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Sunnova Energy International (NOVA) just unveiled an update.
Sunnova Energy International Inc. has issued a series of Loan Backed Notes totaling $227 million with varying interest rates and a repayment date set for February 2031, aimed at qualified institutional buyers. These notes are backed by a portfolio of consumer loans for residential energy solutions and have received investment-grade ratings from Fitch. Additionally, the company’s executive compensation for 2024 includes revised salaries and incentive plans, with a focus on long-term performance through stock options and restricted stock unit awards. Proceeds from the notes will be used to manage existing debts and invest in the company’s growth initiatives.
For a thorough assessment of NOVA stock, go to TipRanks’ Stock Analysis page.