Overview

• Sunnova Energy International and its subsidiary filed Chapter 11 petitions in the Southern District of Texas on June 9, listing between $10 billion and $50 billion in assets and liabilities
• Court documents show Sunnova carried $10.67 billion in debt as of December 31, 2024
• President Trump’s administration revoked a $2.92 billion loan guarantee last month that had been awarded under the Biden administration, deepening the company’s liquidity crisis
• Sunnova warned investors in March that there was “substantial doubt” about its ability to continue as a going concern, and its Sunnova TEP Developer unit filed for Chapter 11 on June 1
• After its stock tumbled to 22 cents per share, Sunnova expects to be delisted from the New York Stock Exchange as it negotiates restructuring