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

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NOVA Stock Forecast

Sunnova Energy stock forecast is as follows: an average price target of $20.91 (represents a 378.49% upside from NOVA’s last price of $4.37) 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 $20.91 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $56.00 to $4.00. This represents a potential 378.49% upside from NOVA's last price of $4.37.

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%37.30%
Nov 01, 2024Ameet ThakkarBMO Capital$8.00$5.7339.62%83.07%
Oct 21, 2024Vikram BagriCitigroup$10.00$5.2291.57%128.83%
Oct 16, 2024Christine ChoBarclays$10.00$6.2360.51%128.83%
Oct 15, 2024Philip ShenRoth Capital$20.00$6.19223.18%357.67%
Oct 14, 2024Ameet ThakkarBMO Capital$10.00$6.5752.21%128.83%
Aug 12, 2024Kashy HarrisonPiper Sandler$8.00$6.9315.44%83.07%
Aug 05, 2024Christopher DendrinosRBC Capital$10.00$7.7129.70%128.83%
Jul 26, 2024Jordan LevyTruist Financial$10.00$8.0424.38%128.83%
Jul 26, 2024Joseph OshaGuggenheim$10.00$7.5432.63%128.83%
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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 37.30% increase from NOVA last price ($4.37).

Sunnova Energy Price Target by Period

1M3M12M
# Anlaysts2622
Avg Price Target$7.00$10.67$10.61
Last Closing Price$4.37$4.37$4.37
Upside/Downside60.18%144.16%142.79%

