sunnova

"With the advent of AI, we’re able to take that 15-minute turnaround, at best, and take it down to 30 seconds," claims Sunnova's Jake Wachman.

Sunnova has received a notice of non-compliance from the New York Stock Exchange requiring it to raise its stock price to a minimum of US$1.

Sunnova has appointed a new interim chief financial officer as it continues to repair damage done to its finances.

Despite revenue improvements, the company signalled doubts over its ability to continue operations and stay afloat over the coming year.

Sunnova said the job cuts are part of “an optimisation of its business" and the cuts will save around US$35 million.

US residential solar installer Sunnova has published its financial results for Q3 2024, which include net losses of US$52.5 million.

US firm Sunnova has reported reduced losses in the second quarter of 2024, with losses falling to US$79.7 million.

Sunnova's new customer additions continued to drop in the first quarter in 2024, but its adjusted EBITDA increased by over 200%.

Sunnova has expanded its virtual power plants (VPPs) to better manage the grid in six US states, plus the territory of Puerto Rico.

US residential solar companies Sunrun, Sunnova and power product supplier Generac have been selected by the US Department of Energy (DOE) to install rooftop solar and battery storage systems for vulnerable households in Puerto Rico.