Shareholder rights law firm Robbins Arroyo LLP informs shareholders 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, offering shares at $12 and selling more than 14 million shares of common stock. Then, on August 19, 2019, Sunnova reported a net loss of $85.3 million for the six months ending on 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 $10.36 per share, or nearly 14% below its $12 IPO price. Sunnova provides residential solar and energy storage services in the United States.
If you suffered a loss as a result of Sunnova's potential wrongdoing, click here.
Sunnova Energy International Inc. (NOVA) Shareholders Have Legal Options
Contact us to learn more:
Leo Kandinov
(800) 350-6003
LKandinov@robbinsarroyo.com
Shareholder Information Form
Robbins Arroyo 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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