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An announcement from Sunnova Energy International ( (NOVA) ) is now available.
On June 8, 2025, Sunnova Energy International Inc. and its affiliates filed for Chapter 11 bankruptcy in the Southern District of Texas. The company aims to continue operations as debtors in possession while seeking to sell certain assets under court supervision. This move is expected to impact its stock listing on the NYSE, potentially leading to delisting. The bankruptcy filing has accelerated certain debt obligations and may affect relationships with stakeholders, including employees and vendors.
The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.
Spark’s Take on NOVA Stock
According to Spark, TipRanks’ AI Analyst, NOVA is a Neutral.
The overall stock score for Sunnova Energy is driven by persistent financial challenges, including negative profitability and high leverage. The technical analysis supports a bearish outlook, and corporate events highlight significant operational risks. Valuation metrics further underscore the stock’s unattractiveness.
To see Spark’s full report on NOVA stock, click here.
More about Sunnova Energy International
Sunnova Energy International Inc. operates in the renewable energy industry, primarily focusing on providing solar energy solutions. The company is involved in the management and servicing of solar energy systems, catering to residential and commercial markets.
Average Trading Volume: 14,443,207
Technical Sentiment Signal: Sell
Current Market Cap: $27.68M
For an in-depth examination of NOVA stock, go to TipRanks’ Stock Analysis page.