Sunnova Files for Bankruptcy Amid Rooftop Solar Struggles (2)

Sunnova Energy International Inc., one of the largest US rooftop solar companies, filed for bankruptcy following struggles with mounting debt and diminishing sales prospects.

Sunnova filed for Chapter 11 protection in the Southern District of Texas, listing liabilities of $10 billion to $50 billion, according to a filing. The shares slumped by more than 30% in early trading in New York, before the stock was halted.

The Houston-based firm plans to sell “all or substantially all” of its assets and kick off an orderly wind-down of its estates, according to court filings. Sunnova’s entities that have filed for bankruptcy ...