Energy
Sunnova Evaluating Options for Deeply Discounted Debt, CEO Says
- Bond that is callable next month is trading at 59 cents
- Shares bounce 19% after Wednesday plunge on debt-talk report
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Sunnova Energy International Inc. is evaluating options for its corporate debt, the struggling rooftop solar company’s chief executive officer said following the release of first-quarter results.
“Our corporate debt clearly is trading at very deep discounts,” John Berger said during a conference call Thursday to discuss Sunnova’s latest results. “We are, as you would expect, evaluating the opportunities that that presents.”