Investors who lost money with shares of Sunnova Energy International Inc. (NYSE: NOVA) should contact the Shareholders Foundation in connection with filed lawsuit

An investor, who purchased shares of Sunnova Energy International Inc. (NYSE: NOVA), filed a lawsuit against Sunnova Energy International Inc over alleged Securities Laws violations.

Investors who purchased shares of Sunnova Energy International Inc. (NYSE: NOVA) have certain options and for certain investors are short and strict deadlines running. Deadline: April 16, 2024. NYSE: NOVA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

In September 2023, Sunnova Energy International Inc. entered into a $3.0 billion partial loan guarantee agreement with the U.S. Department of Energy's ("DOE") Loan Programs Office ("LPO") to support solar loans originated by Sunnova under a new solar loan channel named Project Hestia (the "LPO Loan"). In a press release detailing the LPO Loan, Sunnova Energy International Inc. stated that Project Hestia was expected to "provide disadvantaged homeowners and communities with increased access to clean, flexible power via Sunnova services by indirectly and partially guaranteeing the cash flows associated with consumers' loans" and that Sunnova's "purpose-built technology" was "designed to improve customer insights regarding their power usage and will facilitate demand response behavior."

On November 22, 2023, the Washington Free Beacon published an article. The article revealed that several consumer complaints had been brought against the Company for issues ranging from maintenance delays to predatory sales tactics used against elderly homeowners.

On December 8, 2023, House Energy Committee Chair Cathy McMorris Rodgers and Senate Energy Committee member John Barrasso sent a letter to the U.S. Department of Energy and Sunnova seeking information related to a $3 billion partial loan guarantee to Sunnova following "disturbing" reports about the Company's business practices.

Shares of Sunnova Energy International Inc. (NYSE: NOVA) declined from $16.35 per share on December 27, 2023, to $12.49 per share during January 08, 2024.

The plaintiff claims that between February 25, 2020 and December 7, 2023, the Defendants made false and/or misleading statements and/or failed to disclose that Sunnova routinely engaged in predatory business practices against disadvantaged homeowners and communities, the same groups that Project Hestia was purportedly intended to benefit, that the foregoing conduct subjected the Company to a heightened risk of regulatory and/or governmental scrutiny, as well as significant reputational and/or financial harm, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

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

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 lawsuits, 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.

This release was published on openPR.