade of Sunnova Energy International Inc by BMO Capital is driven by concerns over the challenging residential solar market in the U.S. The downgrade by BMO Capital and the lowered price target likely contributed to the decrease in the stock price. ![]() This reflects a less optimistic outlook for the company’s financial performance in the coming year.Īs of the last check on Friday, NOVA shares were trading lower by 5.5% at $21.33. In light of these factors, the analyst has revised the 2023 earnings per share (EPS) estimate for NOVA to $(1.54) from $(1.49). This indicates that despite the challenges, the company has the potential to sustain positive customer growth and profitability. The analyst firm set a price target for 25.00 expecting NOVA to rise to within. (NOVA) Stock Price, News, Quote & History - Yahoo Finance NOVA - Sunnova Energy International Inc. However, Thakkar does acknowledge that NOVA has the ability to continue driving attractive customer growth across various interest rate cycles while maintaining contract margins. The latest price target for Sunnova Energy Intl ( NYSE: NOVA) was reported by Citigroup on Wednesday, July 19, 2023. The analyst also mentions that residential solar stocks have historically weakened in response to news of debt issuances, and he remains cautious that upcoming financings may further weigh on NOVA’s stock performance. Get Sunnova Energy International Inc (NOVA. This indicates potential challenges in expanding its business in a market that is facing difficulties. Thakkar notes that future additions to NOVA’s dealer count, which currently stands at around 1,400 as of the first quarter of 2023, may result in lower capacity growth per dealer. ![]() The latest closing stock price for Sunnova. and NOVA’s comparatively lower exposure to international markets compared to its peers. Historical daily share price chart and data for Sunnova Energy since 2019 adjusted for splits and dividends. ![]() This downgrade is based on Thakkar’s bearish outlook on the challenging residential solar market in the U.S. BMO Capital analyst Ameet Thakkar has downgraded Sunnova Energy International Inc (NYSE:NOVA) to Market Perform from Outperform with a lowered price target of $25, down from $27. ![]()
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