Down 71%, Is Sunnova Energy a Buy or Sell?
Residential solar installer Sunnova (NYSE: NOVA) has dropped over the past year, along with all the other solar installers, but the company's recent fall has been troubling. In this video, Travis Hoium shows why Sunnova's financials are in rough shape and need a lot of industry and interest rate changes to recover.
*Stock prices used were end-of-day prices of March 8, 2024. The video was published on March 13, 2024.
Should you invest $1,000 in Sunnova Energy International right now?
Before you buy stock in Sunnova Energy International, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sunnova Energy International wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of March 11, 2024
Travis Hoium has positions in SunPower. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
