JPMorgan Downgrades Sunnova (NOVA) to Neutral

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

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

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)

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

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

Roth/MKM Downgrades Sunnova (NOVA) to Neutral

Roth/MKM analyst Philip Shen downgraded Sunnova (NYSE: NOVA) from Buy to Neutral.

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 $1.66 yesterday.

Baird Downgrades Sunnova (NOVA) to Neutral

Baird analyst Ben Kallo downgraded Sunnova (NYSE: NOVA) from Outperform to Neutral with a price target of $2.00 (from $9.00).

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 $1.66 yesterday.

CapitalOne Downgrades Sunnova (NOVA) to Equal-weight

CapitalOne analyst Douglas Becker downgraded Sunnova (NYSE: NOVA) from Overweight to Equal-weight with a price target of $3.00.

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 $1.66 yesterday.

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

Sunnova Energy International Inc. (NYSE: NOVA) reported Q4 revenue of $224.1 million versus the consensus estimate of $236.41 million.

Going Concern

Our unrestricted cash, cash flows from operating activities and availability and commitments under existing financing agreements are not sufficient to meet... More