Sunnova Energy to cut 55% of workforce; shares fall

ReutersJun 5, 2025 9:43 PM

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Shares of residential solar firm Sunnova Energy NOVA.N falls ~2% to $0.20 in extended trading

NOVA says it will cut about 55% of its workforce, or 718 employees, in a bid to shave costs, as the company grapples with a massive debt pile and sluggish demand

Company did not provide details on the charges it would incur in relation to the layoffs

As of last close, shares are down 94% YTD

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