Sunnova (NOVA) PT Lowered to $14 at Piper Sandler
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Price: $0.22 --0%
Rating Summary:
8 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
8 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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(Updated - March 11, 2024 9:01 AM EDT)
Piper Sandler analyst Kashy Harrison lowered the price target on Sunnova (NYSE: NOVA) to $14.00 (from $26.00) while maintaining a Overweight rating.
The analyst commented, "Reduced PT to $14.00/sh from $26.00/sh as we applied a very large risk factor to future projects with an objective of utilizing a PT inline with GAAP derived TBVPS. We continue to use an NPV model including 7.25% WACC, 0% renewal credit."
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