Northland Capital Markets Starts Sunnova (NOVA) at Outperform

May 18, 2022 7:57 AM EDT
Get Alerts NOVA Hot Sheet
Price: $29.38 +4.70%

Rating Summary:
    19 Buy, 3 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 40 | New: 22
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Northland Capital Markets analyst Abhishek Sinha initiates coverage on Sunnova (NYSE: NOVA) with a Outperform rating and a price target of $30.00.

The analyst comments "We are initiating coverage on NOVA with an Outperform rating and a $30 price target. We believe NOVA offers a compelling entry point for investors looking for exposure to the residential solar market. In our view, NOVA is a high-quality business with very strong and dependable cash flows. The company has a well-oiled dealership-based business model which is ready to burgeon with the growing solar demand."

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 $16.24 yesterday.

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