Sunnova issued non-compliance letter from NYSE
The news follows a difficult period for the company. Last week, it replaced its CFO with a former JP Morgan executive, Robyn Liska, in an effort to recover from US$447.8 million in losses sustained over 2024. It also entered a 30-day interest repayment grace period for 11.75% senior notes issued by its subsidiary.
In March, then-CEO of Sunnova William J Berger said that the “terrible” political and financial environment in the US had raised questions about the company’s future ability to operate. The company said ongoing inflation, high interest rates, policy changes and broader political uncertainty drove it to cut around 300 jobs in February 2025 and had resulted in “substantial doubts” over Sunnova’s…
