Sunnova Energy Delays Quarterly Report Filing

Sunnova Energy International ( (NOVA) ) has released a notification of late filing.

Sunnova Energy International has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to ongoing discussions and negotiations with third parties concerning the company’s indebtedness, which have occupied management’s time and resources. The company anticipates filing the report within five calendar days following the prescribed due date. Financially, Sunnova expects a significant decline in results compared to the previous year, with a net loss increasing from $90.1 million to $264.7 million, partly due to a $96.0 million non-cash impairment. Forward-looking statements indicate potential risks, including the possibility of bankruptcy if financial strategies are not successfully implemented. The company remains committed to compliance, as indicated by the signature of CEO Paul S. Mathews on the notification.

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

Average Trading Volume: 19,659,242

Technical Sentiment Signal: Sell

Current Market Cap: $25.51M

For an in-depth examination of NOVA stock, go to TipRanks’ Stock Analysis page.