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Collapse of the Once High-Flying Solar Stocks: Another Bankruptcy Among Our 8 Imploded Solar Stocks
Houston-Based residential solar company Sunnova Energy sought relief through a Chapter 11 bankruptcy petition in Texas on Sunday.
The filing followed Sunnova's March warning about going concern doubts and the Trump administration's cancellation last month of a $2.92 billion Biden-era loan guarantee.
The company listed estimated assets and liabilities between $10 billion and $50 billion, reported $10.67 billion in debt as of December 31, 2025, and last week announced layoffs of about 55% of its workforce.
Sunnova pointed to persistently elevated interest rates combined with regulatory and political challenges as factors that have dampened consumer demand and limited access to capital within the US residential solar market.
The bankruptcy underscores industry fragility amid subsidy reductions and high costs, with Sunnova joining other major solar firms facing distress without government support.