Deal Details
Sunnova Completes $86.5 Million Follow-On Offering
Summary
Sunnova Energy International Inc. (NYSE: NOVA) (“Sunnova” or the “Company”) recently completed a follow-on offering of the Company’s common stock (the “Offering”). The aggregate size of the Offering was 5,865,000 shares, including 765,000 shares sold pursuant to the underwriters' overallotment option, at a price of $14.75 per share, generating gross proceeds of $86.5 million. Sunnova intends to use the net proceeds from this Offering for general corporate purposes.
Baird served as a co-manager on this Offering.
About
Sunnova is a leading Energy as a Service provider, serving over 348,000 customers in the United States (“U.S.”). Sunnova commenced operations in January 2013 and began providing solar energy services under their solar energy system in April 2013. The Company creates solutions to integrate the use of solar, battery storage, energy control and management technologies to make clean energy more affordable. Sunnova was founded to deliver customers a better energy service at a better price. Through their energy service offerings, they are disrupting the traditional energy landscape and the way the 21st century customer generates and consumes electricity. Sunnova is headquartered in Houston, Texas.CONTACT US TO LEARN MORE
- Date
- August 2023
- Company
- Sunnova Energy International Inc.
- Transaction
- Equity Capital Markets
- Sectors
-
Technology & Services
Energy - Verticals
-
Energy
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
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