Sunnova Energy Files for Chapter 11 Bankruptcy

Sunnova Energy International ( (NOVA) ) has issued an announcement.

On June 8, 2025, Sunnova Energy International Inc. and its subsidiaries filed for Chapter 11 bankruptcy in the Southern District of Texas. As part of the proceedings, Sunnova entered into several agreements, including a credit agreement and asset purchase agreements, to restructure its financial commitments and sell certain assets. These transactions, involving significant cash considerations, aim to address the company’s financial challenges and facilitate its reorganization under bankruptcy protection.

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 offers solar power systems and related services, targeting residential and commercial markets.

Average Trading Volume: 14,443,207

Technical Sentiment Signal: Sell

Current Market Cap: $27.68M

Learn more about NOVA stock on TipRanks’ Stock Analysis page.