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Sunnova Receives Continued Listing Notice from NYSE

1. Sunnova received NYSE notice for not maintaining $1 average share price. 2. Company must address compliance to avoid potential delisting risks.

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FAQ

Why Bearish?

Failure to comply with NYSE listing standards could lead to delisting, impacting investor confidence, similar to past instances with companies like Chesapeake Energy, which faced significant share price drops before eventual recovery.

How important is it?

The compliance issue is critical for NOVA's future as it relates to stock market viability, affecting investor perception and stock stability.

Why Short Term?

Immediate investor reaction likely as the news raises concerns over compliance status; however, if addressed timely, recovery may occur.

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CHKACVESRNE
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (the “Company”) (NYSE: NOVA) today announced that on April 1, 2025 it received a notification letter from the New York Stock Exchange (“NYSE”) stating that the Company is not in compliance with the continued listing standards set forth in Rule 802.01C of the NYSE Listed Company Manual, which requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period (the “Notice”). Th.

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