Form 8-K Sunnova Energy Internati For: Mar 03

Go back to Form 8-K Sunnova Energy Internati For: Mar 03

Sunnova (NOVA) PT Lowered to $0.85 at Morgan Stanley

March 4, 2025 4:29 PM EST

Morgan Stanley analyst Andrew Percoco lowered the price target on Sunnova (NYSE: NOVA) to $0.85 (from $6.00) while maintaining a Equalweight rating.

The analyst comments "NOVA issued a going concern warning following weaker than expected cash generation and an uncertain market outlook. We... More

Mizuho Downgrades Sunnova (NOVA) to Neutral

March 4, 2025 4:02 PM EST

Mizuho analyst Maheep Mandloi downgraded Sunnova (NYSE: NOVA) from Outperform to Neutral with a price target of $1.00.

The analyst comments "We reduce our PT to $1, which we now base on run down valuation of levered cash flows assuming a 15% yield, net... More

Jefferies Reiterates Hold Rating on Sunnova (NOVA)

March 4, 2025 5:44 AM EST

Jefferies analyst Julien Dumoulin-Smith reiterated a Hold rating and $2.00 price target on Sunnova (NYSE: NOVA).

The analyst comments "NOVA reported 4Q earnings, delivering $2mm of cash gen vs. guide of ~$100mm. Cash gen miss was overlooked relative to the added 'going concern'... More

Sunnova (NOVA) PT Lowered to $0.85 at BMO Capital

March 4, 2025 4:36 AM EST

BMO Capital analyst Ameet Thakkar lowered the price target on Sunnova (NYSE: NOVA) to $0.85 (from $4.00) while maintaining a Market Perform rating.

The analyst comments "Uncertainty for residential solar industry is increasing, even excluding potential fate of IRA. NOVA in our view missed an... More

JPMorgan Downgrades Sunnova (NOVA) to Neutral

March 3, 2025 11:29 AM EST

JPMorgan analyst Paul Coster downgraded Sunnova (NYSE: NOVA) from Overweight to Neutral.

The analyst comments "NOVA reported 4Q cash generation below guidance owing to lower volume, timing of ITC transfers, and a portion of tax equity funding in December being classified as restricted. The company stated there is substantial doubt regarding... More