Spruce Power Holding CorpSPRU
SPRU
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
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
0% more funds holding
Funds holding: 35 [Q3] → 35 (+0) [Q4]
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
6.97% less ownership
Funds ownership: 25.69% [Q3] → 18.71% (-6.97%) [Q4]
24% less capital invested
Capital invested by funds: $13.5M [Q3] → $10.3M (-$3.19M) [Q4]
88% less call options, than puts
Call options by funds: $4K | Put options by funds: $34K
100% less funds holding in top 10
Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for SPRU.
Financial journalist opinion
Based on 5 articles about SPRU published over the past 30 days
Positive
Benzinga
2 days ago
Top 3 Utilities Stocks That May Rocket Higher This Quarter
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
Neutral
Seeking Alpha
4 days ago
Spruce Power Holding Corporation (SPRU) Q4 2024 Earnings Call Transcript
Spruce Power Holding Corporation (NYSE:SPRU ) Q4 2024 Earnings Conference Call March 31, 2025 4:30 PM ET Company Participants Scott Kozak - Director, Investor Relations Chris Hayes - Chief Executive Officer Sarah Wells - Chief Financial Officer & Head, Sustainability Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I'll be your conference operator today.
Neutral
Business Wire
4 days ago
Spruce Power Reports Fourth Quarter and Full-Year 2024 Results
DENVER--(BUSINESS WIRE)--Spruce Power 4Q'24 and Full-Year 2024 earnings release.
Neutral
Business Wire
1 week ago
Spruce Power Reschedules Release of Fourth Quarter and Full-Year 2024 Results and Conference Call to March 31
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 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 I.
Neutral
Business Wire
3 weeks ago
Spruce Power to Release Fourth Quarter and Full-Year 2024 Results and Host Conference Call on March 26
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 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.a.
Neutral
Business Wire
3 months ago
Spruce Power Announces First Spruce Pro Servicing Customer
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.
Neutral
Business Wire
4 months ago
Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy Ventures, Adding Nearly 9,800 Customers in New Jersey
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.
Neutral
Business Wire
4 months ago
NJR Clean Energy Ventures Announces Sale of Residential Solar Business
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.
Neutral
Seeking Alpha
4 months ago
Spruce Power Holding Corporation (SPRU) Q3 2024 Earnings Call Transcript
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.
Neutral
Business Wire
4 months ago
Spruce Power Reports Third 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 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.
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