Sunnova to sell part of solar panel business to Omnidian for $7 million

Written by Emily J. Thompson, Senior Investment Analyst

NOVA%

Source: Yahoo Finance

Updated: Jul 10 2025

0mins

Source: Yahoo Finance

Sunnova Energy's Bankruptcy and Sale: Sunnova Energy has agreed to sell part of its residential solar installation business to Omnidian for $7 million as it navigates bankruptcy, facing significant debt and declining demand in the solar industry.
Impact of Government Policies: The company's challenges are exacerbated by rising interest rates, reduced incentives in California, and recent policy changes under the Trump administration that have affected funding for renewable energy projects.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Sunnova to sell part of solar panel business to Omnidian for $7 million

About the author

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