Susquehanna analyst Biju Perincheril lowered the firm’s price target on Sunnova Energy to $32 from $34 and keeps a Positive rating on the shares. The firm noted they missed both top- and bottom-line expectations in 2Q’23 due to lower inventory sales as well as higher costs. However, the company is benefiting from the customer shift towards leases/PPAs.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NOVA:
- Sunnova Energy files automatic mixed securities shelf
- Sunnova Energy reports Q2 EPS (74c), consensus (42c)
- Truist expects selloff across resi solar group after SunPower preannouncement
- Roth MKM sustainability analysts to hold an analyst/industry conference call
- What You Missed This Week in EVs and Clean Energy