Goldman gives 3 reasons why this solar stock could nearly triple

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Goldman gives 3 reasons why this solar stock could nearly triple
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Analyst Brian Lee maintained his buy rating the stock and kept his $14 price target, which suggests the beaten-down name can jump a whopping 194%.

Investors should not lose hope on residential solar company Sunnova Energy just yet, according to Goldman Sachs. Analyst Brian Lee maintained his buy rating on Sunnova and kept his $14 price target, which suggests the beaten-down stock can jump a whopping 194%.

The stock also plunged in late February after Sunnova announced a $100 million at-the-market stock offering program , which its management described as "good housekeeping" rather than an immediate need to raise capital.

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