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small-cap

One NASDAQ-Listed Renewable Energy Stock at Resistance Level: Sunnova Energy International Inc.

Sep 16, 2024 | Team Kalkine
One NASDAQ-Listed Renewable Energy Stock at Resistance Level: Sunnova Energy International Inc.

NOVA:NYSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

Sunnova Energy International Inc.

Company Overview: Sunnova Energy International Inc. (NASDAQ: NOVA) is an energy services company. The Company partnering with local dealers and contractors who originate, design, and install its customer’s solar energy systems, energy storage systems and related products and services on its behalf.

As per our previous US Daily Report published on ‘NOVA’ on 31st July 2024, Kalkine provided an ‘Speculative Buy’ stance on the stock at USD 7.07 based on price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~60.82% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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