SunStreet — Lennar's solar platform for homebuilders
Sunnova acquires SunStreet from Lennar (~$200M+ in Sunnova shares). Sunnova becomes Lennar's exclusive residential solar/storage provider. LENX retains equity stake.
$7M
Deal Value
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Lennar Corporation (LENX retained equity)
- Buyer / Financier
- Sunnova Energy International
- Deal Value
- Up to 7.22M Sunnova shares (~$200M+)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Sunnova
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