Sunnova Energy Files for Chapter 11 Bankruptcy

An announcement from Sunnova Energy International ( (NOVA) ) is now available.

On June 8, 2025, Sunnova Energy International Inc. and its subsidiaries filed for Chapter 11 bankruptcy to facilitate a sale process for certain assets and business operations. The New York Stock Exchange has commenced proceedings to delist Sunnova’s common stock, which is expected to trade on the Pink Open Market, potentially resulting in a less liquid market. Sunnova has entered into agreements to sell certain assets to ATLAS SP Partners and Lennar Homes, LLC, securing new capital to support operations during the bankruptcy process. The company plans to continue its operations and maintain customer service throughout the sale process, aiming to maximize value for stakeholders.

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.

Sunnova Energy’s overall stock score is significantly impacted by its financial instability and recent filing for Chapter 11 bankruptcy. While the company shows potential in the growing solar industry, high leverage and negative cash flows are major concerns. The technical analysis provides a neutral outlook but does not offset the severe financial and corporate challenges.

To see Spark’s full report on NOVA stock, click here.

More about Sunnova Energy International

Sunnova Energy International Inc. is an adaptive energy services company focused on making clean energy more accessible, reliable, and affordable for homeowners and businesses. Through its adaptive energy platform, Sunnova provides better energy services at a better price to deliver its mission of powering energy independence.

Average Trading Volume: 13,814,326

Technical Sentiment Signal: Sell

Current Market Cap: $27.68M

Find detailed analytics on NOVA stock on TipRanks’ Stock Analysis page.