Sunnova Energy struggles with severe financial distress, plummeting stock, and bankruptcy risk despite growth. Learn more about NOVA stock here.

The stock is currently down around 68% as investors gauge the risk that Sunnova is headed for bankruptcy, a frequent outcome for companies that issue such warnings. In a bid to stave off insolvency, Sunnova said Monday it is planning to refinance debt,

Key Takeaways Sunnova Energy International said it may not be able to continue as a "going concern" in a year because of financial difficulties.The solar power company has been plagued by falling demand for its alternative energy products.

Sunnova Energy (NYSE:NOVA) -52.6% in early trading Monday, improving slightly from an earlier decline of as much as two-thirds to an all-time low of $0.48/share, after reporting a larger than expected loss and issuing a warning about its working capital,

Shares of Sunnova Energy International Inc. plunged as much as 50% after the struggling solar company warned there’s substantial doubt it will remain in business.