Why Sunnova Energy Stock Dropped 7.5% on Monday

Why Sunnova Energy Stock Dropped 7.5% on Monday
·1 min read

Shares of Sunnova Energy International (NYSE: NOVA) jumped by as much as 14.3% in trading on Monday after the company announced plans for a large new debt offering, but the stock closed the trading session down 7.5%. There are a couple of reasons Wall Street might not be excited about Sunnova's newest debt offering. Another concern is that Sunnova is still losing money and burning through cash.

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