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
Concerned shareholders who would like more information about their rights and potential remedies can send us a message via the Shareholder Information below.