The latest announcement is out from Sunnova Energy International ( (NOVA) ).
On March 2, 2025, Sunnova Solstice Borrower, LLC, a subsidiary of Sunnova Energy International, entered into a $185 million Term Loan Agreement with Wilmington Trust, National Association as the agent. The loan, which bears an interest rate of 15% per annum, is intended for general working capital purposes and is secured by various assets, including membership interests and cash flows from existing securitization transactions. Additionally, on February 26, 2025, Sunnova’s Board of Directors approved compensation arrangements for its named executive officers, deciding not to pay annual incentive bonuses for 2024 due to market challenges, despite achieving 89.41% of corporate performance metrics. However, long-term incentive awards were granted to the executives, with vesting scheduled for March 5, 2025.
More about Sunnova Energy International
Sunnova Energy International Inc. operates in the renewable energy industry, primarily offering solar energy services and solutions. The company focuses on providing solar power to residential and commercial customers, positioning itself as a key player in the clean energy market.
YTD Price Performance: -58.50%
Average Trading Volume: 9,386,654
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $207.4M
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