Sunnova Energy plans IPO, »Reuters«
Post date: 12/06/2019 - 19:26
US residential PV system installer Sunnova Energy Corp. is planning a stock market flotation that could value the company at more than $1 billion, according to news agency »Reuters«. The Houston-based company is one of largest U.S. residential rooftop solar firms, serving 22 U.S. states and territories, in an industry that remains fragmented because of different state regulations, says the article. »Sunnova has confidentially filed for an initial public offering that could come later this year.«
Since its establishment in 2012, Sunnova has received more than $2.5 billion of backing from private investors including Energy Capital Partners, Triangle Peak Partners, and Quantum Strategic Partners.