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.JPMorgan 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. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool