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An announcement from Sunnova Energy International ( (NOVA) ) is now available.
On May 15, 2025, Sunnova Energy International Inc. and other parties agreed to extend a Forbearance Agreement related to its senior notes, which was initially set to expire on May 8, 2025. This extension, now lasting until May 22, 2025, aims to prevent the acceleration of note maturity due to a previously deferred interest payment, thereby avoiding potential defaults and maintaining stability for stakeholders.
The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.
Spark’s Take on NOVA Stock
According to Spark, TipRanks’ AI Analyst, NOVA is a Underperform.
Sunnova Energy’s stock score is primarily impacted by persistent financial instability, high leverage, and liquidity concerns. Bearish technical indicators and unfavorable valuation metrics further contribute to a cautious outlook. While operational improvements and strategic changes offer some optimism, significant challenges remain.
To see Spark’s full report on NOVA stock, click here.
More about Sunnova Energy International
Sunnova Energy International Inc. operates in the renewable energy industry, primarily focusing on providing solar energy services and solutions. The company is involved in the installation, maintenance, and financing of solar energy systems for residential and commercial customers.
Average Trading Volume: 19,153,453
Technical Sentiment Signal: Sell
Current Market Cap: $27.35M
For an in-depth examination of NOVA stock, go to TipRanks’ Stock Analysis page.