Opinions
The Panic-Proof Portfolio (Stockchase Research)
Sunnova Energy International Inc.
NOVA-N
PAST TOP PICK
Feb 06, 2024
$8.650
Stock price when the opinion was issued
Energy
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
As US solar panel installations hit an all time high in 2023, further growth is expected as interest rates abate. NOVA is a Texas-based residential solar and energy storage services company. Analysts at Piper Sandler just upgraded the company. Cash reserves are growing, while debt is aggressively retired. It trades at 1.3x book value. We recommend a stop-loss at $10, looking to achieve $20 -- upside potential of 25%. Yield 0%
(Analysts’ price target is $19.81)
Energy
Our PAST TOP PICK with NOVA has triggered its stop at $10. To remain disciplined, we recommend covering the position at this time.