Sunnova files IPO paperwork as residential solar market rebounds

Sunnova, a leading U.S. residential solar and energy storage company, has filed paperwork to go public on the New York Stock Exchange, in what could be one of the biggest U.S. renewable-energy initial public offerings of recent years.

Houston-based Sunnova quietly submitted a pre-IPO prospectus with U.S. securities regulators, giving investors a look at the privately owned company’s financial health, even as many details of the IPO remain under wraps.

Sunnova would trade under the ticker symbol “NOVA,” joining larger rivals Sunrun and Vivint Solar in selling shares to the public. SolarCity, once the country’s largest residential solar installer and a publicly listed company, was acquired by Tesla.

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