Sunnova Energy International Inc. (NOVA) Misses on Q4 Revenue Estimates, Reports Going Concern
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Go back to Sunnova Energy International Inc. (NOVA) Misses on Q4 Revenue Estimates, Reports Going Concern
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
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
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
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
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
