Sunnova Energy International Inc.

Overview

• IndustryElectric & Other Services Combined²
• HeadquartersWilmington, United States²
• Incorporated inDE³
• Business address20 East Greenway Plaza, Suite 540, Houston, Tx 77046³
• Filer categoryLarge accelerated filer³
• Legal formCorporation²
• LEI549300JK1Y1VVC3JU540²
• StatusActive²
• LEI statusLapsed (not renewed)²
• Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States²
• Registered withDivision of Corporations, Department of State, 7353308²

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We are an industry-leading energy services company focused on making clean energy more accessible, reliable and affordable for homeowners and businesses, serving over 441,000 customers in more than 50 United States ("U.S.") states and territories. Through our adaptive energy platform, we provide a better energy service, and generally at a better price, to deliver our mission of powering energy independence. Through our energy service offerings, we are disrupting the traditional energy landscape and the way the 21st century customer generates and consumes electricity. Additionally, we believe the renewable energy market in which we operate, and investment in climate solutions more broadly, will continue to grow as the impact of climate change increases. While our core business model seeks to help accelerate a global transition to renewable energy, there are inherent climate-related risks …⁵ From its latest annual report

Corporate structure

Sunnova Energy International Inc. sits at the top of its group. 277 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sunnova Energy International Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

Our corporate headquarters is in Houston, Texas, where we occupy approximately 73,800 square feet of office space pursuant to an operating lease that expires in July 2029. We lease additional offices in Texas, Guam, California, Florida, Nevada, Mississippi, New York and Puerto Rico, but do not own any real property. We believe our facilities are adequate and suitable for our current needs and, should it be needed, suitable additional or alternative space will be available to accommodate our operations.

Item 2 of the 10-K filed Mar 3, 2025.⁵

Leadership

Who has led Sunnova Energy International Inc., and when. Pick a name to see everywhere that person has worked.

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• Enerlast Insurance Group, LLC Texas⁴
• Helios Depositor, LLC Delaware⁴
• Helios Issuer, LLC Delaware⁴
• Moonroad Services Group, LLC Delaware⁴
• Starlane Manager, LLC Delaware⁴
• Starlane Owner, LLC Delaware⁴
• Sunnova ABS Holdings III, LLC Delaware⁴
• Sunnova ABS Holdings IV, LLC Delaware⁴
• Sunnova ABS Holdings IX, LLC Delaware⁴
• Sunnova ABS Holdings V, LLC Delaware⁴
• Sunnova ABS Holdings VI, LLC Delaware⁴
• Sunnova ABS Holdings VII, LLC Delaware⁴
• Sunnova ABS Holdings VIII, LLC Delaware⁴
• Sunnova ABS Holdings X, LLC Delaware⁴
• Sunnova ABS Holdings XI, LLC Delaware⁴
• Sunnova ABS Holdings XII, LLC Delaware⁴
• Sunnova ABS Holdings XIII, LLC Delaware⁴
• Sunnova ABS Holdings XIV, LLC Delaware⁴
• Sunnova ABS Holdings XV, LLC Delaware⁴
• Sunnova ABS Holdings XVI, LLC Delaware⁴
• Sunnova ABS Holdings, LLC Delaware⁴
• Sunnova ABS Management, LLC Delaware⁴
• Sunnova AP 6 Warehouse II, LLC Delaware⁴
• Sunnova AP5-A, LLC Delaware⁴

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

1. Jun 17, 20258-K Entered a material agreement; Completed an acquisition or sale⁴⁴
2. Jun 16, 20258-K Entered a material agreement; New debt or obligation⁴⁵
3. Jun 10, 20258-K Listing notice or transfer; Regulation FD disclosure⁴⁶
4. Jun 9, 20258-K Bankruptcy or receivership; Debt or obligation accelerated; Regulation FD disclosure⁴⁷
5. Jun 9, 20258-K Entered a material agreement; Regulation FD disclosure⁴⁸
6. Jun 5, 20258-K Debt or obligation accelerated; Exit or restructuring costs; Regulation FD disclosure⁴⁹
7. May 30, 20258-K Entered a material agreement⁵⁰
8. May 29, 20258-K Entered a material agreement; Executive or director change⁵¹
9. May 23, 20258-K Listing notice or transfer⁵²
10. May 22, 20258-K Entered a material agreement⁵³
11. May 16, 20258-K Entered a material agreement⁵⁴
12. May 9, 20258-K Entered a material agreement⁵⁵
13. Apr 1, 2019Founded Sunnova Energy International Inc. is founded²

Calendar

When it reported results

1. Mar 3, 2025Reported quarterly or annual results⁵⁶
2. Oct 30, 2024Reported quarterly or annual results⁵⁷
3. Jul 31, 2024Reported quarterly or annual results⁵⁸
4. May 1, 2024Reported quarterly or annual results⁵⁹
5. Feb 21, 2024Reported quarterly or annual results⁶⁰
6. Oct 25, 2023Reported quarterly or annual results⁶¹
7. Jul 26, 2023Reported quarterly or annual results⁶²
8. Apr 26, 2023Reported quarterly or annual results⁶³

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

352 filings to the SEC since October 2021: 5 annual reports, 10 quarterly reports, 103 major events, 160 insider forms, 28 large holders, 46 other. The latest 20:

1. Jun 17, 20258-K EDGAR
2. Jun 16, 20258-K EDGAR
3. Jun 10, 20258-K EDGAR
4. Jun 9, 20258-K EDGAR
5. Jun 9, 20258-K EDGAR
6. Jun 5, 20258-K EDGAR
7. May 30, 20258-K EDGAR
8. May 29, 20258-K EDGAR
9. May 23, 20258-K EDGAR
10. May 22, 20258-K EDGAR
11. May 19, 20254 EDGAR
12. May 19, 20254 EDGAR
13. May 16, 20258-K EDGAR
14. May 15, 2025SCHEDULE 13G EDGAR
15. May 15, 2025SCHEDULE 13G/A EDGAR
16. May 14, 2025SCHEDULE 13G/A EDGAR
17. May 12, 2025NT 10-Q EDGAR
18. May 9, 20253 EDGAR
19. May 9, 20258-K EDGAR
20. May 7, 2025SCHEDULE 13G/A EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

82 open-market trades by officers, directors and large owners since October 2021: 12 buys and 70 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Newlight Partners LPSCHEDULE 13G, 2 filings Feb 13, 2024 to May 15, 2025⁶⁴
• SYLEBRA CAPITAL LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to May 15, 2025⁶⁵
• Erste Asset Management GmbHSCHEDULE 13G/A, 2 filings Nov 14, 2024 to May 14, 2025⁶⁶
• Handelsbanken Fonder ABSCHEDULE 13G/A, 2 filings Nov 13, 2024 to May 7, 2025⁶⁷
• VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Apr 30, 2025⁶⁸
• CastleKnight Master Fund LPSCHEDULE 13G, 1 filing Mar 20, 2025⁶⁹
• FMR LLCSCHEDULE 13G/A, 2 filings Nov 12, 2024 to Feb 12, 2025⁷⁰
• ECP ControlCo, LLCSCHEDULE 13G/A, 2 filings Feb 10, 2022 to Feb 10, 2025⁷¹
• BlackRockSCHEDULE 13G/A, 3 filings Oct 21, 2024 to Feb 5, 2025⁷²
• PICTET ASSET MANAGEMENT SASC 13G, 2 filings Jan 31, 2024 to Nov 21, 2024⁷³
• BNP Paribas Asset Management UK LtdSC 13G/A, 5 filings Dec 3, 2021 to Nov 4, 2024⁷⁴

SEC filer profile

How Sunnova Energy International Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARSunnova Energy International Inc.¹
• CIK0001772695
• Employer ID (EIN)30-1192746⁵
• Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁵
• Incorporated inDelaware⁵
• Fiscal year endsDecember 31¹
• Industry code (SIC)4931 Electric & Other Services Combined¹
• SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
• Business address20 East Greenway Plaza, Suite 540, Houston, TX 77046¹
• Phone(281) 985-9900¹
• Shares outstanding125,685,009 as of Apr 24, 2025⁷⁵
• Public float$681.1M as of Jun 30, 2024⁵
• AuditorPricewaterhouseCoopers LLP, Houston, TX PCAOB ID 238; it also attests to the company’s internal control over financial reporting⁵
• On EDGAR sinceApr 12, 2019¹
• Filings629 in all: 4 (261), 8-K (159), 3 (37), 144 (22), 10-Q (17), SC 13G/A (17), SC 13G (14), CORRESP (13)¹
  All 40 form types

