​

Sunnova Energy (NOVA) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

NOVA Stock Forecast

Sunnova Energy stock forecast is as follows: an average price target of $10.22 (represents a 203.26% upside from NOVA’s last price of $3.37) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.

NOVA Price Target

The average price target for Sunnova Energy (NOVA) is $10.22 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $6.00. This represents a potential 203.26% upside from NOVA's last price of $3.37.

NOVA Analyst Ratings

Buy

According to 20 Wall Street analysts, Sunnova Energy's rating consensus is 'Buy'. The analyst rating breakdown for NOVA stock is 1 'Strong Buy' (5.00%), 12 'Buy' (60.00%), 6 'Hold' (30.00%), 1 'Sell' (5.00%), and 0 'Strong Sell' (0.00%).

Sunnova Energy Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 15, 2024Andrew PercocoMorgan Stanley$6.00$4.1544.58%78.04%
Nov 01, 2024Ameet ThakkarBMO Capital$8.00$5.7339.62%137.39%
Oct 21, 2024Vikram BagriCitigroup$10.00$5.2291.57%196.74%
Oct 16, 2024Christine ChoBarclays$10.00$6.2360.51%196.74%
Oct 15, 2024Philip ShenRoth Capital$20.00$6.19223.18%493.47%
Oct 14, 2024Ameet ThakkarBMO Capital$10.00$6.5752.21%196.74%
Aug 12, 2024Kashy HarrisonPiper Sandler$8.00$6.9315.44%137.39%
Aug 05, 2024Christopher DendrinosRBC Capital$10.00$7.7129.70%196.74%
Jul 26, 2024Jordan LevyTruist Financial$10.00$8.0424.38%196.74%
Jul 26, 2024Joseph OshaGuggenheim$10.00$7.5432.63%196.74%
Jun 14, 2024Andrew PercocoMorgan Stanley$10.00$5.4782.82%196.74%
May 21, 2024Kashy HarrisonPiper Sandler$4.50$4.158.43%33.53%
May 06, 2024Donovan SchaferNorthland Securities$4.00$4.63-13.70%18.69%
May 03, 2024Ameet ThakkarBMO Capital$6.00$4.9122.26%78.04%
Apr 29, 2024Jordan LevyTruist Financial$9.00$4.34107.37%167.06%
Apr 29, 2024Tristan RichardsonScotiabank$10.00$4.21137.25%196.74%
Apr 19, 2024Michael BlumWells Fargo$6.00$3.7858.73%78.04%
Apr 05, 2024Biju PerincherilSusquehanna$12.00$5.13133.92%256.08%
Mar 14, 2024Christopher DendrinosRBC Capital$9.00$4.20114.29%167.06%
Jan 23, 2024Jordan LevyTruist Financial$18.00$10.9564.38%434.12%
Dec 19, 2023Kashy HarrisonPiper Sandler$26.00$15.0273.16%671.51%
Dec 18, 2023Brian LeeGoldman Sachs$17.00$13.1529.23%404.45%
Nov 21, 2023Maheep MandloiMizuho Securities$20.00$10.5589.48%493.47%
Aug 17, 2023Sophie KarpLoop Capital Markets$31.00$13.69126.53%819.88%
Jul 21, 2023Ameet ThakkarBMO Capital$25.00$21.3117.32%641.84%
Apr 03, 2023Andrew PercocoMorgan Stanley$35.00$15.39127.35%938.58%
Feb 03, 2023Wells Fargo$23.00$19.9315.40%582.49%
Jan 31, 2023Goldman Sachs$23.00$19.4818.07%582.49%
Jan 06, 2023Wells Fargo$24.00$17.1040.35%612.17%
Dec 22, 2022Piper Sandler$26.00$18.8537.93%671.51%
Dec 15, 2022Citigroup$26.00$23.2112.02%671.51%
Dec 01, 2022Janney Montgomery$33.00$22.9144.07%879.23%
Nov 22, 2022RBC Capital$39.00$22.0077.27%1057.27%
Nov 18, 2022Northland Securities$45.00$21.63108.04%1235.31%
Nov 18, 2022Wells Fargo$25.00$23.546.22%641.84%
Nov 15, 2022Deutsche Bank$36.00$22.0363.41%968.25%
Aug 08, 2022J.P. Morgan$54.00$28.1691.80%1502.37%
Aug 05, 2022Barclays$35.00$27.0629.34%938.58%
Aug 03, 2022Wells Fargo$27.00$25.426.22%701.19%
Jul 20, 2022J.P. Morgan$43.00$20.34111.41%1175.96%
Jun 29, 2022Wells Fargo$22.00$18.6817.77%552.82%
Jun 20, 2022Brian LeeGoldman Sachs$24.00$19.7621.46%612.17%
May 24, 2022Piper Sandler$27.00$17.6453.06%701.19%
May 18, 2022Northland Securities$30.00$16.4782.15%790.21%
Jan 31, 2022Brian K. LeeGoldman Sachs$31.00$19.6657.68%819.88%
Jan 24, 2022Tristan RichardsonTruist Financial$32.00$21.5148.77%849.55%
Jan 13, 2022Sophie KarpKeyBanc$39.00$24.0562.16%1057.27%
Nov 01, 2021Philip ShenRoth Capital$65.00$44.0347.63%1828.78%
Oct 29, 2021Julien Dumoulin SmithBank of America Securities$50.00$44.5612.21%1383.68%
Aug 13, 2021Moses SuttonBarclays$41.00$34.0220.52%1116.62%
Jun 24, 2021Gail NicholsonStephens$56.00$35.3158.60%1561.72%
Jun 02, 2021Joseph OshaGuggenheim$51.00$28.2780.40%1413.35%

