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NYSE: NOVA Investor Notice: Investigation announced for Investors in Sunnova Energy International Inc.

11-14-2019 08:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Sunnova Energy International Inc. (NYSE: NOVA) shares over potential securities laws violations.

An investigation for investors in Sunnova Energy International Inc. (NYSE: NOVA) shares over potential securities laws violations.

Sunnova Energy International Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Sunnova Energy International Inc. (NYSE: NOVA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Sunnova Energy International Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Houston, TX based Sunnova Energy International Inc. provides residential solar and energy storage services in the United States. Sunnova Energy International Inc. reported that its annual Total Revenue rose from 476.85 million in 2017 to $104.38 million in 2018 and that its Net Loss declined from $91.08 million in 2017 to $74.24 million in 2018.
On July 25, 2019, Sunnova Energy International Inc. held its initial public offering ("IPO"), selling more than 14 million shares of common stock for $12 per share. Then, on August 19, 2019, Sunnova Energy International Inc. 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 Energy International Inc's stock has traded as low as $8.66 per share, or nearly 28% below its $12 IPO price.

Those who purchased shares of Sunnova Energy International Inc. (NYSE: NOVA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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