# Sunnova continues to slide **URL:** \ **Category:** Renewable Energy\ **Created:** [February 12, 2025, 2:27pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392 "2025-02-12T14:27:15Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [February 12, 2025, 2:27pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/1 "2025-02-12T14:27:15Z")
Sunnove (NOVA) stock is now down to $2 as it struggles with debt management and speculation that it may have to declare bankruptcy. However, back in 2023 the company managed to secure a $3 billion loan guarantee from the DOE. > **[Sunnova lands $3B DOE backing for low-income solar and battery loans](https://www.canarymedia.com/articles/solar/sunnova-lands-3b-doe-backing-for-low-income-solar-and-battery-loans)** > > DOE’s first-ever “virtual power plant” conditional loan guarantee aims to bring solar-battery systems to underserved communities and help balance the grid. DB2 ---
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [February 13, 2025, 9:11pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/2 "2025-02-13T21:11:30Z")
> [@DrBob2](#): > > Sunnove (NOVA) stock is now down to $2 as it struggles with debt management and speculation that it may have to declare bankruptcy. Where is the source for the bankruptcy claim? ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [February 14, 2025, 10:42am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/3 "2025-02-14T10:42:52Z")
> [@jaagu](#): > > Where is the source for the bankruptcy claim? It was a year ago when the talk began. For example, > **[Sunnova Evaluating Options for Deeply Discounted Debt, CEO Says](https://news.bloomberglaw.com/bankruptcy-law/sunnova-evaluating-options-for-deeply-discounted-debt-ceo-says)** > > Sunnova Energy International Inc. is evaluating options for its corporate debt, the struggling rooftop solar company’s chief executive officer said following the release of first-quarter results. > **[Sunnova Energy Huddles With Adviser on Balance Sheet Options (3)](https://news.bloomberglaw.com/capital-markets/sunnova-energy-huddles-with-adviser-on-balance-sheet-options)** > > Sunnova Energy International Inc. is getting advice from Moelis & Co. as the solar power company wrestles with upcoming debt maturities, according to people with knowledge of the arrangement, who asked not to be identified discussing a private... DB2 ---
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [February 14, 2025, 11:22pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/4 "2025-02-14T23:22:20Z")
> [@DrBob2](#): > > It was a year ago when the talk began. So what is their condition currently? ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [February 15, 2025, 1:35pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/5 "2025-02-15T13:35:11Z")
> [@jaagu](#): > > So what is their condition currently? They have been surviving, but its Altman z-score is 0.03. Scores near zero indicate financial stress. Equity investors have been exiting; for example, last quarter Fidelity reduced its NOVA share position by half. YTD the share price is down by 50% and down over 80% in the last 12 months. DB2 ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [March 6, 2025, 11:18am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/6 "2025-03-06T11:18:35Z")
> [@DrBob2](#): > > They have been surviving, but its Altman z-score is 0.03. Scores near zero indicate financial stress. This week was terrible for NOVA stock as the company is warning it may go out of business. **Sunnova Energy Stock Sinks as the Company Warns It Might Go Out of Business. ‘The Overall Environment Is Terrible.’** [https://www.bloomberg.com/news/articles/2025-03-03/sunnova-s-71-stock-plunge-heralds-us-solar-s-state-of-chaos](https://www.bloomberg.com/news/articles/2025-03-03/sunnova-s-71-stock-plunge-heralds-us-solar-s-state-of-chaos) _Shares of Sunnova Energy International cratered Monday after the company issued a warning about its ability to keep operating, given the company’s cash constraints._ _The stock plunged 64% to 60 cents after the rooftop solar company said its unrestricted cash, cash flows from operating activities, and commitments under existing financing agreements were “not sufficient to meet obligations and fund operations.” It issued what is known as a “going concern” warning, which raises doubts about a company’s ability to stay in business._ _The rooftop solar industry has struggled lately, because fewer people are installing solar panels due to high interest rates and unfavorable or uncertain regulatory policies. As of December, energy-data firm Wood Mackenzie said 2024 U.S. installations were on track to fall 26% from the year before._ DB2 ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [April 9, 2025, 11:48am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/7 "2025-04-09T11:48:49Z")
Another month has passed and NOVA’s share price has been cut in half again (currently $0.27). Interestingly enough, Sunnova did report a profit of one cent this last quarter when expectations had been for a $0.73/share loss. DB2 ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [June 1, 2025, 9:51pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/8 "2025-06-01T21:51:29Z")
