Sunnova Energy price target lowered to $30 from $63 at Guggenheim

Guggenheim analyst Joseph Osha lowered the firm’s price target on Sunnova Energy to $30 from $63 and keeps a Buy rating on the shares following the company’s report last week and what it says were “several lengthy subsequent conversations with the management team.” The firm’s lower target reflects “what we believe is an unnecessarily risky approach to financing growth,” the analyst tells investors.