Why Sunnova Energy Stock Spiked Today
Shares of Sunnova Energy International (NYSE: NOVA) jumped today after an analyst at Roth Capital Partners said that a short-seller report about Sunnova published yesterday "misses the mark."
Shares of the residential solar and energy-storage company were up by as much as 13.4% today and had risen 12.5% as of 1:45 p.m. EDT.
Just yesterday, shares of Sunnova Energy fell after short-seller Spruce Point Capital Management released a report saying that investors should be worried about the state of the solar industry and that customers are focusing more on buying solar panels, as opposed to leasing them from companies like Sunnova. Spruce Point also said investors should worry about "corporate governance concerns and insider activity" at Sunnova.
Source Fool.com
