Spruce Power Holding Corp

Spruce Power Holding Corp. engages in the ownership and operation of distributed solar energy assets. The firm provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. It offers products relating to battery solutions, system expansion, extended service agreement, and fleet management. The company was founded by Thomas J. Hynes, III in 2009 and is headquartered in Denver, CO.

Earnings data Q1 2021

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Earnings data Q4 2024

Spruce Power Holding Corp reports robust Q1 performance and growth strategies

Spruce Power Holding Corp's Q1 2024 earnings call highlighted strong financial performance, strategic initiatives, and a focus on long-term growth, positioning the company for sustained success and value creation.
The emphasis on financial stability, operational efficiency, and disciplined capital allocation underscores Spruce's commitment to maximizing shareholder value and capitalizing on market opportunities.
Addressing challenges such as market uncertainties and competitive pressures while leveraging opportunities for expansion through strategic acquisitions and organic growth initiatives will be key to driving future growth and profitability.

Spruce Power Holding Corp reports steady Q2 performance and growth outlook

Spruce Power Holding Corp (SPRU) demonstrated steady financial performance in Q2 2024, with a focus on strategic growth initiatives and prudent capital management.
While facing challenges in meeting financial guidance, the company remains optimistic about future opportunities in the renewable energy market.
By emphasizing disciplined growth strategies and maintaining financial stability, Spruce is poised to navigate challenges and capitalize on opportunities for sustainable expansion.

Spruce Power reports solid Q3 performance amidst financial challenges

Spruce Power's Q3 performance met expectations with strong revenue and EBITDA figures, but faced challenges with a net loss.
The company's strengths lie in its disciplined capital allocation, acquisition plans, and optimistic growth outlook.
While challenges include financial losses and market uncertainties, opportunities exist in expansion and shareholder value enhancement.
Overall, Spruce Power remains focused on growth, acquisitions, and navigating market dynamics for long-term success.

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DENVER--(BUSINESS WIRE)--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 sp.

Spruce Power Announces First Spruce Pro Servicing Customer

New Jersey Resources

DENVER--(BUSINESS WIRE)--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 residenti.

Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy Ventures, Adding Nearly 9,800 Customers in New Jersey

WALL, N.J.--(BUSINESS WIRE)--NJR Clean Energy Ventures (CEV), a clean energy subsidiary of New Jersey Resources (NYSE: NJR), today announced the sale of its 91 megawatt (MW) residential solar portfolio, to Spruce Power Holding Corporation (NYSE: SPRU) for a total of $132.5 million. NJR expects to record a gain on sale in fiscal 2025, and will use the proceeds to pay down corporate debt and for general working capital purposes. “Renewable energy investments are an integral part of our business a.

NJR Clean Energy Ventures Announces Sale of Residential Solar Business

Spruce Power Holding Corporation (NYSE:SPRU ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Bronson Fleig - Head, IR Chris Hayes - CEO Sarah Wells - CFO Conference Call Participants Peter Gastreich - Water Tower Research Operator Thank you for standing by. My name is John and I'll be your conference operator for today.

Spruce Power Holding Corporation (SPRU) Q3 2024 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--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.

Spruce Power Reports Third Quarter 2024 Results

DENVER--(BUSINESS WIRE)--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. Managem.

Spruce Power to Release Third Quarter 2024 Results and Host Conference Call on November 13

Spruce Power Holding Corporation (NYSE:SPRU ) Q2 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Bronson Fleig - Head, IR Chris Hayes - CEO Sarah Wells - CFO Conference Call Participants Shawn Severson - Water Tower Research Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.

Spruce Power Holding Corporation (SPRU) Q2 2024 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--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 mill.

Spruce Power Reports Second Quarter 2024 Results

DENVER--(BUSINESS WIRE)--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. Manageme.

Spruce Power to Release Second Quarter 2024 Results and Host Conference Call on August 14

DENVER--(BUSINESS WIRE)--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 o.

