Sunnova Energy International (NOVA) Stock Forecast & Price Target

$3.70 +0.33 (+9.79%)

(As of 12/20/2024 05:40 PM ET)

Sunnova Energy International - Analysts' Recommendations and Stock Price Forecast (2025)

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

Hold

Based on 24 Analyst Ratings

Sell
1

Hold
11

Buy
12

Based on 24 Wall Street analysts who have issued ratings for Sunnova Energy International in the last 12 months, the stock has a consensus rating of "Hold." Out of the 24 analysts, 1 has given a sell rating, 11 have given a hold rating, and 12 have given a buy rating for NOVA.

Consensus Price Target

$10.24
176.72% Upside

According to the 24 analysts' twelve-month price targets for Sunnova Energy International, the average price target is $10.24. 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 176.72% from the current price of $3.70.

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NOVA Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	13 Buy rating(s)	16 Buy rating(s)	19 Buy rating(s)
Hold	11 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$10.24	$10.89	$15.26	$23.06
Forecasted Upside	176.72% Upside	154.51% Upside	37.85% Upside	50.05% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Sunnova Energy International Stock vs. The Competition

Type	Sunnova Energy International	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.46	2.63	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	176.72% Upside	1,671.86% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent NOVA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/19/2024	TD Cowen 5 of 5 stars	J. Osborne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$5.00	+38.12%
12/18/2024	Robert W. Baird 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$12.00 ➝ $9.00	+114.03%
12/17/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$12.00 ➝ $11.00	+175.69%
12/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Dendrinos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
11/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$8.00 ➝ $4.50	-2.17%
11/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$12.00 ➝ $6.00	+49.25%
Get the Latest News and Ratings for NOVA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Sunnova Energy International and its competitors with MarketBeat's FREE daily newsletter.
11/8/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sutton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underperform	$3.50	-3.98%
11/7/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Osha Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
11/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Fleishman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/1/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform	$10.00 ➝ $8.00	+34.45%
11/1/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$9.00 ➝ $6.25	+2.46%
10/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$12.00 ➝ $10.00	+87.97%
10/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$12.00 ➝ $10.00	+61.29%
10/10/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$15.00	+118.34%
8/6/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$10.00 ➝ $14.00	+93.10%
8/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$6.00 ➝ $9.00	+16.58%
8/2/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$12.00 ➝ $14.00	+69.49%
7/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$9.00 ➝ $10.00	+24.38%
5/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$26.00 ➝ $17.00	+251.97%
4/23/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Sector Weight
4/22/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$21.00 ➝ $15.00	+290.62%
4/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$21.00 ➝ $17.00	+340.41%
3/22/2024	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$12.00	+111.08%
2/23/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform	$12.00 ➝ $9.00	+5.76%
10/19/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$29.00 ➝ $18.00	+94.81%
10/10/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$58.00	+492.44%
10/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$30.00 ➝ $25.00	+167.67%
10/2/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$16.00	+52.82%
7/19/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$25.00 ➝ $27.00	+15.26%
3/21/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight
2/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$43.00	+147.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:13 PM ET.

NOVA Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Sunnova Energy International is $10.24, with a high forecast of $17.00 and a low forecast of $3.50.
: 24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sunnova Energy International in the last year. There is currently 1 sell rating, 11 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NOVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOVA, but not buy additional shares or sell existing shares.
: According to analysts, Sunnova Energy International's stock has a predicted upside of 176.72% based on their 12-month stock forecasts.
: Over the previous 90 days, Sunnova Energy International's stock had 4 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, Royal Bank of Canada, TD Cowen, The Goldman Sachs Group, and Wolfe Research in the past 90 days.
: Analysts like Sunnova Energy International less than other "oils/energy" companies. The consensus rating for Sunnova Energy International is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how NOVA compares to other companies.

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This page (NYSE:NOVA) was last updated on 12/21/2024 by MarketBeat.com Staff

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Sunnova Energy International (NOVA) Stock Forecast & Price Target