Baird analyst Ben Kallo designated Sunnova energy as a bullish Fresh Pick as he said the narratives of weakening demand and difficulty accessing capital have been overdone in our view, and we believe the company is set up for a strong quarter despite recent macro concerns. He said Sunnova is the most shorted stock is the most shorted stock within our coverage and we believe is set up for a short squeeze following Q1 results. Kallo maintans his Outperform rating and $44 price target on Sunnova shares.
Published first on TheFly
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