Sunnova Energy price target lowered to $31 from $35 at Barclays

Barclays analyst Christine Cho lowered the firm’s price target on Sunnova Energy to $31 from $35 and keeps an Overweight rating on the shares. While the dealer-only solar model has its pros and cons, the benefits outweigh the disadvantages this year as it provides Sunnova more flexibility to withdraw and enter markets, the analyst tells investors in a research note. The firm expects the company to take back market share.