Tuesday, May 13, 2025

Sunnova Hype pre-Bankruptcy - Robert Bradley Jr.

Sunnova was never profitable, and the only winners among the countless thousands involved with the company were founder and CEO John Berger (inflated salary and cashouts) and some other executives paid for misallocating resources...
Previous posts (here, here, and here) have detailed how a second-hander company, trying to be all things to all people, and living off of special government subsidies, was a liability parading as an asset. 
Sunnova was never profitable, and the only winners among the countless thousands involved with the company were founder and CEO John Berger (inflated salary and cashouts) and some other executives paid for misallocating resources...Notice “by the numbers” above. 
  • Unprofitable companies try to chalk up moral victories, while hiding the bottom lines and the analysis behind them. Enron was great at that–so was Berger’s Sunnova.

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