Sunnova Energy price target raised to $29 from $27 at Barclays

Barclays raised the firm’s price target on Sunnova Energy to $29 from $27 and keeps an Overweight rating on the shares. The impact of declining equipment prices will likely be a large theme this quarter for the solar residential installers, the analyst tells investors in a research note. The firm says those with large inventories will see lower margins and potential write-downs.