Raymond James says buy the dip in Sunnova, upgrades solar company to strong buy

Published Wed, Jul 7 20216:53 AM EDTUpdated Wed, Jul 7 20219:48 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

John Berger, center left, CEO of Sunnova Energy International Inc., celebrates his company's initial public offering at the New York Stock Exchange, July 25, 2019.

Brendan McDermid | Reuters

Investors should buy the dip Sunnova Energy after higher interest rates earlier this year helped push down the stock, according to Raymond James.