Citi Starts Sunnova (NOVA) at Buy

Citi analyst Ryan Levine initiates coverage on Sunnova (NYSE: NOVA) with a Buy rating and a price target of $26.00.

The analyst commented, "Sunnova is currently a US residential solar power financing platform that is positioned to benefit from rising utility customer bills, IRA support for solar, its strong balance sheet, management capabilities, and ability to leverage platform to expand into new product and services. We initiate with a Buy as the risk reward trade-off is tilted toward the positive."

For an analyst ratings summary and ratings history on Sunnova click here. For more ratings news on Sunnova click here.

Shares of Sunnova closed at $22.51 yesterday.

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