An investigation on behalf of investors of Sunnova Energy International Inc. (NYSE: NOVA) shares over potential securities laws violations by Sunnova Energy International Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sunnova Energy International Inc. (NYSE: NOVA) concerning whether a series of statements by Sunnova Energy International Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Houston, TX based Sunnova Energy International Inc. provides residential solar and energy storage services in the United States. Sunnova Energy International Inc. reported that its annual Total Revenue rose from 476.85 million in 2017 to $104.38 million in 2018 and that its Net Loss declined from $91.08 million in 2017 to $74.24 million in 2018.
On July 25, 2019, Sunnova Energy International Inc. held its initial public offering ('IPO'), selling more than 14 million shares of common stock for $12 per share. Then, on August 19, 2019, Sunnova Energy International Inc. 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 Energy International Inc's stock has traded as low as $8.66 per share, or nearly 28% below its $12 IPO price.