Sunnova Energy: Another Big Solar Installer Teeters on the Edge of Bankruptcy

Another day, another big solar installer faces bankruptcy. This time, the latest company to face the "solar coaster" is Sunnova Energy International, which is looking down the barrel at a cash flow that's insufficient to meet its obligations and fund operations. "While total cash increased, unrestricted cash remained relatively flat, below our estimated $100 million increase," said John Berger, Sunnova's founder and CEO. "This miss was primarily due to lower tax equity contributions stemming from timing del ...