Sunnova Announces Pricing of Secondary Offering of Shares of Common Stock
July 01 2020 - 9:07AM
Business Wire
Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) today
announced the pricing of its underwritten public offering (the
“Offering”) of 6,076,890 shares of Sunnova’s common stock by
certain of our stockholders, including affiliates of Energy Capital
Partners (collectively, the “Selling Stockholders”) at $16.50 per
share. Certain of the Selling Stockholders have granted the
underwriters a 30-day option to purchase an additional 911,533
shares of common stock. Sunnova is not offering any shares of its
common stock in the Offering and will not receive any proceeds from
the sale of shares by the Selling Stockholders in the Offering.
J.P. Morgan, BofA Securities, Credit Suisse and Goldman Sachs
& Co. LLC are acting as joint book-running managers. Baird,
Roth Capital Partners, KeyBanc Capital Markets, B. Riley FBR, JMP
Securities and Raymond James are acting as co-managers. The
Offering is being made only by means of a prospectus. A copy of the
preliminary prospectus relating to the Offering may be obtained
from J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by
telephone 1-866-803-9204 or by email at
prospectus-eq_fi@jpmchase.com; BofA Securities, NC1-004-03-43, 200
North College Street, 3rd Floor, Charlotte, NC 28255-0001,
Attention: Prospectus Department or by email at
dg.prospectus_requests@bofa.com; 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, or 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.
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 on the Form S-1 relating to the
Offering was declared effective by the Securities and Exchange
Commission on July 1, 2020. 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 Energy International Inc. (NYSE: NOVA) is a leading
residential solar and energy storage service provider, with
customers across the U.S. and its territories. Sunnova's goal is to
be the source of clean, affordable and reliable energy, with a
simple mission: to power energy independence so that homeowners
have the freedom to live life uninterrupted™.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or Sunnova's future financial or operating performance. In
some cases, you can identify forward-looking statements because
they contain words such as "may," "will," "should," "expect,"
"plan," "anticipate," "going to," "could," "intend," "target,"
"project," "contemplates," "believe," "estimate," "predict,"
"potential" or "continue" or the negative of these words or other
similar terms or expressions that concern Sunnova's expectations,
strategy, priorities, plans or intentions. Forward-looking
statements in this release include, but are not limited to,
statements regarding the conduct of the Offering and the size and
terms of the Offering. Sunnova's expectations and beliefs regarding
these matters may not materialize, and actual results in future
periods are subject to risks and uncertainties that could cause
actual results to differ materially from those projected, including
risks regarding our ability to forecast our business due to our
limited operating history, the effects of the coronavirus pandemic
on our business and operations, results of operations and financial
position, our competition, fluctuations in the solar and
home-building markets, availability of capital, our ability to
attract and retain dealers and customers and our dealer and
strategic partner relationships. The forward-looking statements
contained in this release are also subject to other risks and
uncertainties, including those more fully described in Sunnova's
filings with the Securities and Exchange Commission, including our
Annual Report on 10-K for the year ended December 31, 2019, our
Quarterly Report on 10-Q for the quarter ended March 31, 2020 and
in the registration statement on the Form S-1 related to the
Offering filed with the Securities and Exchange Commission. The
forward-looking statements in this release are based on information
available to Sunnova as of the date hereof, and Sunnova disclaims
any obligation to update any forward-looking statements, except as
required by law.
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INVESTOR AND ANALYST CONTACT
Rodney McMahan Sunnova Energy International Inc.
Rodney.McMahan@sunnova.com (281) 971-3323
PRESS AND MEDIA CONTACT
Kelsey Hultberg Sunnova Energy International Inc.
Kelsey.Hultberg@sunnova.com
Sunnova Energy (NYSE:NOVA)
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