**Trump Administration Cancels $3 Billion Loan to Troubled Sunnova Energy** [https://www.energyconnects.com/news/renewables/2025/may/trump-administration-cancels-3-billion-loan-to-troubled-sunnova-energy/](https://www.energyconnects.com/news/renewables/2025/may/trump-administration-cancels-3-billion-loan-to-troubled-sunnova-energy/) _The Trump Administration terminated a $3 billion loan guarantee awarded to Sunnova Energy Intentional Inc. after the solar company told officials it no longer intended to tap into the facility._ _The US Department of Energy canceled the loan obligation Friday, according to Sunnova. The company had used about $371 million of the government loan guarantee, part of billions of dollars of financing offered by the Biden Administration to accelerate the deployment of clean energy and combat climate change…_ _The solar developer has been laying the groundwork for a bankruptcy filing that could come within weeks…_ DB2 ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [June 10, 2025, 10:58am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/9 "2025-06-10T10:58:11Z")
> **[Houston-based solar energy company Sunnova files for Chapter 11 bankruptcy |...](https://www.houstonpublicmedia.org/articles/news/business/2025/06/09/523486/houston-based-solar-energy-company-sunnova-files-for-chapter-11-bankruptcy/)** > > The bankruptcy filing came just days after the company laid off more than half its workforce. DB2 ---
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [June 12, 2025, 9:48am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/10 "2025-06-12T09:48:26Z")
> [@DrBob2](#): > > The company had used about $371 million of the government loan guarantee … Seems like you pick trivial stories while other others with much greater financial impact are ignored. Why don’t you look at the costs that Trump administration is causing by shutting down renewable energy funding and promoting coal energy. This is real fraud on the public and the power companies. ---
**Author:** ![Goofyhoofy](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/goofyhoofy/32/4721_2.png) [@Goofyhoofy](https://discussion.fool.com/u/Goofyhoofy)\ **Post date:** [June 12, 2025, 10:42am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/11 "2025-06-12T10:42:36Z")
> [@jaagu](#): > > Seems like you pick trivial stories while other others with much greater financial impact are ignored. Why don’t you look at the costs that Trump administration is causing by shutting down renewable energy funding and promoting coal energy. This is real fraud on the public and the power companies. He’s learned at the hands of Fox & similar: elevate the trivial and point at it repeatedly, and crowd out the important and make it small. It’s quite a playbook, and it seems to work, particularly with the uneducated and incurious. ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [June 12, 2025, 1:53pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/12 "2025-06-12T13:53:27Z")
> [@jaagu](#): > > Why don’t you look at the costs that Trump administration is causing by shutting down renewable energy funding and promoting coal energy. I may; there are, for example, a lot of subsidies that could be cut. On a kWh of produced energy basis, solar and wind subsidies are many times higher than for fossil fuels. > [@Goofyhoofy](#): > > …elevate the trivial and point at it repeatedly In addition to the small points (which illustrate some of the complexities of a complex situation) there are also large themes. Two examples: I think it is very important to know that over the last 10+ years, the percent of global primary energy from fossil fuels has only change by about one percentage point. I think it is also important to know that while EV sales in the US are growing, the percent of consumers who find it likely (or very likely) that their next car purchase with be an EV has declined from 25% in 2022 to 16% currently, a drop of one-third in just three years. DB2 ---
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [June 12, 2025, 8:26pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/13 "2025-06-12T20:26:26Z")
> [@DrBob2](#): > > On a kWh of produced energy basis, solar and wind subsidies are many times higher than for fossil fuels. On a kWh of produced energy basis, solar and wind subsidies result in cleaner air, less CO2 emissions, less toxic emissions, while fossil fuels emissions are making people sick and die, increasing global warming, polluting our water ways and oceans, and destroying flora and fauna. ---
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [June 15, 2025, 6:08am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/14 "2025-06-15T06:08:35Z")
> [@DrBob2](#): > > I think it is also important to know that while EV sales in the US are growing, the percent of consumers who find it likely (or very likely) that their next car purchase with be an EV has declined from 25% in 2022 to 16% currently, a drop of one-third in just three years. Yes you maybe right that EV purchases may not be as attractive currently because of the Trump/EPA elimination of tax credits and the Elon Musk unpopularity across the country. ---
