Sunnova Energy International Inc. ( NOVA ) shares are trading higher after the company disclosed that it was selected as the exclusive national solar and battery storage services provider for The Home Depot, Inc. ( HD ) .

As per the terms, Sunnova will serve Home Depot ( HD ) stores across the U.S. and its territories. 

The agreement will provide consumers with access to the Sunnova Adaptive Home energy offerings in more than 2,000 Home Depot ( HD ) stores.

In 2021, Sunnova entered 100 Home Depot ( HD ) stores in crucial hurricane-prone areas. In 2023, Sunnova expanded into 15 total markets with Home Depot ( HD ), encompassing about 400 stores nationwide.

Michael Grasso, Executive Vice President, Chief Revenue Officer at Sunnova, said, “We understand that rethinking how you power your home is a critical decision, and now shoppers at The Home Depot ( HD ) stores nationwide will have easy access to Sunnova’s solar and storage offerings.”

Last month, Sunnova Energy ( NOVA ) reported quarterly losses of $1.53 per share, which missed the analyst consensus estimate of a loss of 18 cents and sales of $194.18 million, missing the analyst consensus estimate of $223.38 million by 13.07%.

Investors can gain exposure to the stock via ProShares S&P Kensho Cleantech ETF ( CTEX ) and Neuberger Berman ETF Trust Neuberger Berman Carbon Transition Infrastructure ETF .

Price Action: NOVA shares are up 13.3% at $6.105 on the last check Tuesday.