NOVA - Sunnova Energy Poised To Gain Market Share Faster As Industry Shifts Towards Leases From Loans: Analyst | Benzinga
Mizuho Securities analyst Maheep Mandloi initiated coverage on Sunnova Energy International Inc (NYSE: NOVA) with a Buy rating and a $20 price target.
The analyst is bullish on NOVA's ability to capture market share amid a weak environment amid higher interest rates.
Mandloi expects the company to gain share faster than the market through FY26 on strong demand for their lease/PPA offering as the industry switches from loans to leases and IRA tax credit adders benefiting leasing economics.
Moreover, the analyst expects NOVA's unique dealer strategy vs. its peers ...