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.
Overview
- 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.