Sunnova files Chapter 11 bankruptcy; agrees to sell assets for $15M and $16M

Sunnova Energy International Inc.

On June 8, 2025, Sunnova and subsidiaries filed voluntary Chapter 11 petitions in the Southern District of Texas.
Entered TEPH Asset Purchase Agreement to sell certain solar assets to Sunnova TEP Holdings for $15M cash.
Entered Solar Power System Purchase Agreement with Lennar Homes to sell New Home WIP assets for approx $16M.
Company warns common stockholders may experience a significant or complete loss on their investment.
TEPH credit facility commitment reduced to $0; incremental advances subject to conditions.

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