Sunnova Announces Pricing of Secondary Offering of Shares of Common Stock
August 13 2020 - 7:32PM
Business Wire
Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) today
announced the pricing of its underwritten public offering (the
“Offering”) of 10,000,000 shares of Sunnova’s common stock by
certain of its stockholders, including affiliates of Energy Capital
Partners (collectively, the “Selling Stockholders”), at $25.00 per
share. Certain of the Selling Stockholders have granted the
underwriters a 30-day option to purchase an additional 1,500,000
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.
BofA Securities, J.P. Morgan, Credit Suisse and Goldman Sachs
& Co. LLC are acting as joint book-running managers. Baird and
Roth Capital Partners are acting as co-managers.
Sunnova has filed a shelf registration statement on Form S-3
relating to the Offering (including a prospectus) with the
Securities and Exchange Commission (the “SEC”) that has become
effective. A prospectus supplement relating to the Offering has
also been filed with the SEC. Before you invest, you should read
the prospectus, the prospectus supplement and other documents that
Sunnova may file with the SEC for more complete information about
Sunnova and this Offering. A copy of the prospectus supplement and
accompanying prospectus relating to the Offering may be obtained
from 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; 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; Credit Suisse
Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis
Stephens Drive, Morrisville, North Carolina 27560, United States,
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 supplement or prospectus,
free of charge, visit the SEC’s website, www.sec.gov, and search
under the registrant’s name “Sunnova Energy International Inc.”
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 SEC, including our Annual Report on Form 10-K for
the year ended December 31, 2019, our Quarterly Reports on Form
10-Q for the quarters ended March 31 and June 30, 2020 and in the
registration statement on Form S-3 related to the Offering filed
with the SEC. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200813005842/en/
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)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sunnova Energy (NYSE:NOVA)
Historical Stock Chart
From Sep 2023 to Sep 2024