the United States, announced on June 5 that it would lay off about 55% of its workforce, involving 718 employees. Designed to reduce operating expenses in response to the company's significant challenges. At present, the company is facing the double pressure of huge debt and low market demand, and is pushing forward the debt restructuring plan.
This year, as an old photovoltaic enterprise , Sunnova is in trouble. In February, Sunnova announced 15% layoffs, and in March, Sunnova issued a warning that it might not be able to continue its business, and its share price plunged 64%. According to the Wall Street Journal on May 20, Sunnova is preparing to file for bankruptcy protection.
In addition, on June 3, a subsidiary of Sunnova announced that it had filed for bankruptcy protection.