Sunnova Energy International Inc.’s Shares Offering

Baker Botts LLP advised Sunnova Energy International Inc. on the deal. Vinson & Elkins LLP advised the underwriters on the deal.

Sunnova Energy International Inc. (NYSE: NOVA) (“Sunnova”) announced the pricing of a primary offering of 3,500,000 shares of the Company’s common stock and a secondary offering of 3,500,000 shares of its common stock by one of its stockholders (the “Selling Stockholder”) at a price to public of $37.00 per share. The underwriters have a 30-day option to purchase an additional 525,000 shares from the Company and an additional 525,000 shares from the Selling Stockholder at the public offering price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Credit Suisse acted as joint book-running managers for the offering. Baird, Roth Capital Partners, Simmons Energy | A Division of Piper Sandler, B. Riley Securities, JMP Securities, KeyBanc Capital Markets and Raymond James are acting as co-managers.

Sunnova is a leading residential solar and energy storage service provider, serving over 98,000 customers in more than 20 U.S. states and territories. Sunnova’s goal is to be the leading provider of clean, affordable and reliable energy for consumers, and they operate with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted™.

The Baker Botts Team was led by Travis Wofford (Picture) and also included Josh Davidson, Sarah Dodson, Jack Chadderdon, Malakeh Hijazi, Michael Bresson, Jon Nelsen, David Morris and Danny David.

The V&E team was led by partner David Oelman and senior associates Crosby Scofield and Anne Peetz with assistance from associates Audrey Bartosh and Natalie Stanley. Partner David Cole and counsel Debbie Duncan provided tax advice. Also advising on the matter was counsel Damien Lyster.

Involved fees earner: Michael Bresson – Baker Botts; Jack Chadderdon – Baker Botts; Danny David – Baker Botts; Joshua Davidson – Baker Botts; Sarah Dodson – Baker Botts; Malakeh Hijazi – Baker Botts; David Morris – Baker Botts; Jon Nelsen – Baker Botts; Travis Wofford – Baker Botts; Audrey Bartosh – Vinson & Elkins LLP; David Cole – Vinson & Elkins LLP; Debra Duncan – Vinson & Elkins LLP; Damien Lyster – Vinson & Elkins LLP; David Palmer Oelman – Vinson & Elkins LLP; Anne Peetz – Vinson & Elkins LLP; Crosby Scofield – Vinson & Elkins LLP; Natalie Stanley – Vinson & Elkins LLP;

Law Firms: Baker Botts; Vinson & Elkins LLP;

Clients: B. Riley Securities; Bank of America Securities; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; JMP Securities LLC; JP Morgan Securities; KeyBanc Capital Markets; Piper Sandler; Raymond James & Associates, Inc.; Robert W. Baird & Co.; Roth Capital Partners, LLC; Sunnova Energy International Inc;

Author: Ambrogio Visconti