Kbra comments on chapter 11 filing of sunnova subsidiary and reduction in workforce

New york--(business wire)-- #kbra--in an 8-k filing on june 5, 2025, sunnova energy corporation (sunnova)—the sponsor and originator of 24 residential solar loan and lease transactions rated by kbra1 —disclosed that its wholly-owned subsidiary, sunnova tep developer, llc (sunnova tep), had filed a voluntary petition for relief under chapter 11 of u.s. bankruptcy code. sunnova also reported that its board approved a reduction in force, effective may 30, 2025, of approximately 718 employees or 55% of its.
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