The latest Sunnova Energy stock forecast, released on Nov 15, 2024 by Andrew Percoco from Morgan Stanley, set a price target of $6.00, which represents a 44.58% increase from the stock price at the time of the forecast ($4.15), and a 78.04% increase from NOVA last price ($3.37).

Sunnova Energy Price Target by Period

1M3M12M
# Anlaysts-622
Avg Price Target-$10.67$10.61
Last Closing Price$3.37$3.37$3.37
Upside/Downside-100.00%216.62%214.84%

In the current month, the average price target of Sunnova Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Sunnova Energy's last price of $3.37. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 15, 2024Morgan StanleyReduceReduceHold
Oct 21, 2024CitigroupBuyBuyHold
Oct 16, 2024BarclaysOverweightOverweightHold
Oct 14, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 10, 2024JefferiesBuyInitialise
Aug 21, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 12, 2024Piper SandlerNeutralNeutralHold
Aug 06, 2024ScotiabankOutperformOutperformHold
Aug 06, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 05, 2024RBC CapitalOutperformOutperformHold
Jul 26, 2024GuggenheimBuyBuyHold
Jun 14, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 21, 2024Piper SandlerOverweightNeutralDowngrade
May 03, 2024BMO CapitalMarket PerformMarket PerformHold
May 02, 2024Raymond JamesStrong BuyStrong BuyHold
Apr 29, 2024ScotiabankOutperformOutperformHold
Apr 22, 2024KeyBancOverweightSector WeightDowngrade
Apr 19, 2024Wells FargoOverweightEqual-WeightDowngrade
Apr 05, 2024SusquehannaPositivePositiveHold
Dec 19, 2023Piper SandlerNeutralOverweightUpgrade
Dec 18, 2023Goldman SachsNeutralBuyUpgrade
Nov 21, 2023Mizuho SecuritiesBuyInitialise
Oct 20, 2023Exane BNP ParibasNeutralInitialise
Aug 17, 2023KeyBancOverweightOverweightHold
Jul 21, 2023BMO CapitalMarket PerformDowngrade
Apr 28, 2023Goldman SachsNeutralNeutralHold
Apr 03, 2023Morgan StanleyOverweightInitialise
Feb 03, 2023Wells FargoOverweightOverweightHold
Jan 31, 2023Goldman SachsNeutralNeutralHold
Jan 06, 2023Wells FargoEqual-WeightOverweightUpgrade
Dec 22, 2022Piper SandlerNeutralNeutralHold
Dec 15, 2022CitigroupBuyInitialise
Dec 01, 2022Janney MontgomeryBuyInitialise
Nov 18, 2022Wells FargoEqual-WeightEqual-WeightHold
Nov 15, 2022Deutsche BankBuyInitialise
Oct 17, 2022SusquehannaBuyInitialise
Sep 07, 2022Bank of America SecuritiesBuyBuyHold
Aug 05, 2022BarclaysOverweightInitialise
Aug 03, 2022Wells FargoEqual-WeightEqual-WeightHold
Jul 19, 2022Sandler O'NeilNeutralDowngrade
Jun 29, 2022Wells FargoEqual-WeightOverweightInitialise
Jun 29, 2022Wells FargoEqual-WeightInitialise
Jun 21, 2022Goldman SachsBuyNeutralDowngrade
Jun 20, 2022Goldman SachsBuyDowngrade
May 24, 2022Piper SandlerOverweightOverweightHold
Feb 24, 2022Raymond JamesStrong BuyStrong BuyHold

