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  "documentTitle": "Sunnova Energy International Inc. (NOVA)",
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      "text": "As a result of this unreliable valuation method, Roth Capital has the 2nd highest price target for Sunnova",
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      "text": "valuation multiple: 2.15x",
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      "kind": "paragraph",
      "text": "Variations of estimated customer value used by analysts heavily rely on the Company's long-term, optimistic assumptions. This metric essentially puts investors' faith in the Company's model, upon which the auditor disclaims any level of assurance.",
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      "text": "Exhibit 4: We reach our $33PT for NOVA by applying a 1.8x multiple to our estimated 30 year NAV using a 4% discount rate, implying 35% upside from the current price of $24.45. — Roth Capital",
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      "text": "Estimated Customer Value Multiple",
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