Why Sunnova Energy International Stock Soared Today
Sunnova Energy International (NYSE: NOVA) stock posted double-digit gains in Thursday's trading. The solar energy company's share price closed out the day up 10.3% and had been up as much as 12.7% earlier in the session.
published new coverage on Sunnova Energy stock today. While the firm maintained an overweight rating on the stock, it actually lowered its one-year price target. But the new price target still suggests explosive upside potential.
Before the market opened this morning, JPMorgan published a note that gave Sunnova stock the equivalent of a buy rating. The firm's analysts lowered their one-year price target on the stock from $14 per share to $11 per share, citing some uncertainty related to catalysts from the Inflation Reduction Act. But even with the downward target revision, a one-year pricing forecast of $11 per share still suggests upside of roughly 243% compared to today's closing price for the stock.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 303 € is below the current price of 309.25 € for JPMorgan Chase & Co., so the potential is actually -2.02%.
