Sunnova Alternative energy investors at the bargain end of the market typically aim for stocks under $10, but there’s value to be had with some pricier picks. Sunnova Energy International Inc. (NYSE: NOVA) is one option worth considering this month. With a stock that trades at just over $30 today, it’s still affordable, and there’s a likely upside to be had.

Sunnova is a residential solar company based in the United States. It offers services like on-site solar optimization, monitoring, repairs, maintenance, and installation. The company’s installed systems generate more than 572 megawatts of electricity for over 80,000 customers.

In the three years that the company has reported earnings publicly, it has consistently increased revenue and income. Sales were up by 26.03% in 2019, while gross income was up by 24.44%. The company operates with a high gross margin of 58.43% and an EBITDA margin of 21.61%.

An average target price of $35 suggests that there will be growth for investors who buy now. Strong momentum makes this a top alternative stock for the final quarter of 2020.

Key Data:

  • 1 Year Price Growth: 95%
  • YTD Price Growth: 55%
  • 3 Month Price Growth: 16%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.