CEO John Berger talked to TheStreet about the future of solar, Tesla and how he plans to expand globally.
Sunnova opened for trading on the New York Stock Exchange around $11. Its pricing was announced around $12 Wednesday night.
When asked when he expects the U.S. to switch to, or even adopt, solar-powered energy, here's what Berger had to say:
"Well, you know, like everything, it starts out slow and then accelerates and then as you mature in the market--so what they call an S-curve. And I think, you know, my personal opinion is that we're really moving as an industry and on a global basis, we're starting to really hit that inflection point on. It's probably driven by a lot of different things. The technology of solar panels has gotten incredibly cheap. But also now batteries are coming into market at an ever-faster clip, not only for cars but also for what we're doing now with phones as well. So that's an exciting catalyst that a lot of people are taken advantage of and we're seeing a lot more growth in the marketplace," he said.
Tesla (TSLA) - Get Report , which released earnings after the bell Wednesday, makes its own solar panels. But when asked whether or not Tesla was more of a partner or a competitor, Berger responded that it was a bit of both.
Watch to see his full answer, and how Sunnova is planning on expanding globally.