Sunnova Energy's last stock rating was published by Morgan Stanley on Nov 15, 2024. The company gave NOVA a "Reduce" rating, the same as its previous rate.

Sunnova Energy Financial Forecast

Sunnova Energy Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue---------------------$198.40M$166.38M$161.70M$195.59M$149.36M$147.01M$65.72M$65.02M$68.90M
Avg Forecast$465.00M$465.00M$461.00M$424.00M$403.76M$414.16M$398.98M$333.38M$357.30M$355.03M$335.75M$268.04M$276.62M$292.66M$278.37M$231.40M$236.23M$238.35M$220.35M$193.76M$223.72M$205.01M$195.53M$153.16M$142.75M$131.94M$88.20M$65.00M$65.72M$67.18M
High Forecast$552.10M$552.10M$547.35M$503.42M$479.40M$491.75M$473.71M$395.83M$424.23M$421.54M$398.64M$318.25M$328.44M$347.49M$330.51M$264.23M$282.11M$239.54M$220.37M$193.77M$281.06M$246.00M$232.15M$181.85M$169.49M$131.94M$88.20M$65.00M$65.72M$67.18M
Low Forecast$398.79M$398.79M$395.36M$363.63M$346.27M$355.19M$342.17M$285.91M$306.43M$304.48M$287.94M$229.87M$237.23M$250.99M$238.73M$197.68M$211.41M$237.15M$220.34M$193.76M$182.03M$157.54M$167.68M$131.35M$122.42M$131.94M$88.20M$65.00M$65.72M$67.18M
# Analysts555566669999555121575101120101099991010
Surprise %---------------------0.97%0.85%1.06%1.37%1.13%1.67%1.01%0.99%1.03%

Sunnova Energy's average Quarter revenue forecast for Dec 23 based on 11 analysts is $223.72M, with a low forecast of $182.03M, and a high forecast of $281.06M. NOVA's average Quarter revenue forecast represents a 12.76% increase compared to the company's last Quarter revenue of $198.40M (Sep 23).

Sunnova Energy EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555121575101120101099991010
EBITDA---------------------$39.00M$5.66M$15.55M$42.16M$-11.52M$43.92M$-2.35M$48.05M$28.12M
Avg Forecast$24.93M$24.93M$24.71M$22.73M$21.64M$22.20M$21.39M$17.87M$19.15M$19.03M$18.00M$14.37M$14.83M$15.69M$14.92M$12.40M$12.66M$12.78M$11.81M$30.48M$11.99M$10.99M$10.48M$24.10M$71.35M$34.18M$22.85M$21.91M$17.03M$17.40M
High Forecast$29.60M$29.60M$29.34M$26.99M$25.70M$26.36M$25.39M$21.22M$22.74M$22.60M$21.37M$17.06M$17.61M$18.63M$17.72M$14.16M$15.12M$12.84M$11.81M$36.58M$15.07M$13.19M$12.44M$28.92M$85.62M$34.18M$22.85M$26.29M$17.03M$17.40M
Low Forecast$21.38M$21.38M$21.19M$19.49M$18.56M$19.04M$18.34M$15.33M$16.43M$16.32M$15.43M$12.32M$12.72M$13.45M$12.80M$10.60M$11.33M$12.71M$11.81M$24.39M$9.76M$8.44M$8.99M$19.28M$57.08M$34.18M$22.85M$17.53M$17.03M$17.40M
Surprise %---------------------3.55%0.54%0.65%0.59%-0.34%1.92%-0.11%2.82%1.62%

11 analysts predict NOVA's average Quarter EBITDA for Dec 23 to be $11.99M, with a high of $15.07M and a low of $9.76M. This is -69.25% lower than Sunnova Energy's previous annual EBITDA (Sep 23) of $39.00M.

