5 Best Stocks to Buy in Falling Markets According to Analysts

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1. Sunnova Energy International Inc. (NYSE:NOVA)

Number of Q4 2023 Hedge Fund Shareholders: 29

Share Price Target Upside: 295.22%

Latest Average Share Price Target: $17

Sunnova Energy International Inc. (NYSE:NOVA) is a solar energy system company headquartered in Houston, Texas. The firm’s investors were in for some bad news in March 2024 after Morgan Stanley downgraded the shares to Equalweight from Overweight and cut the share price target to $14 from $24.

As of Q4 2023 end, 29 out of the 933 hedge funds part of Insider Monkey’s database had bought and owned Sunnova Energy International Inc. (NYSE:NOVA)’s shares. Jos Shaver’s Electron Capital Partners was the biggest investor as it held $74.9 million worth of shares.

Follow Sunnova Energy International Inc. (NYSE:NOVA)

Should you invest $1,000 in Sunnova Energy right now?

Before you buy stock in NOVA, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and NOVA wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

Disclosure: None. You can also take a look at 11 Most Undervalued Cybersecurity Stocks To Buy According To Analysts and 15 NATO Members with the Largest Militaries.

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