Sunnova Receives NYSE Notice Regarding Delayed Form 10-Q Filing
May 23 2025 - 4:07PM
Business Wire
Sunnova Energy International Inc. (“Sunnova” or the “Company”)
(NYSE: NOVA), an industry-leading adaptive energy services company,
today announced that it received a notice (the “Notice”) from the
New York Stock Exchange (the “NYSE”) indicating that the Company is
not in compliance with Section 802.01E of the NYSE Listed Company
Manual as a result of its failure to timely file its Quarterly
Report on Form 10-Q for the quarter ended March 31, 2025 (the “Form
10-Q”) with the Securities and Exchange Commission (the “SEC”).
The NYSE informed the Company that, under the NYSE’s rules, the
Company has six months from the original due date of the Form 10-Q,
or until November 19, 2025, to file the Form 10-Q and regain
compliance with the NYSE’s continued listing requirements. The NYSE
further noted that, if the Company fails to file the Form 10-Q and
any subsequent filings within the six-month period, the NYSE may
grant, in its sole discretion, an extension of up to six additional
months for the Company to regain compliance, depending on the
specific circumstances. The Notice also noted that the NYSE may
nevertheless commence delisting proceedings at any time if it deems
that the circumstances warrant.
As the Company reported in its Form 12b-25 filed with the SEC on
May 12, 2025, the Company is unable to file, without unreasonable
effort or expense, the Form 10-Q. The Company has been, and is
continuing its efforts, engaging with third parties in discussions
and negotiations relating to the indebtedness of the Company and
its subsidiaries. Such discussions and negotiations have diverted
management time and internal resources from the Company’s processes
for completing its disclosures related to the Form 10-Q. The
Company expects to file such report as soon as reasonably
practicable.
The Notice has no immediate effect on the listing of the
Company’s securities on the NYSE. There can be no assurance,
however, that the Company will be able to regain compliance with
the listing standards discussed above.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is an
industry-leading adaptive energy services company focused on making
clean energy more accessible, reliable, and affordable for
homeowners and businesses. Through its adaptive energy platform,
Sunnova provides a better energy service at a better price to
deliver its mission of powering energy independence™. For more
information, visit http://www.sunnova.com.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or the Company’s future financial or operating performance.
In some cases, you can identify forward-looking statements because
they contain words such as "may," "will," "should," "expects,"
"plans," "anticipates," "going to," "could," "intends," "target,"
"projects," "contemplates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these words or other
similar terms or expressions that concern the Company’s
expectations, strategy, priorities, plans or intentions.
Forward-looking statements in this release include, but are not
limited to, statements regarding the anticipated timing of the
filing of the Form 10-Q and the Company’s ability to regain
compliance with the continued listing requirements of the NYSE. All
statements, other than statements of historical fact, are
forward-looking statements. Any such forward-looking statements may
involve risk and uncertainties that could cause actual results to
differ materially from any future results encompassed within the
forward-looking statements. Factors that could cause or contribute
to such differences include, but are not limited to, the risks and
other important factors discussed under the caption “Risk Factors”
in the Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2024. These forward-looking statements should
not be relied upon as representing the Company’s views as of any
subsequent date, and the Company is under no obligation to, and
expressly disclaims any responsibility to, update or alter its
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250523689350/en/
Sunnova Media Contact Russell Wilkerson 203-581-2114
russell.wilkerson@sunnova.com Sunnova Investor Contact
877-770-5211 IR@sunnova.com
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