Sunnova Energy Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555121575101120101099991010
Net Income---------------------$-63.15M$-86.09M$-110.35M$-61.99M$-64.18M$-37.00M$-33.58M$-31.25M$-27.54M
Avg Forecast$-46.20M$-46.20M$-49.94M$-92.39M$-53.69M$-51.19M$-52.44M$-89.89M$-68.59M$-50.21M$-50.33M$-89.14M$-78.64M$-63.76M$-58.96M$-91.67M$-80.32M$-66.59M$-85.38M$-41.54M$-31.88M$-40.85M$-46.27M$-32.84M$-21.10M$-35.87M$-35.62M$-29.85M$-41.45M$-36.96M
High Forecast$-37.64M$-37.64M$-40.70M$-75.29M$-43.75M$-41.71M$-42.73M$-73.25M$-55.90M$-40.92M$-41.01M$-72.64M$-64.09M$-51.96M$-48.05M$-50.23M$-34.60M$-54.26M$-69.58M$-33.23M$34.54M$397.14M$-37.70M$-26.27M$-16.88M$-35.87M$-35.62M$-23.88M$-41.45M$-36.96M
Low Forecast$-57.44M$-57.44M$-62.10M$-114.89M$-66.76M$-63.65M$-65.21M$-111.78M$-85.29M$-62.44M$-62.58M$-110.84M$-97.80M$-79.29M$-73.32M$-135.62M$-107.50M$-82.81M$-106.17M$-49.85M$-108.93M$-147.51M$-57.53M$-39.40M$-25.32M$-35.87M$-35.62M$-35.82M$-41.45M$-36.96M
Surprise %---------------------1.55%1.86%3.36%2.94%1.79%1.04%1.13%0.75%0.75%

Sunnova Energy's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. NOVA's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Sunnova Energy SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555121575101120101099991010
SG&A---------------------$111.55M$101.38M$101.26M$87.64M$75.90M$68.24M$70.22M$60.21M$53.37M
Avg Forecast$320.33M$320.33M$317.58M$292.09M$278.15M$285.31M$274.85M$229.66M$246.14M$244.58M$231.29M$184.65M$190.56M$201.61M$191.77M$159.41M$162.73M$164.20M$151.80M$86.86M$154.12M$141.23M$134.70M$68.66M$89.41M$90.89M$60.76M$62.42M$45.28M$46.28M
High Forecast$380.34M$380.34M$377.07M$346.80M$330.25M$338.76M$326.33M$272.68M$292.25M$290.39M$274.62M$219.24M$226.26M$239.38M$227.69M$182.03M$194.34M$165.02M$151.81M$104.23M$193.62M$169.47M$159.93M$82.39M$107.29M$90.89M$60.76M$74.90M$45.28M$46.28M
Low Forecast$274.72M$274.72M$272.36M$250.50M$238.54M$244.69M$235.71M$196.96M$211.09M$209.75M$198.36M$158.36M$163.43M$172.91M$164.46M$136.18M$145.64M$163.37M$151.79M$69.49M$125.40M$108.53M$115.52M$54.93M$71.53M$90.89M$60.76M$49.94M$45.28M$46.28M
Surprise %---------------------0.79%0.75%1.47%0.98%0.84%1.12%1.13%1.33%1.15%

Sunnova Energy's average Quarter SG&A projection for Dec 23 is $154.12M, based on 11 Wall Street analysts, with a range of $125.40M to $193.62M. The forecast indicates a 38.17% rise compared to NOVA last annual SG&A of $111.55M (Sep 23).

