In a report released today, Julien Dumoulin Smith from Merrill Lynch initiated coverage with a Buy rating on Sunnova Energy International Inc (NOVA) and a price target of $15. The company’s shares closed last Monday at $11.21.
According to TipRanks.com, Smith is a 4-star analyst with an average return of 3.3% and a 58.2% success rate. Smith covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Alliant Energy Corp.
Currently, the analyst consensus on Sunnova Energy International Inc is a Moderate Buy with an average price target of $15.
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The company has a one-year high of $12 and a one-year low of $10.51. Currently, Sunnova Energy International Inc has an average volume of 654.2K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NOVA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sunnova Energy International, Inc. engages in providing solar and energy storage services. It also offers services to customers who purchased their solar energy system through unaffiliated third parties. The company was founded in January, 2013 and is headquartered in Houston, TX.
