Residential solar company Sunnova Energy filed for bankruptcy Sunday, June 8, after laying off more than half its employees the previous week. The Houston-based company cited mounting debt and ...
Another day, another big solar installer faces bankruptcy. This time, the latest company to face the "solar coaster" is Sunnova Energy International, which is looking down the barrel at a cash flow ...
Sunnova and Sunrun rely on Asset Backed Securitizations to fund operations, but in my opinion, this model is unsustainable in a high interest rate environment. Sunnova and Sunrun focus on solar ...
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Houston solar company Sunnova Energy warns there's 'substantial doubt' it will stay in business
Sunnova Energy, once among the most valuable solar companies in the United States, warned Monday that there’s “substantial doubt” it will stay in business in the next year. The news tanked the Houston ...
Sunnova Energy International said Monday it has “substantial doubt” it can stay in business in the next year, putting a spotlight on challenges facing the solar industry as the fate of key tax credits ...
Long-term interest rates continue to rise. Investors are increasingly uncertain about clean energy incentives remaining in place following Trump's election. Both factors are major headwinds for these ...
Green workers install a residential grid-tied solar array on a hillside in Malibu, California, USA. Credit - Universal Images Group via Getty—Peter Bennett When I had lunch with then-Sunnova CEO John ...
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today a strategic partnership with OpenSolar, a ...
(Reuters) -Sunnova Energy said on Wednesday that it has agreed to sell a portion of its residential solar installation business to Omnidian for $7 million in cash, along with the assumption of certain ...
Sunnova Energy, a leading rooftop solar and battery storage company based in Houston, has laid off more than 15% of its workforce. Nearly 300 positions were eliminated in the layoffs effective Monday, ...
HOUSTON--(BUSINESS WIRE)-- Sunnova Energy International Inc. (NOVA), a leading adaptive energy services company, unveiled a solar and battery storage-integrated, Zero Energy Ready Home (ZERH) at ...
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