The firm expects the stock to gain 124% in the next year.
Sunnova is worth buying — with the potential to more than double its share price — for investors willing to accept some near-term volatility, according to Morgan Stanley. Analyst Andrew Percoco initiated coverage of the stock at overweight with a price target of $35. His price target implies an upside of 124.1% from where the stock closed Friday.
mountain Sunnova stock chart — CNBC's Michael Bloom contributed to this report.
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