In the current month, the average price target of Sunnova Energy stock is $7.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 60.18% increase as opposed to Sunnova Energy's last price of $4.37. This month's average price target is down -34.40% compared to last quarter, and down -34.02% 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, 2024Jefferies-BuyInitialise
Aug 21, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 12, 2024Piper SandlerNeutralNeutralHold
Aug 06, 2024ScotiabankOutperformOutperformHold
Aug 06, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 05, 2024RBC CapitalOutperformOutperformHold
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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$277.08M$292.11M$279.75M$232.39M$234.41M$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$551.36M$551.36M$546.61M$502.74M$478.75M$491.08M$473.07M$395.29M$423.66M$420.97M$398.10M$317.82M$328.54M$346.36M$331.71M$264.02M$280.35M$239.54M$220.37M$193.77M$281.06M$246.00M$231.84M$181.60M$169.26M$131.94M$88.20M$65.00M$65.72M$67.18M
Low Forecast$405.05M$405.05M$401.57M$369.34M$351.71M$360.77M$347.54M$290.40M$311.24M$309.26M$292.46M$233.48M$241.36M$254.45M$243.69M$202.27M$206.73M$237.15M$220.34M$193.76M$182.03M$157.54M$170.32M$133.42M$124.34M$131.94M$88.20M$65.00M$65.72M$67.18M
# Analysts4854585510755854111495101120101099991010
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
# Analysts4854585510755854111495101120101099991010
EBITDA---------------------$39.00M$5.66M$15.55M$42.16M$-11.52M$43.92M$-2.35M$48.05M$28.12M
Avg Forecast$18.23M$18.23M$18.07M$16.62M$15.83M$16.24M$15.64M$13.07M$14.01M$13.92M$13.16M$10.51M$10.86M$11.45M$10.97M$9.11M$9.19M$9.34M$8.64M$30.48M$8.77M$8.04M$7.66M$24.10M$71.35M$34.18M$22.85M$21.91M$17.03M$17.40M
High Forecast$21.61M$21.61M$21.43M$19.71M$18.77M$19.25M$18.54M$15.50M$16.61M$16.50M$15.61M$12.46M$12.88M$13.58M$13.00M$10.35M$10.99M$9.39M$8.64M$36.58M$11.02M$9.64M$9.09M$28.92M$85.62M$34.18M$22.85M$26.29M$17.03M$17.40M
Low Forecast$15.88M$15.88M$15.74M$14.48M$13.79M$14.14M$13.62M$11.38M$12.20M$12.12M$11.46M$9.15M$9.46M$9.97M$9.55M$7.93M$8.10M$9.30M$8.64M$24.39M$7.14M$6.18M$6.68M$19.28M$57.08M$34.18M$22.85M$17.53M$17.03M$17.40M
Surprise %---------------------4.85%0.74%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 $8.77M, with a high of $11.02M and a low of $7.14M. This is -77.51% 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
# Analysts4854585510755854111495101120101099991010
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$-89.14M$-78.06M$-62.80M$-57.94M$-90.76M$-87.74M$-66.59M$-85.38M$-41.54M$-31.88M$-40.85M$-46.27M$-32.84M$-21.10M$-35.87M$-35.62M$-29.85M$-41.45M$-36.96M
High Forecast$-38.45M$-38.45M$-41.57M$-76.91M$-44.69M$-42.61M$-43.65M$-74.83M$-57.10M$-41.80M$-41.89M$-74.20M$-64.97M$-52.27M$-48.23M$-52.62M$-40.27M$-55.43M$-71.07M$-33.23M$34.54M$397.14M$-38.51M$-26.27M$-16.88M$-35.87M$-35.62M$-23.88M$-41.45M$-36.96M
Low Forecast$-57.35M$-57.35M$-62.00M$-114.70M$-66.65M$-63.55M$-65.10M$-111.60M$-85.15M$-62.34M$-62.48M$-110.66M$-96.90M$-77.96M$-71.92M$-142.06M$-125.13M$-82.67M$-106.00M$-49.85M$-108.93M$-147.51M$-57.44M$-39.40M$-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
# Analysts4854585510755854111495101120101099991010
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$190.88M$201.23M$192.72M$160.09M$161.48M$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$379.82M$379.82M$376.55M$346.33M$329.80M$338.30M$325.89M$272.31M$291.85M$290.00M$274.24M$218.94M$226.33M$238.60M$228.51M$181.88M$193.13M$165.02M$151.81M$104.23M$193.62M$169.47M$159.71M$82.39M$107.29M$90.89M$60.76M$74.90M$45.28M$46.28M
Low Forecast$279.04M$279.04M$276.64M$254.43M$242.29M$248.53M$239.42M$200.05M$214.41M$213.05M$201.47M$160.84M$166.27M$175.29M$167.87M$139.34M$142.42M$163.37M$151.79M$69.49M$125.40M$108.53M$117.33M$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
# Analysts4854585510755854111495101120101099991010
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$-0.50$-0.46$-0.73$-0.70$-0.53$-0.68$-0.82$-0.26$-0.33$-0.37$-0.54$-0.44$-0.29$-0.29$-0.38$-0.33$-0.30
High Forecast$-0.31$-0.31$-0.33$-0.62$-0.36$-0.34$-0.35$-0.60$-0.46$-0.33$-0.34$-0.59$-0.52$-0.42$-0.39$-0.42$-0.32$-0.44$-0.57$-0.68$0.28$3.18$-0.31$-0.45$-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$-0.89$-0.68$-0.50$-0.50$-0.89$-0.78$-0.62$-0.58$-1.14$-1.00$-0.66$-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
SPWRSunPower$0.12$17.5014483.33%Hold
SEDGSolarEdge$10.73$157.001363.19%Hold
NOVASunnova Energy$4.37$20.91378.49%Buy
RUNSunrun$10.22$33.99232.58%Buy
ENPHEnphase Energy$63.57$167.61163.66%Buy
CSIQCanadian Solar$11.30$19.5072.57%Sell
NXTNextracker$37.40$56.3650.70%Buy
FSLRFirst Solar$181.95$239.4631.61%Buy
JKSJinkoSolar$21.67$23.809.83%Sell
MAXNMaxeon Solar$8.20$3.75-54.27%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 $20.91 with a range of $4 to $56, implying a 378.49% from its last price of $4.37. 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 378.49% (from the last price of $4.37 to the average price target of $20.91), up by 1181.46% based on the highest stock price target, and down by -8.47% based on the lowest stock price target.

Can Sunnova Energy stock reach $7?

NOVA's average twelve months analyst stock price target of $20.91 supports the claim that Sunnova Energy can reach $7 in the near future.

What is Sunnova Energy's current price target trend?

2 Wall Street analysts forecast a $7 price target for Sunnova Energy (NOVA) this month, up 60.18% from its last price of $4.37. Compared to the last 3 and 12 months, the average price target increased by 144.16% and increased by 142.79%, respectively.

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 $1.35B), average EBITDA is $60.77M (high $72.06M, low $52.94M), average net income is $-247M (high $-206M, low $-307M), average SG&A $1.07B (high $1.27B, low $930.29M), and average EPS is $-1.98 (high $-1.648, low $-2.458). NOVA's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $1.82B (high $2.15B, low $1.58B), average EBITDA is $71.15M (high $84.36M, low $61.98M), average net income is $-235M (high $-195M, low $-291M), average SG&A $1.25B (high $1.48B, low $1.09B), and average EPS is $-1.88 (high $-1.565, low $-2.334).

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 $8.04M by 385.32%. 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%