Don't want ads? Subscribe or login now.

Sunnova's $15M Asset Sale Approved To Ease Cash Crunch

By Ben Zigterman · June 11, 2025, 8:52 PM EDT

Sunnova, a major residential solar panel designer, secured a Texas bankruptcy judge's permission Wednesday to sell some of its assets for $15 million to raise liquidity while it moves through Chapter...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Houston-based Sunnova filed for Chapter 11 protection, saying high inflation, elevated interest rates and an industry downturn ate away at its working capital. Those struggles caused the firm to fall behind on $367 million in payments to its contractors, which find customers and oversee the installation of Sunnova's solar panel systems at their homes.

Case Number

4:25-bk-90160

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

View Full Scorecard