Spruce Power Welcomes its Newest Leadership Addition: Clean Energy Executive and Entrepreneur, Richard DiMatteo

DENVER--(BUSINESS WIRE)--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 incrementa.

Spruce Power Announces $130 Million Debt Financing

DENVER--(BUSINESS WIRE)--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.

Spruce Power Announces New Director

Spruce Power Holding Corporation (NYSE:SPRU ) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Bronson Fleig - Head, IR Chris Hayes - CEO Sarah Wells - CFO Conference Call Participants Peter Gastreich - Water Tower Research Tristan Richardson - Scotiabank Operator Thank you for standing by. My name is Krista, and I will be your conference operator today.

Spruce Power Holding Corporation (SPRU) Q1 2024 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--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, 2024. Business Highlights Reported 1Q revenue of $18.3 million, net loss attributable to stockholders of $2.5 million and Operating EBITDA of $10.7 million. Ended quarter with strong liquidity position for future growth, with $120.6 million of.

Spruce Power Reports First Quarter 2024 Results

DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) has released the following notice according to THE UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS: THE UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS   VAL KAY, Derivatively on Behalf of Nominal Defendant XL FLEET CORP.,   Plaintiff, v.   DEB FRODL, ERIC TECH, KEVIN GRIFFIN, CHRIS HAYES, JOHN LEDECKY, SARA SCLARSIC, JOHN MILLER, H.R. BRADY, DIMITRI KAZARINOFF, THOMAS J. HYNES III, AND BRIAN PIERN,   Defendant.

Spruce Power Announces Notice of Pendency and Proposed Settlement of Stockholder Derivative Matters

DENVER--(BUSINESS WIRE)--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 w.

Spruce Power to Release First Quarter 2024 Results and Host Conference Call on May 15

DENVER--(BUSINESS WIRE)--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 t.

Spruce Power CEO Chris Hayes to Participate in a Water Tower Research Fireside Chat on Friday, April 26 at 11:00 AM ET

DENVER--(BUSINESS WIRE)--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 Pr.

Spruce Power Adds Industry Veteran to Lead Asset Operations

DENVER--(BUSINESS WIRE)--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 s.

Spruce Power Holding Corporation Announces Leadership Changes

Spruce Power Holding Corporation (NYSE:SPRU) Q4 2023 Results Conference Call March 14, 2024 4:30 PM ET

Spruce Power Holding Corporation (SPRU) Q4 2023 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--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, 2023. Business Highlights Added approximately 25,000 customer contracts in 2023, for nearly 50% year-on-year growth, to reach over 75,000 home solar assets and contracts. Launched 'Spruce Pro' brand, expanding Spruce Power's.

Spruce Power Reports Fourth Quarter and Full-Year 2023 Results

DENVER--(BUSINESS WIRE)--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/defa.

Spruce Power to Release Fourth Quarter and Full-Year 2023 Results and Host Conference Call on March 14

DENVER--(BUSINESS WIRE)--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 launch of Spruce Pro, a brand that extends Spruce's distributed solar energy servicing capabilities into a new growth segment of commercial solar. Built on the foundational strength of Spruce's existing portfolio servicing of owned and third-party home solar assets, Spruce Pro is poised t.

Spruce Power Launches ‘Spruce Pro' Brand, Expanding its Servicing Solutions into the Commercial Solar Market

DENVER--(BUSINESS WIRE)--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 residential en.

Spruce Power Announces Expansion of Operating Headquarters in Houston, Texas

Spruce Power Holding Corporation: A busted SPAC trading below cash value with a new CEO and business model focused on investing in seasoned solar assets. Skepticism about the board and previous decision-making, but potential for $10 per share if they don't burn cash. Settlement with SEC for $11mm, leaving $7+ per share in unrestricted cash. Opportunity for value creation through partnerships and stock buybacks.

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