Sunnova Prepares to File for Bankruptcy in Coming Weeks

Sunnova Energy International Inc., a seller of rooftop solar-panel systems, is laying the groundwork for a bankruptcy filing that could happen within the coming weeks, according to people familiar with the situation.

The company is considering filing in Texas, but no final decision has been made, said the people, who asked to not be identified discussing a private matter. Sunnova and its lenders have been exploring options, including raising a loan to finance a potential Chapter 11 process while also seeking bridge financing to give it more time to restructure its debt out of court, Bloomberg previously reported. ...