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A rooftop solar system in Connecticut. Image: Sunnova.

Sunnova lays off 55% of workforce, subsidiary files Chapter 11 bankruptcy

June 9, 2025
US residential solar installer Sunnova has laid off more than half of its workforce, while a subsidiary from Delaware filed for Chapter 11 bankruptcy.
A rooftop solar installation.

US DOE downsizes loan guarantee to Sunnova from US$3 billion to US$372 million

June 2, 2025
The US Department of Energy has downsized a loan to US residential solar installer Sunnova from an initial US$3 billion to US$371.6 million.
A Sunnova rooftop solar project.
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‘We want it to feel like magic’: Sunnova on saving time with AI rooftop solar designs

April 8, 2025
"With the advent of AI, we’re able to take that 15-minute turnaround, at best, and take it down to 30 seconds," claims Sunnova's Jake Wachman.
Sunnova

Sunnova issued non-compliance letter from NYSE over low stock price

April 7, 2025
Sunnova has received a notice of non-compliance from the New York Stock Exchange requiring it to raise its stock price to a minimum of US$1.
A rooftop solar installation.

Sunnova appoints Robyn Liska as interim CFO to recover from US$447.8 million losses in 2024

April 3, 2025
Sunnova has appointed a new interim chief financial officer as it continues to repair damage done to its finances.
Sunnova in Puerto Rico.

Sunnova revenues rise in 2024, issues future concerns amid ‘terrible’ political & financial environment

March 4, 2025
Despite revenue improvements, the company signalled doubts over its ability to continue operations and stay afloat over the coming year.
Sunnova in Puerto Rico.

Sunnova to cut 300 jobs amid ‘high interest rates’ and ‘policy uncertainty’

February 18, 2025
Sunnova said the job cuts are part of “an optimisation of its business" and the cuts will save around US$35 million.
Sunnova

Sunnova posts net losses of US$52.5 million in Q3, maintains US$100 million generation forecast

November 1, 2024
US residential solar installer Sunnova has published its financial results for Q3 2024, which include net losses of US$52.5 million.
Sunnova in Puerto Rico.

Sunnova reports reduced losses of US$79.7 million in Q2 2024 results

August 1, 2024
US firm Sunnova has reported reduced losses in the second quarter of 2024, with losses falling to US$79.7 million.
A rooftop solar system in Connecticut. Image: Sunnova.

Sunnova Q1 customer additions decrease, to rely on ‘lease and PPA customers’ in 2024

May 3, 2024
Sunnova's new customer additions continued to drop in the first quarter in 2024, but its adjusted EBITDA increased by over 200%.

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