Sunnova Energy Amends Loan Guarantee Agreement

Sunnova Energy International ( (NOVA) ) just unveiled an update.

On May 22, 2025, Sunnova Energy Corporation amended its Loan Guarantee Agreement with the U.S. Department of Energy, reducing the maximum aggregate amount of partial guarantees from $3 billion to $371.61 million due to a shift in customer demand from solar loans to leases and power purchase agreements. Additionally, the company announced a special bonus award for its CEO, Paul Mathews, contingent upon his continued employment through the end of 2025, and entered into a severance agreement with Interim CFO Robyn Liska, effective May 28, 2025, which notably lacks a non-compete clause.

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 Neutral.

Sunnova Energy’s overall stock score is primarily impacted by weak financial performance and challenging corporate events. While revenue growth in the solar industry is promising, persistent losses, high leverage, and regulatory issues pose significant risks. Technical indicators also suggest bearish momentum, and valuation metrics highlight ongoing financial struggles. These factors collectively contribute to a low overall score.

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 solutions. The company offers solar loans, leases, and power purchase agreements, catering to the growing demand for sustainable energy solutions.

Average Trading Volume: 18,879,520

Technical Sentiment Signal: Sell

Current Market Cap: $24.72M

For detailed information about NOVA stock, go to TipRanks’ Stock Analysis page.