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Sunnova Energy International (NOVA) Stock Forecast & Price Target

Sunnova Energy International logo
$5.14 -0.20 (-3.75%)
(As of 02:34 PM ET)

Sunnova Energy International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
9
Buy
13

Based on 23 Wall Street analysts who have issued ratings for Sunnova Energy International in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 1 has given a sell rating, 9 have given a hold rating, and 13 have given a buy rating for NOVA.

Consensus Price Target

$10.73
108.68% Upside
According to the 23 analysts' twelve-month price targets for Sunnova Energy International, the average price target is $10.73. The highest price target for NOVA is $17.00, while the lowest price target for NOVA is $3.50. The average price target represents a forecasted upside of 108.68% from the current price of $5.14.
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NOVA Analyst Ratings Over Time

TypeCurrent Forecast
11/27/23 to 11/26/24
1 Month Ago
10/28/23 to 10/27/24
3 Months Ago
8/29/23 to 8/28/24
1 Year Ago
11/27/22 to 11/27/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
13 Buy rating(s)
14 Buy rating(s)
16 Buy rating(s)
18 Buy rating(s)
Hold
9 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$10.73$12.11$15.26$22.86
Forecasted Upside108.68% Upside128.83% Upside41.95% Upside124.56% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

NOVA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NOVA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Sunnova Energy International Stock vs. The Competition

TypeSunnova Energy InternationalOils/Energy CompaniesS&P 500
Consensus Rating Score
2.52
2.63
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside112.82% Upside1,602.76% Upside6.94% Upside
News Sentiment Rating
Positive News

See Recent NOVA News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/22/2024Piper Sandler
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$8.00 ➝ $4.50-2.17%
11/15/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$12.00 ➝ $6.00+49.25%
11/8/2024BNP Paribas
3 of 5 stars
M. Sutton
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DowngradeNeutral ➝ Underperform$3.50-3.98%
11/7/2024Guggenheim
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J. Osha
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DowngradeBuy ➝ Neutral
11/4/2024Wolfe Research
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S. Fleishman
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DowngradeStrong-Buy ➝ Hold
11/1/2024BMO Capital Markets
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 Reiterated RatingMarket Perform ➝ Market Perform$10.00 ➝ $8.00+34.45%
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11/1/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$9.00 ➝ $6.25+2.46%
11/1/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$18.00 ➝ $12.00+97.69%
10/22/2024Citigroup
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 Lower TargetBuy ➝ Buy$12.00 ➝ $10.00+87.97%
10/16/2024Barclays
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 Lower TargetOverweight ➝ Overweight$12.00 ➝ $10.00+61.29%
10/10/2024Jefferies Financial Group
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 Initiated CoverageBuy$15.00+118.34%
8/6/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$10.00 ➝ $14.00+93.10%
8/6/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$6.00 ➝ $9.00+16.58%
8/5/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$9.00 ➝ $10.00+27.71%
8/2/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$10.00 ➝ $13.00+60.49%
8/2/2024Susquehanna
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 Boost TargetPositive ➝ Positive$12.00 ➝ $14.00+69.49%
7/29/2024Truist Financial
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 Boost TargetBuy ➝ Buy$9.00 ➝ $10.00+24.38%
5/3/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$26.00 ➝ $17.00+251.97%
4/23/2024KeyCorp
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 DowngradeOverweight ➝ Sector Weight
4/22/2024B. Riley
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 Lower TargetBuy ➝ Buy$21.00 ➝ $15.00+290.62%
4/19/2024Mizuho
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 Lower TargetBuy ➝ Buy$21.00 ➝ $17.00+340.41%
3/22/2024Janney Montgomery Scott
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 UpgradeNeutral ➝ Buy$12.00+111.08%
2/23/2024Northland Securities
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 Reiterated RatingOutperform ➝ Market Perform$12.00 ➝ $9.00+5.76%
10/19/2023JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$29.00 ➝ $18.00+94.81%
10/10/2023Roth Mkm
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 Reiterated RatingBuy ➝ Buy$58.00+492.44%
10/3/2023Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$30.00 ➝ $25.00+167.67%
10/2/2023UBS Group
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 Initiated CoverageBuy$16.00+52.82%
7/19/2023Bank of America
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 Boost Target$25.00 ➝ $27.00+15.26%
3/21/2023Capital One Financial
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D. Becker
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Reiterated RatingOverweight
2/27/2023Credit Suisse Group
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 Reiterated RatingOutperform$43.00+147.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:50 PM ET.


NOVA Forecast - Frequently Asked Questions

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Sunnova Energy International is $10.73, with a high forecast of $17.00 and a low forecast of $3.50.

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sunnova Energy International in the last twelve months. There is currently 1 sell rating, 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NOVA shares.

According to analysts, Sunnova Energy International's stock has a predicted upside of 108.68% based on their 12-month stock forecasts.

Over the previous 90 days, Sunnova Energy International's stock had 3 downgrades by analysts.

Sunnova Energy International has been rated by research analysts at Barclays, BMO Capital Markets, BNP Paribas, Citigroup, Deutsche Bank Aktiengesellschaft, Guggenheim, Jefferies Financial Group, Morgan Stanley, Piper Sandler, Robert W. Baird, and Wolfe Research in the past 90 days.

Analysts like Sunnova Energy International less than other "oils/energy" companies. The consensus rating score for Sunnova Energy International is 2.52 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how NOVA compares to other companies.


This page (NYSE:NOVA) was last updated on 11/26/2024 by MarketBeat.com Staff
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