According to foreign media reports, on June 3, a subsidiary of Sunnova Energy, a troubled US residential solar company , made a Sunnova TEP Developer LLC. On June 1 , it filed for bankruptcy protection in the Southern District of Texas under Chapter 11 of the U.S. Bankruptcy Code.
In Sunnova's bankruptcy filing, the subsidiary had assets and liabilities of $ 100 million to $500 million . As a result, Sunnova's shares plunged nearly 9% at the close of trading on June 2.
followed in March by Sunnova's 2024 earnings release. Earnings data show that the company achieved revenue of $ 840 million in 2024, an increase of 17% compared with 2023; However, its net profit loss was as high as 448 million US dollars , which was further expanded compared with the loss of 418 million US dollars in 2023;
On May 20, the Wall Street Journal reported that Sunnova was preparing to file for bankruptcy protection ;
By May 28, US President Donald Trump had canceled $ 2.92 billion in Sunnova.
Layoffs to save themselves were fruitless, profits fell short of expectations, and guarantees of $2.92 billion were cancelled . Under a series of blows, the https://www.databm. that once dominated the United States < a href = ".
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