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Sunnova Energy International Inc faced downgrades from Goldman Sachs and UBS due to liquidity concerns and uncertainty surrounding its upcoming debt maturities. Goldman Sachs lowered its rating to "Neutral" and cut its price target to $1, while UBS also downgraded to "Neutral" with a target of $0.65, citing weaker cash generation and potential financing limitations. Both firms expressed concerns over the company's ability to refinance $975 million in corporate debt maturing in 2026 amid regulatory uncertainties.
Sunnova Energy International Inc. is an energy services company that collaborates with local dealers to develop and install solar energy and storage systems. It also provides sustainable home solutions, including smart devices, HVAC systems, and electric vehicle chargers, serving approximately 419,000 customers across over 45 U.S. states and territories. The company offers a range of services, including maintenance, monitoring, and power optimization, catering to various sectors such as commercial, industrial, and public entities.
UBS has downgraded Sunnova Energy International Inc. to a Neutral rating from Buy. The company specializes in solar energy systems and sustainable home solutions, partnering with local dealers for installation and offering services like maintenance, monitoring, and energy optimization. Sunnova serves approximately 419,000 customers across more than 45 U.S. states and territories.
Sunnova Energy International (NYSE:NOVA) has been downgraded by multiple analysts, including UBS Group, which cut its rating from "buy" to "neutral" and lowered the target price from $5.00 to $0.65. Currently, the stock has an average rating of "Hold" with a target price of $7.78, while trading at $0.60, down 64% from its peak. Institutional investors have recently adjusted their positions, with notable acquisitions in the fourth quarter.
UBS has downgraded Sunnova Energy International Inc. from Buy to Neutral, slashing its price target to $0.65 amid concerns over cash generation and a significant debt load of $8.3 billion. The company reported disappointing Q4 2024 results, missing revenue and EPS forecasts, and suspended cash generation guidance for 2025 and 2026. Despite these challenges, Sunnova's contracted customer base could represent a potential value of $4 per share in an optimistic scenario.
UBS has downgraded Sunnova Energy International Inc. from Buy to Neutral, slashing its price target from $5.00 to $0.65, as the company faces liquidity concerns with only $2 million in unrestricted cash. Sunnova's stock has plummeted over 90% in the past year, and analysts worry about its ability to manage $8.3 billion in debt amid an uncertain political climate affecting tax credits. Despite a 17% revenue increase to $840 million, the company missed earnings expectations, prompting several firms to adjust their ratings downward.
Sunnova Energy International's CFO acquired 13,800 shares valued at $49,680, marking a significant increase in ownership. Over the past 90 days, insiders purchased a total of 118,517 shares worth $439,605, representing 4.50% of the company's stock. Analysts have recently lowered price targets for the stock, with Barclays setting a new target of $9.00, indicating a potential upside from its current trading price of $2.91.
Sunnova Energy International Inc.
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