5 Cheap Solar Stocks To Buy According To Analysts

3. Sunnova Energy International Inc. (NYSE:NOVA)

Average analyst price target: $19.45

Average analyst price target upside as of November 6: 95.87%

Sunnova Energy International Inc. (NYSE:NOVA) is a Texas-based solar energy company that serves residential and commercial customers. 

On October 31, Wells Fargo analyst Michael Blum International Inc. decreased Sunnova Energy (NYSE:NOVA)’s price target to $16 from $22 and maintained an Overweight rating. The firm mentioned that despite the company’s Q3 earnings miss, the management reaffirmed its 2023 guidance and provided a strong 2024 outlook.

According to TipRanks, 20 analysts covered Sunnova Energy International Inc. (NYSE:NOVA) stock over the last three months. 15 out of the 20 analysts keep a Buy rating on Sunnova Energy International Inc. (NYSE:NOVA) stock with an average price target of $19.45.

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