IPO Year: 2019
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|
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 first quarter ended March 31, 2025. First Quarter 2025 Business Highlights Revenues of $23.8 million, up 30% from the year-earlier period Net loss attributable to stockholders of $15.3 million Operating EBITDA of $12.3 million, up 15% from the year-earlier period Total cash balance of $96.5 million as of March 31, 2025 Portfolio of approximately 85,000 home solar assets and contracts across 18 U.S. states as of March 31, 2025 Spruce PRO servicing approximately 60,000 residenti
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce") today announced that its board of directors has authorized a share repurchase program (the "Share Repurchase Program") to repurchase up to $50 million of Spruce's common stock on or before May 15, 2027, beginning upon the expiry of its current share repurchase program on May 15, 2025. The Board believes that the authorization of the Share Repurchase Program will enable Spruce to opportunistically return value to shareholders. The Share Repurchase Program authorizes Spruce to effect repurchases through open market transactions, privately negotiated transactions, Rule 10b5-1 trading plans and/or Rule 10b-18 trading plans, and other mean
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company") today announced that Sarah Wells, Chief Financial Officer ("CFO"), has resigned, effective May 14, 2025, to pursue other opportunities. Spruce expects to appoint an interim CFO prior to Wells departing. The Company is undertaking a search to fill the CFO position on a permanent basis. "I would like to thank Sarah for her numerous contributions to Spruce's growth and development, and we wish her the best going forward," said Chris Hayes, Chief Executive Officer of Spruce. "We intend to identify a strong successor with capital markets expertise and a track record of driving operational efficiencies and executing growth
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 2025 financial results after the stock market close on Wednesday, May 14. 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 2025 Webcast and Conference Call Details When: Wednesday, May 14, 2025 Time
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 the appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications. Hayden will focus on advancing Spruce's service platform, scaling the Spruce PRO service offering, and driving innovation across the Company's IT function, including strategy, infrastructure, application development, and security. "Chris has deep expertise in the solar industry and a proven track record of successful leadership in information technology and software development," said Derick Smith, Chief Operating Officer of Spr
Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company") today announced the signing of a new Spruce Pro servicing partnership with commercial & industrial ("C&I") and residential solar installer Hot Purple Energy ("Hot Purple") to monetize Solar Renewable Energy Credits ("SREC") in California. This partnership is part of a broader Spruce initiative to leverage the Company's platform and experience to capture the unrealized benefit of SREC credits for installers and C&I operators. As part of this agreement, Spruce will be responsible for initial and ongoing registration and monetization of Hot Purple's SRECs with the Western Renewable Energy Generation Information System ("
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 fourth quarter and year ended December 31, 2024. Business Highlights Reported 4Q revenues of $20.2 million, net loss attributable to stockholders of $5.9 million and Operating EBITDA of $10.8 million Ended quarter with liquidity position of $72.8 million in unrestricted cash to support future growth and current operations Added approximately 9,800 home solar assets and customer contracts in 2024 via NJR Clean Energy Ventures, a subsidiary of New Jersey Resources Corporation (NYSE:NJ
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 has rescheduled its previously announced earnings conference call. The company will now host a conference call to review fourth quarter and full-year 2024 results after the stock market close on Monday, March 31. 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 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 2024 financial results after the stock market close on Wednesday, March 26. 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 2024 Webcast and Conference Call Details When: Wednesday, Marc
--Multi-year Agreement with ADT for Several Servicing Needs-- Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company") today announced the first customer for its Spruce Pro servicing business. Spruce signed a multi-year Service Agreement with ADT, under which Spruce Pro will facilitate the management and resolution of workmanship and equipment warranty claims for customers of ADT's former solar business, which it wound down earlier in 2024. "We are proud to partner with ADT to provide a solution set to meet the specific servicing needs of the customers of their former solar business," said CEO Chris Hayes. "This announcement underscores our strong commitment to grow Spru
4 - 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)
4 - 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)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
DEF 14A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K/A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
10-Q - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K/A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
10-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K/A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
8-K - SPRUCE POWER HOLDING CORP (0001772720) (Filer)
4 - 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)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)
4/A - 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)
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 first quarter ended March 31, 2025. First Quarter 2025 Business Highlights Revenues of $23.8 million, up 30% from the year-earlier period Net loss attributable to stockholders of $15.3 million Operating EBITDA of $12.3 million, up 15% from the year-earlier period Total cash balance of $96.5 million as of March 31, 2025 Portfolio of approximately 85,000 home solar assets and contracts across 18 U.S. states as of March 31, 2025 Spruce PRO servicing approximately 60,000 residenti
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 2025 financial results after the stock market close on Wednesday, May 14. 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 2025 Webcast and Conference Call Details When: Wednesday, May 14, 2025 Time
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 fourth quarter and year ended December 31, 2024. Business Highlights Reported 4Q revenues of $20.2 million, net loss attributable to stockholders of $5.9 million and Operating EBITDA of $10.8 million Ended quarter with liquidity position of $72.8 million in unrestricted cash to support future growth and current operations Added approximately 9,800 home solar assets and customer contracts in 2024 via NJR Clean Energy Ventures, a subsidiary of New Jersey Resources Corporation (NYSE:NJ
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 has rescheduled its previously announced earnings conference call. The company will now host a conference call to review fourth quarter and full-year 2024 results after the stock market close on Monday, March 31. 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 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 2024 financial results after the stock market close on Wednesday, March 26. 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 2024 Webcast and Conference Call Details When: Wednesday, Marc
-Deal Grows Spruce's Home Solar Assets and Contracts by ~13% to ~85,000- -Accelerates Operating Efficiencies to Enhance Customer Experience and Shareholder Value- Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company") today announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures ("CEV"), a subsidiary of New Jersey Resources Corporation (NYSE:NJR), for $132.5 million. The acquisition closed on November 22, 2024. The acquired assets ("Spruce Power 5 Portfolio" or the "Portfolio") consist of approximately 9,800 solar systems in New Jersey that were installed under a CEV residential solar program between 2010 to 2024. Solar systems under
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 third quarter ended September 30, 2024. Business Highlights Reported 3Q revenues of $21.4 million, net loss attributable to stockholders of $53.5 million and Operating EBITDA of $17.7 million Ended quarter with strong liquidity position for future growth, with $113.7 million of unrestricted cash Executed a non-binding Letter of Intent ("LOI") to acquire a portfolio of approximately 10,000 home solar assets and contracts - this deal is expected to close in the fourth quarter of 2
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 2024 financial results after the stock market close on Wednesday, November 13. 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 2024 Webcast and Conference Call Details When: Wednesday, November 13, 202
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 second quarter ended June 30, 2024. Business Highlights Reported 2Q revenues of $22.5 million, net loss attributable to stockholders of $8.6 million and Operating EBITDA of $14.4 million. Ended quarter with strong liquidity position for future growth, with $116.6 million of unrestricted cash. Continued to evaluate a pipeline of both operating residential solar portfolio M&A opportunities and organic growth prospects through Spruce Pro. Refinanced nearest maturing debt facilit
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 second quarter 2024 financial results after the stock market close on Wednesday, August 14. 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 Second Quarter 2024 Webcast and Conference Call Details When: Wednesday, August 14, 2024 Time
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 the appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications. Hayden will focus on advancing Spruce's service platform, scaling the Spruce PRO service offering, and driving innovation across the Company's IT function, including strategy, infrastructure, application development, and security. "Chris has deep expertise in the solar industry and a proven track record of successful leadership in information technology and software development," said Derick Smith, Chief Operating Officer of Spr
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