{"id":5678,"date":"2024-04-13T08:00:00","date_gmt":"2024-04-13T01:00:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/04\/13\/2862433\/0\/en\/SUNNOVA-DEADLINE-ALERT-Bragar-Eagel-Squire-P-C-Reminds-Investors-that-a-Class-Action-Lawsuit-Has-Been-Filed-Against-Sunnova-Energy-International-Inc-and-Encourages-Investors-to-Con.html286"},"modified":"2024-04-13T08:00:00","modified_gmt":"2024-04-13T01:00:00","slug":"sunnova-deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-sunnova-energy-international-inc-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/sunnova-deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-sunnova-energy-international-inc-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"SUNNOVA DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sunnova Energy International Inc. and Encourages Investors to Contact the Firm"},"content":{"rendered":"\n<p align=\"justify\">NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; 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. (\u201cSunnova\u201d or the \u201cCompany\u201d) (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 \u201cClass Period\u201d). Investors have until April 16, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">Click <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l0pvf8k3sahnRpKKNa-lH2j8lFGIj6jCdRLQDUuu0VxTJvX6755Lp5MJ-xfMZJAo84pxzDKxT3p_VOPHwJS7zA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"here\">here<\/a> to participate in the action.<\/p>\n<p align=\"justify\">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.&nbsp;<\/p>\n<p align=\"justify\">In September 2023, Sunnova entered into a $3.0 billion partial loan guarantee agreement with the U.S. Department of Energy\u2019s (\u201cDOE\u201d) Loan Programs Office (\u201cLPO\u201d) to support solar loans originated by Sunnova under a new solar loan channel named Project Hestia (the \u201cLPO Loan\u201d). In a press release detailing the LPO Loan, Sunnova stated that Project Hestia was expected to \u201cprovide disadvantaged homeowners and communities with increased access to clean, flexible power via Sunnova services by indirectly and partially guaranteeing the cash flows associated with consumers\u2019 loans\u201d and that Sunnova\u2019s \u201cpurpose-built technology\u201d was \u201cdesigned to improve customer insights regarding their power usage and will facilitate demand response behavior.\u201d<\/p>\n<p align=\"justify\">According to the complaint, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operations, and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Sunnova routinely engaged in predatory business practices against disadvantaged homeowners and communities, the same groups that Project Hestia was purportedly intended to benefit; (ii) the foregoing conduct subjected the Company to a heightened risk of regulatory and\/or governmental scrutiny, as well as significant reputational and\/or financial harm; and (iii) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.&nbsp;<\/p>\n<p align=\"justify\">On November 22, 2023, the Washington Free Beacon published an article entitled \u201cBiden Admin Gave $3 Billion Loan to Solar Company Accused of Scamming Elderly.\u201d The article revealed that several consumer complaints had been brought against the Company for issues ranging from maintenance delays to predatory sales tactics used against elderly homeowners.&nbsp;<\/p>\n<p align=\"justify\">Then, on December 8, 2023, Representative Cathy McMorris Rodgers (\u201cRodgers\u201d), Chair of the U.S. House Committee on Energy and Commerce (the \u201cHouse Energy Committee\u201d), and Senator John Barrasso (\u201cBarrasso\u201d), ranking member of the U.S. Senate Committee on Energy and Natural Resources (the \u201cSenate Energy Committee\u201d), sent a letter to the DOE and Sunnova seeking information related to the LPO Loan and Project Hestia following the release of the \u201cdisturbing\u201d reports regarding the Company. Specifically, the letter requested additional information regarding the LPO\u2019s awareness of and treatment of Sunnova\u2019s allegedly predatory business practices.&nbsp;<\/p>\n<p align=\"justify\">On this news, Sunnova\u2019s stock price fell $2.00 per share, or 16.12%, to close at $10.41 per share on December 8, 2023.