Solar installer Sunnova has issued a “continuous attention” warning because the company lacks cash.
this in stock Currently, as investors measure the risk of Sunni travel to bankruptcy, it is currently at a rate of 68%, which is a regular result for companies that issue such warnings. To avoid bankruptcy, Sunnova said on Monday it plans to refinance debt, increase debt and cut spending.
Houston-based Sunni is one of the largest solar installers in the United States, bringing in $840 million in revenue last year. Sonnova Report The net loss in 2024 was US$447 million, narrower than the previous year. The company was once priced at $4.5 billion. Since then, its market value has fallen to $63 million.
The news comes as the solar industry has been preparing for the difficult road ahead. Last week, Sunrun, the largest installer in the country, reduce Its guide to cash generation in 2025, and the installation is expected to be flat this year.
Much of the turmoil in the industry can be traced back to high interest rates and uncertainties regarding the future of the inflation reduction bill.
In the past, solar installers have benefited greatly from low interest rates, which makes solar loans and leasing attractive to consumers. By selling the cost of rooftop solar for years, consumers don’t have to pay upfront and usually save relative to their monthly utility bills. However, as interest rates rise, it may take longer for consumers to benefit financially.
In terms of policy, the “Inflation Reduction Act” Extended tax credit It will expire at the end of last year. New credits continue until 2032, despite the Trump administration’s vow to unveil the law.
There is no bleak prospect everywhere. The first solar energy, a large solar energy manufacturer, Defeat the street In its fourth-quarter earnings report, the stock is sent out. In many cases, solar energy remains the cheapest new generation capacity.
There is a reason insiders call the industry a “solar roller coaster”.
