Is Jim Chanos Shorting These 5 Stocks?

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In this article, we ask is Jim Chanos shorting these 5 stocks. You can read our detailed analysis of Chanos’ hedge fund and its performance over the years or go directly to Is Jim Chanos Shorting These Stocks?

5. Sunnova Energy International Inc. (NYSE:NOVA)

Value of Put Option: $1.66 Million
Number of Hedge Fund Holders: 22

Sunnova Energy International Inc. (NYSE:NOVA) is a residential solar and energy storage service provider. The company offers various services, including maintenance, monitoring, repairs, replacements, and on-site power optimization. Chanos has been extremely skeptical about solar companies questioning their business model that entails spending millions of dollars on projects that only end up generating negative free cash flow.

Sunnova Energy International Inc. (NYSE:NOVA) caught the attention of legendary short investor Chanos in the second quarter as he initiated a short position worth $3.74 million. Nevertheless, the short seller trimmed his short bet to 158,600 shares valued at $1.67 million, accounting for 0.52% of the portfolio. Despite the skepticism about Sunnova Energy International Inc. (NYSE:NOVA)’s long-term prospects, the stock is up by about 70% yearly.

Follow Sunnova Energy International Inc. (NYSE:NOVA)

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