Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Sunnova Rises After Roth Capital Boosts Price Target

Published 28/07/2020, 01:10 am
© Reuters.

By Christiana Sciaudone

Investing.com -  Sunnova Energy rose 8% Monday after Roth Capital boosted its price target on the stock. 

The solar energy service provider’s price target was raised to $28 from $22, The Fly reported, citing Roth Capital analyst Philip Shen, who kept a buy rating on the stock. Sunnova should see faster growth than peers, and for the company to reach the premium multiples seen at Sunrun Inc (NASDAQ:RUN) and Vivint Solar (NYSE:VSLR).  

The Houston-based company has eight buys and no holds or sells, with an average price target of $23.31, according to analysts tracked by Investing.com.

Sunnova reports earnings on Wednesday. Shares have more than tripled since March. 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.