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Sunnova Energy International Inc. (NOVA) to Offer 7M Shares of Common Stock

November 30, 2020 4:07 PM

Sunnova Energy International Inc. (NYSE: NOVA) today announced that it has launched an underwritten public offering of 7,000,000 shares of Sunnova’s common stock, par value $0.0001 per share, which consists of 3,500,000 shares of common stock offered by Sunnova and 3,500,000 shares of common stock offered by a fund affiliated with Newlight Partners.

Sunnova intends to grant the underwriters a 30-day option to purchase an additional 525,000 shares of common stock, and the Selling Stockholder intends to grant the underwriters a 30-day option to purchase an additional 525,000 shares of common stock.

Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Credit Suisse are acting as joint book-running managers of the Offering.

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