Summary:
- Sunnova Energy International (NOVA, Financial) is addressing its non-compliance with the NYSE's listing requirements.
- The average one-year price target for NOVA is notably higher than its current trading price.
- The stock holds a "Hold" recommendation from analysts, with significant potential upside according to GuruFocus estimates.
Sunnova Energy Faces NYSE Compliance Challenge
Sunnova Energy International (NOVA) has received notice from the New York Stock Exchange regarding its failure to uphold the required listing standard. Specifically, the company did not maintain an average share price of at least $1.00 over a span of 30 consecutive days. As a response, Sunnova is exploring various strategies, including the possibility of a reverse stock split, to rectify this compliance issue.
Analysts' Price Targets and Recommendations
Wall Street analysts have released their one-year price targets for Sunnova Energy International Inc (NOVA, Financial). Out of 14 analysts, the average target price stands at $0.84, with predictions ranging from as high as $2.00 to as low as $0.50. This average target suggests a potential upside of 176.54% compared to the stock's current trading price of $0.30. Investors can explore more detailed forecast data on the Sunnova Energy International Inc (NOVA) Forecast page.
According to 19 brokerage firms, the consensus recommendation for Sunnova Energy International Inc (NOVA, Financial) is currently at 3.1. This indicates a "Hold" status on a rating scale where 1 denotes a Strong Buy and 5 signifies a Sell.
GuruFocus' Valuation Perspective
The GuruFocus platform provides a distinct valuation metric for Sunnova Energy International Inc (NOVA, Financial). Their estimated GF Value for the company in one year is pegged at $20.64. This suggests a remarkable potential upside of 6700.66% from the current share price of $0.3035. The GF Value is a comprehensive estimate derived from historical trading multiples, past business growth trends, and future performance projections. For further insights, visit the Sunnova Energy International Inc (NOVA) Summary page.
