PE-backed Sunnova starts trading on the NYSE


Houston-based Sunnova, a residential solar and energy storage service provider, has debuted its IPO after pricing its 14 million shares at $12 per share. The stock began trading July 25, 2019 on the New York Stock Exchange under the ticker symbol “NOVA.” BofA Merrill Lynch, J.P. Morgan and Goldman Sachs are the lead underwriters. Sunnova’s pre-IPO backers included Energy Capital Partners.

PRESS RELEASE

HOUSTON–(BUSINESS WIRE)–Sunnova Energy International Inc. (“Sunnova”) today announced the pricing of its initial public offering of 14,000,000 shares of its common stock at $12.00 per share. The underwriters will have a 30-day option to purchase an additional 2,100,000 shares from Sunnova at the initial public offering price, less underwriting discounts and commissions. The shares will begin trading on the New York Stock Exchange on July 25, 2019 under the ticker symbol “NOVA” and the offering is expected to close on July 29, 2019, subject to customary closing conditions.

BofA Merrill Lynch, J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. Credit Suisse is also acting as a joint book-running manager. KeyBanc Capital Markets, Baird and Roth Capital Partners are acting as co-managers.

The offering is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Copies of the preliminary prospectus relating to this offering may be obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, Telephone: 866-803-9204; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, Telephone: 1-866-471-2526, Facsimile: 212-902-9316, Email: Prospectus-ny@ny.email.gs.com; or Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, Eleven Madison Avenue, 3rd floor, New York, NY 10010, Telephone: 1-800-221-1037, Email: usa.prospectus@credit-suisse.com.

To obtain a copy of the prospectus free of charge, visit the SEC’s website, www.sec.gov, and search under the registrant’s name, “Sunnova Energy International Inc.”

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on July 24, 2019. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT SUNNOVA
Sunnova is a leading residential solar and energy storage service provider, serving more than 63,000 customers in more than 20 U.S. states and territories. Our goal is to be the leading provider of clean, affordable and reliable energy for consumers, and we operate with a simple mission: to power energy independence.