Sunnova Energy Stock Target Price and Analyst Consensus
| NOVA Stock | USD 3.93 0.01 0.26% |
The current analyst and expert consensus on Sunnova Energy is Strong Buy with 7 buy recommendations. The current projected Sunnova Energy target price consensus is 22.50, with 28 analyst opinions. The most common way Sunnova Energy Inter analysts use to provide public buy-or-sell recommendation is financial statements analysis. They also talk to Sunnova Energy executives, vendors, and/or customers. Sunnova Energy buy-or-sell recommendation module provides average expert sentiment on the projected Sunnova Energy Inter target price to derive its highest and lowest estimates based on target price estimated volatility of 0.0. Check out Macroaxis Advice on Sunnova Energy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 20.48 | Highest Forecast 24.98 | Target Price 22.5 |
Sunnova |
It's important to approach Sunnova Energy's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Sunnova Energy Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Sunnova target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Sunnova Energy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 28 | Strong Buy |
Most Sunnova analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Sunnova stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Sunnova Energy Inter, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationSunnova Energy Target Price Projection
Sunnova Energy's current and average target prices are 3.93 and 22.50, respectively. The current price of Sunnova Energy is the price at which Sunnova Energy International is currently trading. On the other hand, Sunnova Energy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Sunnova Energy Market Quote on 25th of April 2024
Target Price
Analyst Consensus On Sunnova Energy Target Price
Sunnova Energy Analyst Ratings
Sunnova Energy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Sunnova Energy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Sunnova Energy's financials, market performance, and future outlook by experienced professionals. Sunnova Energy's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Sunnova Energy price targets
Sunnova Energy's stock target price is an estimate of its future price, usually made by analysts. Using Sunnova Energy's target price to determine if it is a suitable investment can be done through the following steps:- Look at Sunnova Energy's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Sunnova Energy's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Sunnova Energy Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Sunnova Energy is a key component of Sunnova Energy valuation and have some predictive power on the future returns of a Sunnova Energy.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunnova Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Impulse Invested over 100 shares | |
 | Automobiles and Trucks Invested over 60 shares | |
 | Macroaxis Index Invested few shares | |
 | Investor Favorites Invested over 40 shares | |
Check out Macroaxis Advice on Sunnova Energy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Sunnova Stock analysis
When running Sunnova Energy's price analysis, check to measure Sunnova Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sunnova Energy is operating at the current time. Most of Sunnova Energy's value examination focuses on studying past and present price action to predict the probability of Sunnova Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunnova Energy's price. Additionally, you may evaluate how the addition of Sunnova Energy to your portfolios can decrease your overall portfolio volatility.
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The data published in Sunnova Energy's official financial statements usually reflect Sunnova Energy's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Sunnova Energy Inter. For example, before you start analyzing numbers published by Sunnova accountants, it's critical to develop an understanding of what Sunnova Energy's liquidity, profitability, and earnings quality are in the context of the Independent Power and Renewable Electricity Producers space in which it operates.
Please note, the presentation of Sunnova Energy's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Sunnova Energy's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Sunnova Energy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Sunnova Energy International. Please utilize our Beneish M Score to check the likelihood of Sunnova Energy's management manipulating its earnings.