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Analysts Offer Insights on Utilities Companies: American Water (AWK), Shell (SHEL) and Sunnova Energy International (NOVA)

Analysts have been eager to weigh in on the Utilities sector with new ratings on American Water (AWKResearch Report), Shell (SHELResearch Report) and Sunnova Energy International (NOVAResearch Report).

American Water (AWK)

J.P. Morgan analyst Richard Sunderland maintained a Hold rating on American Water on February 1 and set a price target of $161.00. The company’s shares closed last Thursday at $160.60.

According to TipRanks.com, Sunderland is a 3-star analyst with an average return of 3.5% and a 56.9% success rate. Sunderland covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, New Jersey Resources, and Southwest Gas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Water with a $164.50 average price target.

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Shell (SHEL)

Bank of America Securities analyst Christopher Kuplent reiterated a Buy rating on Shell today and set a price target of p3100.00. The company’s shares closed last Thursday at $57.63.

Kuplent has an average return of 13.2% when recommending Shell.

According to TipRanks.com, Kuplent is ranked #5629 out of 8323 analysts.

Shell has an analyst consensus of Moderate Buy, with a price target consensus of $67.81, which is a 13.7% upside from current levels. In a report issued on January 20, Piper Sandler also maintained a Buy rating on the stock with a $75.00 price target.

Sunnova Energy International (NOVA)

In a report released today, Pavel Molchanov from Raymond James maintained a Buy rating on Sunnova Energy International. The company’s shares closed last Thursday at $20.82.

Molchanov has an average return of 21.6% when recommending Sunnova Energy International.

According to TipRanks.com, Molchanov is ranked #364 out of 8323 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sunnova Energy International with a $33.15 average price target, representing a 62.1% upside. In a report issued on January 25, Barclays also maintained a Buy rating on the stock with a $31.00 price target.

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