IPO Year: 2019
Exchange: NYSE
Date | Price Target | Rating | Analyst |
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4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
3 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
3 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. "The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, incl
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, announced that Sarah Wells has been appointed Chief Financial Officer, effective May 19th. Mrs. Wells succeeds Don Klein, who is departing in connection with the previously announced transition from XL Fleet to Spruce Power executive management. Sarah Wells brings considerable industry experience and expertise with disruptive sustainability strategies and is a long-time Spruce Power leader in cost efficiency and growth enablement. Mrs. Wells joined Spruce Power in 2018 and most recently served as Senior Vice President, Finance
Spruce Power (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that the New York Stock Exchange (the "NYSE") notified the Company that it has regained compliance with the NYSE's continued listing standard for minimum share price. On October 20, 2022, the NYSE notified Spruce of noncompliance with the NYSE's continued listing standards because the average closing price of the Company's common stock was less than $1.00 per share over a period of 30 consecutive trading days. On February 1, 2023, the NYSE confirmed that the Company's average price for the trailing 30 consecutive trading days ended
8-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
DEFR14A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
DFAN14A - SPRUCE POWER HOLDING CORP (0001772720) (Subject)
DEFA14A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
DEF 14A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
PRRN14A - SPRUCE POWER HOLDING CORP (0001772720) (Subject)
10-Q - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
10-K/A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced the addition of Richard DiMatteo as Senior Vice President, Head of Spruce Pro. The addition of Rich DiMatteo underscores Spruce's strategic commitment to advancing its distributed energy platform through Spruce Pro, a brand that extends the Company's servicing solutions to third-party asset owners. Rich will direct and oversee all aspects of product innovation, formation and go-to-market strategy for Spruce Pro, with an emphasis on leveraging the Company's existing capabilities and unique market opportunity to g
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the "New Debt Facility") provided by Barings LLC ("Barings"). The New Debt Facility refinances the Company's term loan of $125 million (the "SP4 Facility") and provides for a net injection of incremental capital. "Spruce is proud to announce the execution and closing of the refinance of its SP4 Facility. This transaction achieves a favorable balance of capitalizing on the Company's strong asset performance and retention of
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, announced today that it has appointed Clara Nagy McBane to serve as a new member of its Board of Directors (the "Board") effective immediately. As a result, the Board has increased to seven members. "We are pleased to welcome Clara to the Board as an independent director and believe her experience will be a valuable asset as we continue to execute on our strategic vision," said Chris Hayes, Chief Executive Officer of the Company. The new appointment is pursuant to a Cooperation Agreement, between the Company, Clayton Capital
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report first quarter 2024 financial results after the stock market close on Wednesday, May 15. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results. Spruce Power First Quarter 2024 Webcast and Conference Call Details When: Wednesday, May 15, 2024 Time: 2:30 P
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Chief Executive Officer, will participate in a Water Tower Research Fireside Chat on Friday, April 26, 2024. Topics will include an introduction to Chris Hayes; a review of Spruce's positioning in the distributed solar energy market and the Company's capital light approach to pursuing growth via solar portfolio acquisitions and its best-in-class solar servicing organization; as well as an overview of the Company's strong balance sheet and overall capital strategy. Investors interested in part
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced the hiring of Kevin Minton as Vice President, Asset Operations. The addition of Minton builds on the foundational strength of Spruce's existing distributed energy servicing technology platform and highlights the Company's strategic commitment to advancing servicing solutions through Spruce Pro, a brand that extends growth prospects for the Company into the commercial solar market. As Vice President, Asset Operations, Minton will plan, direct, and oversee asset operations activities for Spruce, with an emphasis o
Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. "The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, incl
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report fourth quarter and full-year 2023 financial results after the stock market close on Thursday, March 14, 2024. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results. Spruce Power Fourth Quarter and Full-Year 2023 Webcast and Conference Call Details When:
-- Spruce Pro expands Spruce Power into the commercial solar market, which is projected to experience double-digit growth through the end of the decade -- The new business line introduces a set of asset management and commodity trading tools to increase productivity and servicing quality for commercial solar customers -- Best-in-class customer and portfolio servicing can assist customers in increasing revenue, lengthening asset life, lowering operating costs and profitably meeting sustainability goals Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced the la
Distributed solar energy leader expands its Houston presence by over 10,000 square feet to support a growing portfolio of home solar assets and contracts Commitment to Texas includes plans to expand the Houston team by 20 in 2024 Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced a successful expansion of its operating headquarters in Houston, Texas. Spruce's operating headquarters in Houston is home to the business functions that support its goal of ensuring an industry leading customer experience. Beginning in 2019, the Company has organically built a resi