  UPLOAD (11), SCHEDULE 13G/A (8), 10-K (6), DEF 14A (5), 424B5 (4), S-1/A (4), SCHEDULE 13G (4), SEC STAFF LETTER (4), 424B7 (3), 5 (3), 8-K/A (3), S-8 (3), 10-K/A (2), 4/A (2), 424B4 (2), 8-A12B (2), CERT (2), D (2), DEFA14A (2), DRS (2), EFFECT (2), S-1 (2), S-3ASR (2), 144/A (1), 25-NSE (1), DRS/A (1), DRSLTR (1), FWP (1), NT 10-Q (1), PRE 14A (1), SC 13D (1), SC 13D/A (1)

• Latest filingsAnnual report (10-K) Mar 3, 2025
  Quarterly report (10-Q) Oct 31, 2024
  Proxy statement (DEF 14A) Apr 4, 2024
  Latest 8-K (8-K) Jun 17, 2025

Securities registered for trading

From the cover page of the 10-K filed Mar 3, 2025 (Section 12(b) of the Exchange Act).⁵

Risk factors and legal proceedings

The risks Sunnova Energy International Inc. names in Item 1A of its 10-K filed Mar 3, 2025: 74 risks under these headings, as written.⁵

• Risks Related to Our Liquidity and Financing Activities
• We need to raise substantial capital in the future. If sufficient capital is not available to us on acceptable terms when needed, our ability to continue to fund our operations, grow our business and satisfy our obligations would be materially adversely impacted.
• We enter into securitization structures, warehouse financings and other financings that may limit our ability to access the cash of our subsidiaries and include cash trap and acceleration events that, if triggered, could adversely impact our financial condition.
• We have a significant amount of debt outstanding and debt service requirements. We may not have sufficient cash flow from our business or obtain access to external financing to timely pay our interest and principal payments or other obligations and may be forced to take other actions to satisfy our obligations.
• We currently do not have the resources to settle conversions of the Convertible Notes in cash when they become due in December 2026 and February 2028 or to repurchase the Convertible Notes upon a fundamental change or to repay the Senior Notes when they become due in September 2026 and October 2028, and we may not have the ability to raise the funds necessary to do so.
• Restrictive covenants in certain of our debt agreements could limit our growth, profitability and our ability to finance our operations, fund our capital needs, respond to changing conditions and engage in other business activities that may be in our best interests.
• Volatility and continued increases in interest rates would raise our cost of capital and may adversely impact our business.
• A ratings downgrade could adversely impact our business.
• We are subject to counterparty credit risk with respect to the capped call transactions.
• We may be required to make payments to our investors, increase the amount of future distributions to our investors and/or transfer additional assets to our tax equity investment funds, upon the occurrence of certain events, including one-time reset or true-up payments or upon the exercise of a redemption option by one of our tax equity investors.
• Risks Related to Our Business
• Historically, we have incurred operating and net losses and have identified conditions or events that raise substantial doubt about our ability to continue as a going concern.

Legal proceedings

Although we may, from time to time, be involved in litigation, claims and government proceedings arising in the ordinary course of business, we are not a party to any litigation or governmental or other proceeding we believe will have a material adverse impact on our financial position, results of operations or liquidity. In the ordinary course of business, we have disputes with dealers and customers. In general, litigation claims or regulatory proceedings can be expensive and time consuming to bring or defend against, may result in the diversion of management attention and resources from our business and business goals and could result in settlement or damages that could significantly affect financial results and the conduct of our business.

In February 2024, a purported stockholder class action was filed against us and certain of our current and former individual executives in the Southern District of Texas, Houston Division. In June 2024, the court-appointed lead plaintiffs filed their first amended complaint on behalf of a class of persons who purchased our stock between July 2019 and May 2024, alleging certain statements made during the class period about our business, operations and compliance policies were false and misleading and we failed to disclose customer service complaints and alleged improper business practices. The lead plaintiffs seek an unspecified amount of damages. In August 2024, we filed a motion to dismiss, and in January 2025, the U.S. Magistrate Judge issued a report and recommendation, subject to the district court's approval, recommending our motion to dismiss be granted, but granting lead plaintiffs' request for an opportunity to amend. We believe the lawsuit to be without merit and intend to continue to vigorously defend ourselves.

The opening of Item 3, Legal Proceedings.⁵