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Investigations  /  09.10.2019

Investigation of Sunnova Energy

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Shareholder Alert: Robbins LLP Is Investigating Sunnova Energy International Inc. (NOVA) on Behalf of Shareholders

September 10, 2019 (San Diego, CA & Houston, TX) – Shareholder rights law firm Robbins LLP reminds investors 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, selling more than 14 million shares of common stock for $12 per share. Then, on August 19, 2019, Sunnova reported a net loss of $85.3 million for the six months ending 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 $8.66 per share, or nearly 28% below its $12 IPO price. Sunnova provides residential solar and energy storage services in the United States.

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