Sunnova Energy's Chapter 11 bankruptcy plan approved by court

[Installing solar panels, Renewable energy clean and good environment.]
bombermoon/iStock via Getty Images

Sunnova Energy (OTC:NOVAQ [https://seekingalpha.com/symbol/NOVAQ]) said Wednesday the U.S. Bankruptcy Court for the Southern District of Texas confirmed [https://www.businesswire.com/news/home/20251110916669/en/Sunnova-Receives-Court-Approval-of-Chapter-11-Plan] the company’s Chapter 11 plan, following the previously approved sale of most of its assets and business operations to Solaris Assets.

Sunnova (OTC:NOVAQ [https://seekingalpha.com/symbol/NOVAQ]) filed for Chapter 11 bankruptcy protection in June [https://seekingalpha.com/news/4456431-sunnova-energy-slips-38-files-for-chapter-11], pressured by mounting debt and weakening demand for its residential solar panels.

Under the confirmed plan, a creditor trustee will be appointed to distribute the sale proceeds to creditors and conduct an orderly wind-down of the company's remaining business operations.

MORE ON SUNNOVA ENERGY INTERNATIONAL

* Seeking Alpha’s Quant Rating on Sunnova Energy International [https://seekingalpha.com/symbol/NOVAQ/ratings/quant-ratings]
* Financial information for Sunnova Energy International [https://seekingalpha.com/symbol/NOVAQ/income-statement]