Sunnova Energy Extends Forbearance Agreement Amid Challenges

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

On May 29, 2025, Sunnova Energy International Inc. announced an extension of their Forbearance Agreement related to their senior notes, initially dated May 2, 2025. This extension, which pushes the forbearance period to June 2, 2025, is crucial for the company as it navigates financial challenges, including a deferred interest payment on their 11.750% Senior Notes, which could impact their financial stability and stakeholder relations.

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, focusing on providing solar energy solutions and services. The company is involved in the distribution and management of solar energy systems, catering to residential and commercial markets.

Average Trading Volume: 18,674,827

Technical Sentiment Signal: Sell

Current Market Cap: $26.83M

See more data about NOVA stock on TipRanks’ Stock Analysis page.