RBC Capital analyst Chris Dendrinos maintains $Sunnova Energy International (NOVA.US)$ with a buy rating, and maintains the target price at $9.
According to TipRanks data, the analyst has a success rate of 44.4% and a total average return of 8.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sunnova Energy International (NOVA.US)$'s main analysts recently are as follows:
Sunnova Energy's recent Q3 results did not meet the expected guidance and estimates previously set. The valuation now looks ahead to 2025, with the current assessment deeming the stock as fairly valued when considering the risk/reward balance. The focus remains on the company's performance and execution into the upcoming year.
The firm noted that Sunnova Energy's Q3 report emphasized the company's dedication to generating cash and enhancing its liquidity forecast through capital at the asset level and sales of ITCs.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
