Investigation of Sunnova Energy International Inc.
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Sunnova Energy International Inc. (NOVA) Accused of Misleading Shareholders
Shareholder rights law firm Robbins LLP informs shareholders it is investigating Sunnova Energy International Inc. (NYSE: NOVA) for potential violations of federal securities laws pursuant to the company’s July 2019 initial public offering (“IPO”). On July 25, 2019, Sunnova held its IPO, offering shares at $12 and selling more than 14 million shares of common stock. Then, on August 19, 2019, Sunnova reported a net loss of $85.3 million for the six months ending on June 30, 2019, compared to $22.7 million in the prior year period. On this news, Sunnova’s share price fell nearly 8% per share. Since its IPO, Sunnova’s stock has traded as low as $10.36 per share, or nearly 14% below its $12 IPO price. Sunnova provides residential solar and energy storage services in the United States.
Sunnova Energy International Inc. (NOVA) Shareholders Have Legal Options
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