Sunnova Energy rating suspended at Goldman Sachs

Goldman Sachs analyst Brian Lee suspended the firm’s investment rating, price target and earnings estimates for Sunnova because of insufficient information on which to base an investment view after the company issued a going concern notice with its Q4 earnings report on March 3 given the funding shortfall to meet obligations for the upcoming year. Given uncertainty on potentially addressing its 2026 corporate maturities, Sunnova removed its cash generation guidance, noted the analyst, who says the firm will continue to evaluate Sunnova’s progress and ability to continue its business operations.