Deal Details
Follow-on Offering
Summary
Baird served as a co-manager on this offering
About
Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA) recently completed a follow-on offering of 6,988,423 shares of common stock at a price of $16.50 per share, generating gross proceeds of $115.3 million, including full exercise of the overallotment option. All shares sold in the offering were offered by certain shareholders of Sunnova, including affiliates of Energy Capital Partners (the “selling stockholders”).Sunnova is a leading residential solar and energy storage service provider, serving more than 85,000 customers in more than 20 U.S. states and territories. The Company’s goal is to be the leading provider of clean, affordable and reliable energy for consumers, and it operates with a simple mission: to power energy independence. Sunnova was founded in 2012 and is headquartered in Houston, Texas.
Energy Capital Partners is a private equity firm that invests in existing and new-build energy infrastructure projects primarily in North America. Energy Capital Partners actively manages its assets and businesses alongside management teams to execute growth strategies and generate efficiencies. Energy Capital Partners is headquartered in Short Hills, New Jersey.
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- Date
- July 2020
- Company
- Sunnova Energy International Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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