NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Sunnova Energy International Inc. ("Sunnova" or the "Company") (NYSE:NOVA) in the United States District Court for the Southern District of Texas on behalf of all persons and entities who purchased or otherwise acquired Sunnova securities between February 25, 2020 and December 7, 2023, both dates inclusive (the "Class Period"). Investors have until April 16, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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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 ...