SEDG - FY24 Election Is A Major Game Changer For US Renewable Sector: Piper Analyst | Benzinga
Piper Sandler analyst Kashy Harrison revised the rating on several Renewables & Alternative Energy companies.
The analyst sees benefits accruing to the installers initially (FY24) and inverters eventually (FY25), with the rest of the stock in the coverage benefiting in the long term.
Consequently, Harrison upgraded both Sunnova Energy International Inc (NYSE: NOVA) and Sunrun Inc (NASDAQ: RUN) to Overweight from Neutral rating at an increased price target of $26 (from $13) and $31 ($15), respectively.
However, the analyst anticipates negative risk/reward from the FY24 election on the renewable sector as Piper's Macro Team believes that if Biden wins, he won't be able ...