Sunnova Energy International Inc. filed for bankruptcy after the residential solar company struggled to convince creditors to give it funding to turn around the business in an out-of-court process.
The Houston-based firm sought Chapter 11 protection on June 1, documents in the US Bankruptcy Court for the Southern District of Texas show. The company listed assets of $100 million to $500 million and liabilities in the same range in its petition.
The business for rooftop solar has been tough as high interest rates and lower state incentives have made the clean energy equipment more expensive for consumers. A Sunnova rival, ...
