Bullish Views for Nextracker and Sunnova Energy
- October 02nd, 2023
- 654 views
UBS has initiated coverage on Nextracker Inc. (Nasdaq: NXT), a notable player in the energy technology sector, with a Buy rating and a price target of $50.
Closing at $40.16 on Friday, this price target suggests a substantial potential upside of $9.84 or 24.53% for $NXT, based on the investment services firm's view.
Similarly, Sunnova Energy International Inc. (NYSE: NOVA), a prominent figure in the energy industry, caught the attention of UBS, as the global firm initiated coverage on the company's stock with a Buy rating and a price target of $16 on the company's stock.
With $NOVA closing at $10.47 on Friday, the indicated price target suggests a potential upside of $5.53 or 52.74%, in accordance with UBS' analysis.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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