Spruce Power Holding Corp
SPRU

$2.66

1.84%

Market Cap: $49.4M

About: Spruce Power Holding Corp is a leading owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to approximately 75,000 home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's primary customers are homeowners and the Company's core solar service offerings generate revenues primarily through (i) the sale of electricity generated by its home solar energy systems to homeowners, (ii) third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and (iii) the servicing of those agreements for other institutional owners of home solar energy systems.

Employees: 142

Utilities Electric Services

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3,425% more call options, than puts

Call options by funds: $141K | Put options by funds: $4K

100% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 6

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.04% less ownership

Funds ownership: 20.62% [Q1] → 20.58% (-0.04%) [Q2]

7% less capital invested

Capital invested by funds: $14.9M [Q1] → $13.9M (-$993K) [Q2]

12% less funds holding

Funds holding: 43 [Q1] → 38 (-5) [Q2]

63% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 8

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Research analyst outlook

We haven’t received any recent analyst ratings for SPRU.

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Financial journalist opinion

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

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

Spruce Power Reports Second Quarter 2024 Results

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

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”), 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

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 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

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, 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

Spruce Power Announces New Director

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 (SPRU) Q1 2024 Earnings Call Transcript

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

Spruce Power Reports First Quarter 2024 Results

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

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

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

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”), 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

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