Sunnova Energy Faces Class Action Lawsuits Over Predatory Practices

Investors have until April 16, 2024, to join lawsuits alleging misleading statements and predatory tactics against disadvantaged communities.

Sunnova Energy International Inc. faces multiple class action lawsuits alleging predatory business practices and misleading statements.
The lawsuits cover a period from February 25, 2020, to December 7, 2023, with investors urged to join by April 16, 2024.
Allegations include engaging in predatory practices against disadvantaged homeowners and communities, particularly those intended to benefit from Project Hestia.
A congressional probe into Sunnova's sales practices prompted by reports of predatory tactics, including targeting elderly homeowners.
Sunnova's stock price fell significantly following the public disclosure of these allegations and the congressional inquiry.