Shareholder Alert: Robbins LLP Is Investigating Sunnova Energy International Inc. (NOVA) on Behalf of Shareholders
SAN DIEGO & HOUSTON--(BUSINESS WIRE)--Nov 6, 2019--
Shareholder rights law firm Robbins LLP reminds investors it is investigating Sunnova Energy International Inc. (NYSE: NOVA) for potential violations of federal securities laws pursuant to the company’s July 2019 initial public offering (“IPO”). On July 25, 2019, Sunnova held its IPO, selling more than 14 million shares of common stock for $12 per share. Then, on August 19, 2019, Sunnova reported a net loss of $85.3 million for the six months ending June 30, 2019, compared to $22.7 million in the prior year period. On this news, Sunnova’s share price fell nearly 8% per share. Since its IPO, Sunnova’s stock has traded as low as $8.66 per share, or nearly 28% below its $12 IPO price. Sunnova provides residential solar and energy storage services in the United States.
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Sunnova Energy International Inc. (NOVA) Shareholders Have Legal Options
Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.
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SOURCE: Robbins LLP
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PUB: 11/06/2019 09:40 PM/DISC: 11/06/2019 09:40 PM