Sunnova Completes $250 Million Follow-On Offering

Technology & Services

Sunnova follow-on offering


Summary

Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA) recently completed a follow-on offering of 10,000,000 shares of common stock at a price of $25.00 per share, generating gross proceeds of $250.0 million. All shares sold in the offering were offered by certain shareholders of Sunnova, including affiliates of Energy Capital Partners (the “selling stockholders”).

Baird served as a co-manager on this offering

About

Sunnova is a leading residential solar and energy storage service provider, serving more than 91,000 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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Technology & Services

Sunnova follow-on offering

Date
August 2020
Company
Sunnova Energy International Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Real Estate
Target Geography
North America

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