Sunnova Energy rises as Oaktree buys up position in co's debt ahead of talks
ReutersMar 20, 2025 4:52 PM
Shares of residential solar firm Sunnova Energy International NOVA.N rise 35.8% to 50 cents
Company rises on report that Oaktree Capital Management has been buying up debt in NOVA as it prepares for negotiations with creditors to address troubled capital structure
According to Bloomberg News, Oaktree has been making the purchases in recent days and has accumalated around $400 mln of NOVA's debt
Company's net long-term debt stood at $8.13 billion for the year ended December 31, 2024
Including session's moves, stock down 85.3% YTD
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