Sunnova Energy gains on plan to halve workforce

ReutersJun 6, 2025 2:40 PM

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Shares of residential solar firm Sunnova Energy NOVA.N rise 6.2% to 21 cents

Company to cut about 55% of its workforce, or 718 employees, in a bid to slash costs amid huge debt pile and sluggish demand

Unit Sunnova TEP Developer also filed for Chapter 11 bankruptcy protection in the U.S.

Including session's moves, NOVA down 93.8% YTD

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