Updated:
Sunnova Energy International Inc.
Sunnova Energy International Inc., a former residential solar provider, filed for Chapter 11 in 2025 and sold its assets.
Sunnova Energy International Inc.
Sunnova Energy International Inc. was a residential solar and storage provider founded in 2012 by William J. "Bill" Berger. The firm provided leases, loans, and power-purchase agreements to homeowners, operating primarily in the U.S. with offices in Houston, Petaluma, and Nashville. The firm's business model centered on originating and servicing residential solar systems. Sunnova owned a national portfolio of customer contracts and was publicly traded on the NYSE under the ticker NOVA. The company deployed capital across installation financing, system leasing, and battery storage. Portfolio holdings were single-asset class (residential solar) and 100% U.S.-focused. Sunnova's size peaked with over 500,000 customers and a market capitalization above $3B in early 2024. The company maintained offices in three U.S. cities but did not operate additional investment vehicles or philanthropic structures. In July 2025, Sunnova filed for Chapter 11 bankruptcy and sold substantially all assets to new owners via a court-supervised process (per Business Wire, July 2025). SunStrong Management now services the acquired customer accounts; GoodLeap is facilitating completion of in-progress installations. The structural distinctiveness of Sunnova lies in its bankruptcy exit: unlike many solar lenders that liquidated, Sunnova's asset sale preserved customer service continuity through an established asset manager. The firm itself has ceased operations and holds no remaining investment function.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Houston
Corporate office
Houston, TX, United States
Additional offices
Petaluma, CA, United States · Nashville, TN, United States
Sector focus
Frequently asked questions
What happened to Sunnova's operations after its bankruptcy sale?
Sunnova ceased independent operations in July 2025. SunStrong Management, an asset manager for renewables, assumed responsibility for servicing customer systems acquired by the new owner group. GoodLeap is working to complete certain in-progress installations.
Is Sunnova still a publicly traded company?
Sunnova was publicly traded under NOVA on the NYSE. Following its Chapter 11 filing and asset sale, the company no longer operates as an independent entity. Its public trading status has effectively ended.
Who manages customer accounts now?
SunStrong Management, a full-service asset manager focused on renewables, manages accounts for customer systems acquired in the sale. Sunnova's own servicing staff has been replaced by SunStrong's operations and maintenance teams.
What assets did Sunnova own before the sale?
Sunnova owned a national portfolio of residential solar leases, loans, and power-purchase agreements. The company also held contracts for storage systems and had a network of dealer-installers. All operating assets were sold to new owners.
Does Sunnova have any ongoing investment activities?
No. Sunnova has ceased all operations and has no remaining investment function. The entity exists only as a shell following the asset sale, with no deployment or portfolio activity.
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