**Author:** ![MarkR](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/markr/32/2011_2.png) [@MarkR](https://discussion.fool.com/u/MarkR)\ **Post date:** [June 15, 2025, 7:05am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/15 "2025-06-15T07:05:36Z")
> [@jaagu](#): > > that EV purchases may not be as attractive currently because of the Trump/EPA elimination of tax credits The tax credits for both the purchase of new EVs and for the purchase of used EVs is still in place. ---
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [June 15, 2025, 7:36am UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/16 "2025-06-15T07:36:56Z")
> [@MarkR](#): > > The tax credits for both the purchase of new EVs and for the purchase of used EVs is still in place. The $7,500 federal EV tax credit is currently scheduled to phase out for most new vehicles after December 31, 2025. [according to Kiplinger](https://www.kiplinger.com/taxes/whats-happening-with-the-ev-tax-credit) and [NPR](https://www.npr.org/2025/06/03/nx-s1-5414604/ev-tax-credits-republican-bill). A House bill proposes to eliminate the new and used EV tax credits, as well as the credits for commercial EVs and home charging stations, after 2025. ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [June 16, 2025, 1:54pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/17 "2025-06-16T13:54:56Z")
> [@jaagu](#): > > Yes you maybe right that EV purchases may not be as attractive currently because of the Trump/EPA elimination of tax credits and the Elon Musk unpopularity across the country. AAA data show that the decline started 2-3 years ago. **Survey finds interest in buying electric vehicles declining** [https://www.wwlp.com/news/massachusetts/survey-finds-interest-in-buying-electric-vehicles-declining/](https://www.wwlp.com/news/massachusetts/survey-finds-interest-in-buying-electric-vehicles-declining/) _Interest in electric vehicle purchases among U.S. adults drifted to **its lowest level since 2019** , according to a new AAA survey._ _The automobile group reported Tuesday that 16% of adults reported they were either likely or very likely to buy a fully electric vehicle as their next car. That’s down from 18% in 2024, 23% in 2023, and 25% in 2022._ _Despite 75 new electric vehicle models being introduced in the past four years, the percentage of consumers indicating they would be unlikely or very unlikely to purchase an EV rose from 51% in 2022 to 63% in 2025._ DB2 ---
**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\ **Post date:** [June 16, 2025, 5:11pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/18 "2025-06-16T17:11:15Z")
> [@DrBob2](#): > > AAA data show that the decline started 2-3 years ago. According to the provided information, here are the actual EV sales figures in the USA for the last 5 years: - **2024:** 1.3 million, which was a 7% increase compared to 2023. - **2023:** 1.077 million, [according to Edmunds](https://www.edmunds.com/electric-car/articles/how-many-electric-cars-in-us.html). Annual sales topped 1 million for the first time in 2023. - **2022:** 713,145, [according to Edmunds](https://www.edmunds.com/electric-car/articles/how-many-electric-cars-in-us.html). This was a 65% increase compared to 2021. - **2021:** 389,410, [according to Edmunds](https://www.edmunds.com/electric-car/articles/how-many-electric-cars-in-us.html). More than double the figure from 2020. - **2020:** 233,330, [according to Edmunds](https://www.edmunds.com/electric-car/articles/how-many-electric-cars-in-us.html). ---
**Author:** ![Goofyhoofy](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/goofyhoofy/32/4721_2.png) [@Goofyhoofy](https://discussion.fool.com/u/Goofyhoofy)\ **Post date:** [June 16, 2025, 9:57pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/19 "2025-06-16T21:57:18Z")
> [@DrBob2](#): > > AAA data show that the decline started 2-3 years ago. I’m remembering all the people who said “I would never have a computer in my house”. Also all those who said “My flip phone is fine” And those who said “I don’t need cable, I get my TV for free” People often say things they don’t mean or change their mind later. Marketers are careful not to accept these sorts of responses at face value. Yes, sometimes they’re spot on, but often they’re not. Want a list of things people said they didn’t want, that were even laughed at, and then sort of caught on? The lightbulb. The umbrella. Answering machines. Bicycles. Cheeseburgers. But I will say the oil & gas lobby is doing a bang-up job trying to stop the tide. ---
**Author:** ![MarkR](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/markr/32/2011_2.png) [@MarkR](https://discussion.fool.com/u/MarkR)\ **Post date:** [June 16, 2025, 10:20pm UTC](https://discussion.fool.com/t/sunnova-continues-to-slide/113392/20 "2025-06-16T22:20:10Z")
> [@Goofyhoofy](#): > > But I will say the oil & gas lobby is doing a bang-up job trying to stop the tide. Some of the automakers are also doing yeoman work towards slowing the adoption of EVs in the USA. They are doing this by producing substandard EVs that aren’t attracting customers fast enough. Shockingly, Toyota, perhaps the best automaker in the world, is one of the offenders (their bZ4X, for example, is a terrible EV, with a terrible name). [Next page](https://discussion.fool.com/t/sunnova-continues-to-slide/113392.md?page=2)