NOVA - SUNNOVA ALERT: Bragar Eagel & Squire P.C. is Investigating Sunnova Energy International Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Sunnova Energy International Inc. (NYSE:NOVA) on behalf of long-term stockholders following a class action complaint that was filed against Sunnova on February 16, 2024 with a Class Period from February 25, 2020 to December 7, 2023. Our investigation concerns whether the board of directors of Sunnova have breached their fiduciary duties to the company.
Sunnova provides energy as a service in the U.S. The Company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. As of October 2023, the Company operated a fleet of residential solar energy systems purportedly serving over 386,000 customers.
In September 2023, Sunnova 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 stated that Project Hestia was expected to "provide disadvantaged homeowners and communities with increased access to ...