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Sunnova Adopts Tax Asset Preservation Plan Designed to Protect the Availability of its Net Operating Losses

1. Sunnova adopts a shareholder rights plan to protect tax attributes. 2. The company holds ~$1.4 billion in NOLs as of December 2024.

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Why Bullish?

The adoption of a shareholder rights plan signals proactive management. Historical context shows similar moves have resulted in stock price increases for companies preserving tax benefits.

How important is it?

The preservation of tax attributes directly improves Sunnova’s financial positioning, potentially influencing investor sentiment positively.

Why Long Term?

The preservation of NOLs suggests sustained future profitability, impacting long-term investor confidence.

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SOLNEEENPH
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) announced today that its Board of Directors adopted a shareholder rights plan designed to protect long-term shareholder value by preserving the availability of Sunnova's net operating loss carryforwards (“NOLs”) and other tax attributes under the Internal Revenue Code (“Tax Asset Preservation Plan”). As of December 31, 2024, Sunnova had approximately $1.4 billion of U.S. federal NOLs that could be available to.

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