Exhibit 99.1
Sunnova Announces Pricing of Secondary Offering of Shares of Common Stock
July 1, 2020
HOUSTON —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 a30-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 asco-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 telephone1-866-803-9204 or by emailat 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 FormS-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™.
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