Sunnova Energy Files for Chapter 11 Bankruptcy

The latest announcement is out from Sunnova Energy International ( (NOVAQ) ).

On June 8, 2025, Sunnova Energy International, along with its subsidiaries, filed for Chapter 11 bankruptcy in the Southern District of Texas. To support its operations during the bankruptcy proceedings, the company secured a $90 million debtor-in-possession loan. Additionally, Sunnova entered into an asset purchase agreement with Solaris Assets, LLC, to sell most of its assets, excluding certain tax equity partnerships, for $10 million in cash and a credit bid. The transaction is subject to higher offers from competing bidders through a court-supervised auction process.

The most recent analyst rating on (NOVAQ) 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 NOVAQ Stock Forecast page.

Spark’s Take on NOVAQ Stock

According to Spark, TipRanks’ AI Analyst, NOVAQ is a Underperform.

Sunnova Energy’s low overall stock score is driven by severe financial distress, highlighted by a Chapter 11 bankruptcy filing and potential delisting. Persistent losses, high leverage, and bearish technical indicators further compound the negative outlook. The company’s poor valuation and liquidity concerns underscore the need for cautious consideration by investors.

To see Spark’s full report on NOVAQ 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, aiming to enhance energy independence and sustainability for its customers.

Average Trading Volume: 12,934,189

Technical Sentiment Signal: Sell

Current Market Cap: $263.9K

See more data about NOVAQ stock on TipRanks’ Stock Analysis page.