Sunnova Energy International Inc. (NYSE: NOVA) is currently witnessing a notable upswing of 6.15% during the current session, achieving a trading price of $5.72. This surge in NOVA stock before regular trading hours follows a significant strategic partnership announcement.
Sunnova (NOVA) announced today that it has entered into a strategic partnership with The Home Depot, under which Sunnova will be the only supplier of solar and battery storage solutions to The Home Depot stores across the US and its territories. Customers will now have access to Sunnova’s Adaptive Home energy options in more than 2,000 Home Depot locations thanks to this historic arrangement.
Securing the position as the sole provider for residential solar and battery storage services within The Home Depot network will further propel Sunnova towards its objective of democratizing clean, cost-effective, and reliable energy solutions for all. As utility expenses surge nationwide, climatic conditions worsen, and remote work becomes more prevalent, the imperative for resilient, affordable, and dependable household power is undeniable.
Recognizing the critical nature of reevaluating home energy sources, Sunnova ensures that shoppers at The Home Depot stores across the nation will find easy access to its solar and storage solutions. Sunnova and The Home Depot have long been committed to empowering customers with economical energy solutions and guaranteeing steadfast and resilient power.
In 2021, Sunnova commenced operations in 100 Home Depot stores situated in crucial hurricane-prone regions like Florida, Virginia, and Maryland, offering customers convenient access to Sunnova’s SunSafe solar and battery storage services. Building on this achievement, Sunnova expanded into Puerto Rico in 2022, making its SunSafe solar and battery storage systems available in all of the island’s The Home Depot locations.
With The Home Depot’s help, Sunnova was able to reach 15 markets by 2023, with about 400 locations across the country. Thanks to its partnership with The Home Depot and unwavering dedication to customer satisfaction, Sunnova is now able to provide adaptive energy services to clients across the country.
Sunnova plans to staff stores and help clients at The Home Depot start their sustainable energy journey by utilizing the local knowledge of its broad dealer network.