Sunnova Energy EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555121575101120101099991010
EPS---------------------$-0.53$-0.74$-0.96$-0.54$-0.56$-0.32$-0.30$-0.28$-0.25
Avg Forecast$-0.37$-0.37$-0.40$-0.74$-0.43$-0.41$-0.42$-0.72$-0.55$-0.40$-0.40$-0.71$-0.63$-0.51$-0.47$-0.73$-0.64$-0.53$-0.68$-0.82$-0.26$-0.33$-0.37$-0.54$-0.44$-0.29$-0.29$-0.38$-0.33$-0.30
High Forecast$-0.30$-0.30$-0.33$-0.60$-0.35$-0.33$-0.34$-0.59$-0.45$-0.33$-0.33$-0.58$-0.51$-0.42$-0.38$-0.40$-0.28$-0.43$-0.56$-0.67$0.28$3.18$-0.30$-0.44$-0.36$-0.29$-0.29$-0.38$-0.33$-0.30
Low Forecast$-0.46$-0.46$-0.50$-0.92$-0.53$-0.51$-0.52$-0.90$-0.68$-0.50$-0.50$-0.89$-0.78$-0.64$-0.59$-1.09$-0.86$-0.66$-0.85$-1.02$-0.87$-1.18$-0.46$-0.67$-0.54$-0.29$-0.29$-0.38$-0.33$-0.30
Surprise %---------------------1.62%2.00%1.77%1.24%1.94%1.12%0.79%0.84%0.84%

According to undefined Wall Street analysts, Sunnova Energy's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to NOVA previous annual EPS of $NaN (undefined).

Sunnova Energy Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NOVASunnova Energy$4.20$10.22143.33%Buy
RUNSunrun$10.06$23.17130.32%Buy
SEDGSolarEdge$14.37$26.6085.11%Hold
NXTNextracker$35.72$55.2554.68%Buy
CSIQCanadian Solar$11.67$17.6751.41%Buy
FSLRFirst Solar$188.27$275.5046.33%Buy
ENPHEnphase Energy$73.40$106.2744.78%Buy
JKSJinkoSolar$26.56$20.00-24.70%Sell
MAXNMaxeon Solar$6.15$3.75-39.02%Sell

NOVA Forecast FAQ

Is Sunnova Energy a good buy?

Yes, according to 20 Wall Street analysts, Sunnova Energy (NOVA) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 12 'Buy' recommendations, accounting for 65.00% of NOVA's total ratings.

What is NOVA's price target?

Sunnova Energy (NOVA) average price target is $10.22 with a range of $6 to $20, implying a 203.26% from its last price of $3.37. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Sunnova Energy stock go up soon?

According to Wall Street analysts' prediction for NOVA stock, the company can go up by 203.26% (from the last price of $3.37 to the average price target of $10.22), up by 493.47% based on the highest stock price target, and up by 78.04% based on the lowest stock price target.

Can Sunnova Energy stock reach $5?

NOVA's average twelve months analyst stock price target of $10.22 supports the claim that Sunnova Energy can reach $5 in the near future.

What are Sunnova Energy's analysts' financial forecasts?

Sunnova Energy's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.55B (high $1.84B, low $1.33B), average EBITDA is $83.1M (high $98.67M, low $71.27M), average net income is $-247M (high $-201M, low $-307M), average SG&A $1.07B (high $1.27B, low $915.9M), and average EPS is $-1.98 (high $-1.613, low $-2.462). NOVA's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $1.82B (high $2.15B, low $1.56B), average EBITDA is $97.29M (high $115.52M, low $83.44M), average net income is $-235M (high $-191M, low $-292M), average SG&A $1.25B (high $1.48B, low $1.07B), and average EPS is $-1.88 (high $-1.532, low $-2.338).

Did the NOVA's actual financial results beat the analysts' financial forecasts?

Based on Sunnova Energy's last annual report (Dec 2022), the company's revenue was $557.69M, beating the average analysts forecast of $427.88M by 30.34%. Apple's EBITDA was $117.99M, missing the average prediction of $150.28M by -21.49%. The company's net income was $-130M, beating the average estimation of $-122M by 6.40%. Apple's SG&A was $302M, missing the average forecast of $303.48M by -0.49%. Lastly, the company's EPS was $-1.14, missing the average prediction of $-1.39 by -18.01%. In terms of the last quarterly report (Sep 2023), Sunnova Energy's revenue was $198.4M, missing the average analysts' forecast of $205.01M by -3.23%. The company's EBITDA was $39M, beating the average prediction of $10.99M by 254.91%. Sunnova Energy's net income was $-63.147M, beating the average estimation of $-40.849M by 54.59%. The company's SG&A was $111.54M, missing the average forecast of $141.23M by -21.02%. Lastly, the company's EPS was $-0.53, beating the average prediction of $-0.327 by 61.99%