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Roth MKM Maintains Sunnova Energy International(NOVA.US) With Buy Rating, Maintains Target Price $20

Futu News ·  Oct 15 21:31  · Ratings

Roth MKM analyst Philip Shen maintains $Sunnova Energy International (NOVA.US)$ with a buy rating, and maintains the target price at $20.

According to TipRanks data, the analyst has a success rate of 40.1% and a total average return of 6.7% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Sunnova Energy International (NOVA.US)$'s main analysts recently are as follows:

  • The firm notes that seasonal influences have led to softer cash generation in the current quarter, yet it anticipates that the company's financial outlook for 2024 and 2025 will stay consistent.

  • The company's shares are positioned to potentially benefit from declining interest rates, and this factor contributed to robust performance in the third quarter. However, the future direction of rate cuts remains uncertain. As earnings season overlaps with U.S. elections, a cautious approach is recommended for investors considering augmenting their stakes or initiating new investments, with attention advised to be given to 'relative value'. The likelihood of a complete reversal of the Inflation Reduction Act is minimal; nevertheless, policy ambiguity could arise in the event of a Trump victory and Republican advances in Congress.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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