By Denny Jacob
Sunnova Energy International shares tumbled 13% in premarket trading after The Wall Street Journal reported the company is preparing to explore options including a potential bankruptcy filing.
Shares were trading around 32 cents. The stock is down 91% over the last year.
The Journal reported that the rooftop solar company is preparing to engage with creditors to explore options including a potential bankruptcy filling over its roughly $8.5 billion in debt, citing people familiar with the matter.
The company is putting together financial information and could begin negotiating with lenders and bondholders about ways to cut its debt and address near-term maturities, either in or out of bankruptcy court, according to the report.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 13, 2025 06:38 ET (10:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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