&nbsp;<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Sunnova shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Marion Passmore by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4LpYKNSaPoC4lQiNVYr2AUCZOPyWYWTA5ZMM944ttUE3ZYn8fcycZ0ehV9FKJsx3wBDlt_iW1CnUxJOPM0OoRSmxq2V-4nZ_BV5G6pYXrZ4=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investigations@bespc.com\">investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=f7xslKaUlPdaaLZDhYv0KRGA6R1ro5cnnP71QzGqLgjY-Q7RdUAEOeO7o2H60fRu6PiA6AXm3-oELOSBW61MxuI01zQRhOnaICelN1YA01JsKd3G7Rket9bq6maF9EUh\" rel=\"nofollow noopener\" target=\"_blank\" title=\"filling out this contact form\">filling out this contact form<\/a>. There is no cost or obligation to you.<\/p>\n<p><strong>About Bragar Eagel &amp; Squire, P.C.:<\/strong><\/p>\n<p align=\"justify\">Bragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kpmQigvgfZlYnFZmz8Q7eKQVkBd8MqjlRAY3_jX8UAQdiDYeWFNA2yBha7YjgeGEfUFdB4x946Ti4D__1kFnzQ==\" rel=\"nofollow noopener\" target=\"_blank\" title><u>www.bespc.com<\/u><\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p><strong>Contact Information:<\/strong><\/p>\n<p>Bragar Eagel &amp; Squire, P.C.<br \/>Brandon Walker, Esq.<br \/>Marion Passmore, Esq.<br \/>(212) 355-4648<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4LpYKNSaPoC4lQiNVYr2AUCZOPyWYWTA5ZMM944ttUHZbHNwgCy-ntYY4KeDUYSS5fuD9i7Csts87Pr-i-B_8n4ZxCjL8xdC7YJ7jRk_4Q4=\" rel=\"nofollow noopener\" target=\"_blank\" title><u>investigations@bespc.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kpmQigvgfZlYnFZmz8Q7eI7qKvruNxxYqlb-fsu_gl9uabDe8GoJJTxw5WXJMIlJpakZrI7_RyXlLiUtDiGE0g==\" rel=\"nofollow noopener\" target=\"_blank\" title><u>www.bespc.com<\/u><\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NTVkMWIxMjktNzc0MS00NDAzLTk3MGYtZjE4N2IzNWRiM2NlLTExMTE5Njk=\/tiny\/Bragar-Eagel-Squire.png\" referrerpolicy=\"no-referrer-when-downgrade\"> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; 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. (\u201cSunnova\u201d or the \u201cCompany\u201d) (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 \u201cClass&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5679,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[75,1406],"tags":[],"class_list":["post-5678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-globenewswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SUNNOVA DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. 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(\u201cSunnova\u201d or the \u201cCompany\u201d) (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 \u201cClass...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoinsider.asia\/vi\/sunnova-deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-sunnova-energy-international-inc-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Insider\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/yourcryptoinsider\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-13T01:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ml.globenewswire.com\/media\/NTVkMWIxMjktNzc0MS00NDAzLTk3MGYtZjE4N2IzNWRiM2NlLTExMTE5Njk=\/tiny\/Bragar-Eagel-Squire.png\" \/>\n<meta name=\"author\" content=\"Crypto Insider\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0110\u01b0\u1ee3c vi\u1ebft b\u1edfi\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Insider\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u01af\u1edbc t\u00ednh th\u1eddi gian \u0111\u1ecdc\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 ph\u00fat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptoinsider.asia\\\/vi\\\/sunnova-deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-sunnova-energy-international-inc-and-encourages-investors-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptoinsider.asia\\\/vi\\\/sunnova-deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-sunnova-energy-international-inc-and-encourages-investors-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Crypto Insider\",\"@id\":\"https:\\\/\\\/cryptoinsider.asia\\\/#\\\/schema\\\/person\\\/e81ca31713268a414ddbed321d3383d6\"},\"headline\":\"SUNNOVA DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. 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