BENSALEM, Pa.–(BUSINESS WIRE)–$NOVA–Law Offices of Howard G. Smith announces an investigation on behalf of Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA) investors concerning the Company and its officers’ possible violations of federal securities laws.
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 $10.36 per share, or nearly 14% below its $12 IPO price.
If you purchased Sunnova securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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