Upcoming Sunnova solar companies in the United States

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solar photovoltaic net news: according to foreign media reports, as one of the largest third-party solar energy suppliers, Sunnova company has already filed with federal regulators for related information, so that is listed on the New York stock exchange, stock code for NOVA.

the Sunnova company submitted to the securities and exchange commission last week in the prospectus does not provide any information about the company's stock price or quantity, but it lists the company's financial and business operations.

the data shows, Sunnova co. , LTD. Is a residential solar + energy storage service provider in the United States, was founded in 2012, headquartered in Houston, can provide customers with comprehensive warranty for 25 years and performance guarantee service, has won an important residential solar energy market in the United States market share. According to a U. S. market, according to a report by the end of 2018, Sunnova has become the fourth largest residential solar third-party ownership ( TPO） Supplier, second only to one, Vivint Solar and SunPower. 0. 4 billion dollars. Compared to one with Vivint Solar counterparts, such as the company's much smaller; Like all third-party solar energy company, a quarterly loss in establishing the portfolio has been increasing, including losses of $68 million last year. However, Sunnova by regularly introducing investment still maintaining positive cash flow. 700 million dollars.

about another unusual places, the company is the choice in its balance sheet financing, rather like SolarCity/tesla and one to raise money for solar energy deployment.

it is understood that since the company since its establishment, Sunnova company has operations in more than 20 states and Puerto Rico, has more than 63000 customers, the customers have signed the service agreement for its 25 years of solar energy. Sunnova says it has deployed more than 455 megawatts of solar power generation capacity, although less than one and Vivint, but also no less.

the world renowned energy consulting firm wood Mackenzie ( Wood Mackenzie) Said that the third party financing model has failed, and customers can choose a variety of complex loan pattern also more and more, Sunnova filed a petition for the above listed. However, as the largest residential solar company, one continues to grow in this mode, tesla from third-party sales exit and residential solar shrinking market share, leads to a decline in market share by a third party.

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