Sunnova Energy International Inc. - NOVA STOCK NEWS

Sunnova Energy International (NYSE: NOVA) partners with Intero, a Berkshire Hathaway affiliate, to offer clients access to solar energy and battery storage solutions in the Bay Area. This collaboration aims to address the increasing demand for reliable energy sources given the stress on the energy grid and rising interest in battery-powered vehicles. Intero agents will assist clients in connecting with Sunnova to enhance their energy independence and home value amidst frequent outages in California.

Sunnova Energy International reported its Q3 2021 results, showing a customer increase of 14,300 to a total of 176,900. Revenue rose to $68.9 million, a $18.7 million year-over-year increase. The net loss decreased to $25.9 million from $73.3 million a year earlier. Sunnova's liquidity remains strong with $951 million available. The company reaffirmed its 2021 guidance while initiating new guidance for 2022, projecting 83,000-87,000 customer additions and Adjusted EBITDA of $117 million-$137 million.

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (NYSE: NOVA) has partnered with ChargePoint, a leading EV charging network, to provide customers with integrated EV charging solutions. This collaboration aims to enhance consumer EV adoption by allowing customers to bundle a solar system with EV chargers, optimizing home energy usage. With EV adoption rates soaring, the partnership is positioned to supply clean energy for EVs charged at home, addressing the growing residential energy needs that can increase by 50-100%. This aligns with Sunnova's mission to promote energy independence.

Sunnova Energy International Inc. (NYSE: NOVA) announced the pricing of its fifth solar loan securitization, totaling $155.8 million across various note ratings. The securitization includes $68.4 million in AA- rated notes, $55.9 million in A- rated notes, and $31.5 million in BBB- rated notes. The notes have a weighted average life of 5.15 years, backed by a diverse portfolio of 3,766 solar systems. The transaction is expected to close by October 26, 2021.

Sunnova Energy International Inc. (NYSE: NOVA) has appointed Mary Yang as an independent Class III director of its Board, effective October 13, 2021. Yang brings over 25 years of technology experience, enhancing the board's capabilities amid Sunnova's focus on software development and innovation. She has held significant roles in corporate development at NIO and Fortinet and currently serves as Chief Strategy Officer at Ciena. Her expertise is expected to contribute to the company's growth as a technology-enabled service provider.

Sunnova Energy International Inc. (NYSE: NOVA) is expanding its solar and storage services through a partnership with The Home Depot. Starting now, Sunnova will offer services in Florida, Virginia, Maryland, and Reno, Nevada. This initiative targets hurricane-prone markets, enhancing energy independence for homeowners amid rising electricity costs and increased outages. Customers will access trained professionals at select Home Depot stores to explore solar solutions tailored to their needs, emphasizing affordability and reliability in energy services.

Sunnova Energy International Inc. (NYSE: NOVA) will announce its third quarter 2021 results post-market on October 27, 2021. A conference call to discuss these results is scheduled for 8:30 a.m. Eastern Time on October 28, 2021. Investors can join the call by dialing 866-211-4135 (international callers: 647-689-6729). A replay will be accessible until November 4, 2021. Sunnova is a leading provider in the U.S. residential solar and energy storage sector, aiming for energy independence and reliability for homeowners.

Sunnova Energy International Inc. (NYSE: NOVA) has partnered with AutoGrid to enhance demand response resources for the Clean Power Alliance's Power Response Program. This initiative aims to stabilize local grids amid challenges like wildfires and outages in Southern California. With AutoGrid’s Flex platform, Sunnova will leverage its residential storage systems, enabling homeowners to contribute to energy stability. Sunnova operates over 944 megawatts of solar energy across the U.S., serving 162,000 customers as of June 30, 2021, while AutoGrid manages over 5,000 megawatts of assets globally.

Sunnova Energy Corporation, a subsidiary of Sunnova Energy International, has announced the pricing of $400 million in green 5.875% senior notes due 2026. This offering was increased from an initial $350 million. The notes, which are senior unsecured obligations, will bear interest semiannually, starting March 1, 2022, and are set to mature on September 1, 2026. Proceeds will finance eligible green projects. This offering is private and subject to customary closing conditions.