TD Cowen has revised its price target for Sunnova Energy (NOVA, Financial), slashing it from 60 cents to 20 cents while maintaining a Hold rating for the stock. This adjustment follows the company's disclosure of a going concern warning earlier this year in March.
Amidst these developments, Sunnova has begun discussions with its creditors to restructure its corporate debts. The outcome of these negotiations remains uncertain, with possibilities ranging from an out-of-court settlement to a potential bankruptcy filing.
Investors and stakeholders are closely monitoring the situation to see which path the company will ultimately take to address its financial obligations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Sunnova Energy International Inc (NOVA, Financial) is $0.79 with a high estimate of $2.00 and a low estimate of $0.20. The average target implies an upside of 249.89% from the current price of $0.23. More detailed estimate data can be found on the Sunnova Energy International Inc (NOVA) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Sunnova Energy International Inc's (NOVA, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sunnova Energy International Inc (NOVA, Financial) in one year is $20.62, suggesting a upside of 8999.74% from the current price of $0.2266. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sunnova Energy International Inc (NOVA) Summary page.
