Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading Energy as a Service (EaaS) providers, is aware of the recent media reports surrounding Silicon Valley Bank (“SVB”) and questions that investors may have as a result.
Sunnova considers its exposure to SVB as immaterial. Sunnova does not hold cash deposits or securities with SVB and does not utilize SVB for any treasury management services. One of Sunnova’s subsidiaries is party to a credit facility (the “Back-Leverage Facility”) in which SVB participates as a lender. SVB currently has $15 million in unfunded commitments under the Back-Leverage Facility. The Back-Leverage Facility is one of three current warehouse facilities entered into by subsidiaries of Sunnova with current cumulative commitment amounts of $1.35 billion.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that home and business owners have the freedom to live life uninterrupted®. For more information, please visit sunnova.com.
Last Trade: | US$5.33 |
Daily Change: | -0.15 -2.65 |
Daily Volume: | 4,817,825 |
Market Cap: | US$660.190M |
April 03, 2024 January 11, 2024 |
LithiumBank Resources is creating an opportunity to participate in the future of clean-tech energy. The company's strategy is to acquire claims in known lithium high grade hot spots with existing wells and infrastructure...
CLICK TO LEARN MOREGreenPower Motor designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS