Sunnova downgraded by Goldman Sachs, UBS amid liquidity concerns

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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