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report first quarter 2024 financial results after the stock market close on Wednesday, May 15. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results. Spruce Power First Quarter 2024 Webcast and Conference Call Details When: Wednesday, May 15, 2024 Time: 2:30 P
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report fourth quarter and full-year 2023 financial results after the stock market close on Thursday, March 14, 2024. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results. Spruce Power Fourth Quarter and Full-Year 2023 Webcast and Conference Call Details When:
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report third quarter 2023 financial results after the stock market close on Thursday, November 9. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 2:30 P.M. MST to discuss the results. Spruce Power Third Quarter 2023 Webcast and Conference Call Details When: Thursday, November 9, 2023 Time:
-Deal grows Spruce's total customer contract portfolio to over 75,000 systems- -Portfolio expected to generate about $4 million of annual revenue- Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of a portfolio of over 2,400 residential solar systems and contracts from a publicly traded, regulated utility company for $20.9 million. The acquisition closed on August 18, 2023. The acquired portfolio consists of residential solar systems located in California, New Jersey, and Massachusetts, with an average remaining contract life of nearly 11 y
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter ended June 30, 2023. Business Highlights Reported 2Q revenue of $22.8 million, net income attributable to stockholders of $3.1 million, and adjusted EBITDA, together with proceeds from investment in lease agreement, of $13.8 million. Fully integrated the recent acquisition of "Spruce Power 4 Portfolio", bringing total home solar assets and contracts to over 72,000 in 2Q. This represents approximately 44% growth year-over-year. Spruce now believes that its business cash infl
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report second quarter 2023 financial results after the stock market close on Thursday, August 10. The Company will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results. Spruce Power Second Quarter 2023 Webcast and Conference Call Details When: Thursday,
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter ended March 31, 2023. Business Highlights Added cash flows from 22,500 residential solar customer contracts through the Spruce Power 4 Portfolio acquisition, bringing total home solar assets and contracts to over 72,000 Announced a new common share repurchase program for the repurchase of up to $50 million of the Company's outstanding common stock Reported 1Q total revenue of $18.1 million, Net Loss of $19.4 million, Adjusted EBITDA of $4.7 million Ended quarter with
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report first quarter 2023 financial results after the stock market close on Monday, May 15. The Company will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 4:30 P.M. EDT to discuss the results. Spruce Power First Quarter 2023 Webcast and Conference Call Details When: Monday, May 15, 2
-Deal grows Spruce's total customer contract base by 44% to over 72,000 systems- -Portfolio expected to generate over $21 million of annual customer billings and about $18 million portfolio EBITDA - -10 state deal expands Spruce Power into new markets of Washington and Oregon- Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of SS Holdings 2017, LLC and its subsidiaries (the "Spruce Power 4 Portfolio") from a US-based private equity firm. The acquisition closed on March 23, 2023. The Spruce Power 4 Portfolio features the customer payment stre
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, is proactively monitoring the events and possible derivatives of Silicon Valley Bank's ("SVB") transition into receivership by the Federal Deposit Insurance Corporation. While Spruce Power will continue to evaluate this fluid situation, the Company has made an initial assessment that its exposure to SVB is immaterial. Spruce Power has less than $1 million of cash deposit exposure in operating accounts held with SVB. Several of Spruce Power's subsidiaries are borrowers in non-recourse senior debt credit facilities in place with S
Chairman of the Board Chris Hayes Appointed as President & CEODr. Audrey Lee joins the Board of DirectorsSpruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors."The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, including sust
Companies Reporting Before The Bell • Pharming (NASDAQ:PHAR) is projected to report earnings for its fourth quarter. • ImmunoPrecise Antibodies (NASDAQ:IPA) is likely to report quarterly loss at $0.07 per share on revenue of $4.50 million. • G-III Apparel Group (NASDAQ:GIII) is projected to report quarterly earnings at $0.67 per share on revenue of $817.48 million. • Dick's Sporting Goods (NYSE:DKS) is estimated to report quarterly earnings at $3.35 per share on revenue of $3.80 billion. • Protalix BioTherapeutics (AMEX:PLX) is likely to report quarterly loss at $0.03 per share on revenue of $5.80 million. • Hello Gr (NASDAQ:MOMO) is likely to report quarterly earnings at $0.34 per sha
-8-K On December 6, 2023, the lead plaintiff and the defendants entered into a Stipulation and Agreement of Settlement (the “Settlement Agreement”) toresolve the Class Action Litigation. On January 18, 2024, the Court preliminarily approved the proposed settlement as being fair, reasonable, andadequate, and scheduled a telephonic hearing for April 30, 2024 at 10:00 a.m. Eastern Time, to, among other things, consider whether to approve theproposed settlement. Under the terms of the Settlement Agreement, the Company will pay an aggregate of $19.5 million to a settlement fund to settle all claims asserted in theClass Action Litigation, class counsel’s fees, and the costs of administering the s
Spruce Power Holding (NYSE:SPRU) reported quarterly losses of $(0.07) per share. This is a 90.28 percent increase over losses of $(0.72) per share from the same period last year. The company reported $23.25 million in sales this quarter. This is a 178.11 percent increase over sales of $8.36 million the same period last year.
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Spruce's common stock anticipated to begin trading on a split-adjusted base on October 9, 2023. The Reverse Split, which has previously been approved by the company's Board of Directors, is intended to enable Spruce to comply with the NYSE's continued listing requirements.