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Green Energy Company Failing Without Gov’t Life Support

 Sunnova Energy International Inc. , a green energy company backed by the Biden administration, saw its stock drop over 50% following a serious business warning.

• The stock fell by 64%, reaching 60 cents per share, after Sunnova revealed it lacks sufficient funds to meet its obligations.

• The company expressed "substantial doubt" about its ability to continue operations for at least one year.

• Sunnova, which provides services like solar panels and EV chargers, has had its market value plummet from $4. 5 billion in 2020 to about $208 million.

• The CEO, John Berger, cited high interest rates and political uncertainties as major challenges.

• In 2023, Sunnova received a $3 billion federal loan guarantee but has faced accusations of unethical practices.

Sunnova Energy is currently struggling financially, raising concerns about its future viability.

https://dailycallernewsfoundation.org/2025/03/04/green-energy-company-failing-without-govt-life-support/

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