NOVA Similar Chart Price Prediction
The price of NOVA is predicted to go up 0.16%, based on the high correlation periods with KWR. The similarity of these two price pattern on the periods is 95.35%.
NOVA
KWR
Up: 0.16%Similarity: 95.35%
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NOVA Analyst's Forecast
Mark Strouse
JP Morgan
Buy
Price Target
$14 → $11
Upside
+242.68%
JPMorgan analyst Mark Strouse lowered the firm's price target on Sunnova Energy to $11 from $14 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the clean energy space. The firm continues to expect the space to remain volatile until there is better clarity into potential Inflation Reduction Act changes, which it believes could drag into the latter half of the year for certain subsectors and incentives. Fundamentally, JPMorgan continues to favor utility-scale over residential given its view that the recent spike in interest rates is relatively more negative for residential, though it notes that utility-scale challenges also remain including permitting and interconnection timing and availability of transformers.
Biju Perincheril
Susquehanna
Buy → Hold
Price Target
$14 → $4.5
Upside
+31.96%
Praneeth Satish
Wells Fargo
Hold
Price Target
$8 → $4
Upside
+2.04%