Sunnova Energy price target lowered to $29 from $32 at JPMorgan

JPMorgan analyst Mark Strouse lowered the firm’s price target on Sunnova Energy to $29 from $32 and keeps an Overweight rating on the shares. The analyst reduced near-term estimates for inverter companies with exposure to the U.S. residential market. The firm also reduced price targets to reflect lower investor sentiment across the residential solar space.