Sunnova Energy International Inc. Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Sunnova Energy International Inc. ("Sunnova" or the "Company") (NYSE: NOVA). This investigation concerns whether Sunnova has violated federal securities laws and/or engaged in other unlawful business practices.
In July 2019, Sunnova completed its initial public offering ("IPO") in which it sold more than 14 million shares of common stock for $12 per share.
On August 19, 2019, Sunnova reported a net loss of $85.3 million for the six months ended June 30, 2019, compared with $22.7 million in the prior year period, due to net losses on interest rate swaps. On this news, the Company's share price fell $0.85 per share, nearly 8%, to close at $10.36 per share on August 20, 2019, thereby injuring investors. Since the IPO, Sunnova's stock has traded as low as $8.01 per share, or nearly 33% below its $12 IPO price.
If you acquired Sunnova securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.