financetom
Business
financetom
/
Business
/
Sunnova Energy's Chapter 11 bankruptcy plan confirmed by US court
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sunnova Energy's Chapter 11 bankruptcy plan confirmed by US court
Nov 12, 2025 8:50 AM

Nov 12 (Reuters) - Sunnova Energy ( NOVAQ ) said on

Wednesday a U.S. bankruptcy court has confirmed its Chapter 11

plan, after the sale of most of its assets to Solaris Assets.

The company had filed for Chapter 11 bankruptcy protection

in June, as the residential solar panel installer was pressured

by mounting debt and weakening demand.

The approval by the Bankruptcy Court for the Southern

District of Texas follows the previously approved sale of

substantially all of Sunnova's assets and business operations to

Solaris Assets.

Under the confirmed plan, a creditor trustee will be

appointed to distribute the sale proceeds to creditors and

manage the closure of the company's remaining operations.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nike to Cut 1,400 Jobs in Global Operations
Nike to Cut 1,400 Jobs in Global Operations
Apr 23, 2026
05:35 PM EDT, 04/23/2026 (MT Newswires) -- Nike ( NKE ) plans to cut 1,400 jobs in global operations, with most of the reductions coming in the technology division. In the coming weeks, several significant changes will take effect across global operations, the company said Thursday in a statement. These actions will result in changes to some team structures, work...
Acadia Healthcare Appoints David Duckworth as Interim CFO; Reaffirms Q1, 2026 Guidance
Acadia Healthcare Appoints David Duckworth as Interim CFO; Reaffirms Q1, 2026 Guidance
Apr 23, 2026
05:35 PM EDT, 04/23/2026 (MT Newswires) -- Acadia Healthcare ( ACHC ) said late Thursday it named David Duckworth as interim chief financial officer, starting May 1. Duckworth will succeed Todd Young, who is departing the company for a CFO role in an animal health firm, according to a statement. Young will remain at the company through April 30, the...
Beacon Financial Names Gary Levante as Chief Marketing Officer
Beacon Financial Names Gary Levante as Chief Marketing Officer
Apr 23, 2026
05:33 PM EDT, 04/23/2026 (MT Newswires) -- Beacon Financial ( BBT ) said late Thursday it appointed Gary Levante as chief marketing officer. Levante most recently served as chief communication & sustainability officer at Berkshire Bank, the company said. ...
BQE Water's Q4 Profit Rises on Higher Revenue
BQE Water's Q4 Profit Rises on Higher Revenue
Apr 23, 2026
05:35 PM EDT, 04/23/2026 (MT Newswires) -- BQE Water ( BTQNF ) on Thursday reported a 36% rise in its fourth-quarter profit on higher revenue. Net income for the three months ended Dec. 31 rose to $1.65 million from $1.21 million in the same period a year earlier. Revenue for the quarter rose to $7.50 million from $5.09 million in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved