Goldman Sachs analyst Brian Lee lowered the firm’s price target on Sunnova Energy (NOVA) to $11 from $12 and keeps a Buy rating on the shares as part of a broader research note on Solar names. The firm notes that there has been some modest consolidation, with residential installers such as Sunnova focused on cash generation and likely to benefit from weaker installers exiting the market voluntarily or due to insolvency, the analyst tells investors in a research note.
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