Sunnova Energy price target raised to $58 from $51 at Roth MKM

Roth MKM analyst Philip Shen raised the firm’s price target on Sunnova Energy to $58 from $51 and keeps a Buy rating on the shares following the company "mixed" Q4 results. The stock closed up yesterday, but has sold off intraday today, noted the analyst, who also points out that while management maintained their 2023 outlook, they also highlighted January originations were up 125% year-over-year and said the trend is continuing. The firm, which said it continues to see "an impressive amount of value in shares," would be buyers at current levels.