Deal Details

Sunnova Completes $168 Million Initial Public Offering

Energy

Sunnova initial public offering

Summary

Sunnova Energy International Inc. ("Sunnova” or the "Company”) (NYSE: NOVA) recently completed an initial public offering of 14,000,000 shares of common stock at a price of $12.00 per share, generating gross proceeds of approximately $168 million. In addition, Sunnova has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 shares at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds from the offering for redemption of senior convertible notes and general corporate purposes.

Baird served as a co-manager on this offering.

About

Sunnova is a leading residential solar and energy storage service provider, serving more than 63,000 customers in more than 20 states and territories within the United States. 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

Sunnova initial public offering