m_and_a
confidence high
sentiment neutral
materiality 0.50
Sunnova closes sale of solar system assets to Lennar for $15.2M cash
Sunnova Energy International Inc.
- Transaction closed June 16, 2025; Lennar acquired installed PV systems, storage systems, and related assets.
- Cash consideration of approximately $15.2 million; purchase price amended via amendment dated June 16, 2025.
- Sellers include Sunnova Energy Corp, MoonRoad Services, TEP 8-A, and TEP Developer; Lennar assumed customer leases and purchase contracts.
- Previously disclosed on June 9, 2025; amendment added additional sellers and updated Exhibit 1.
item 1.01item 2.01item 9.01