SPRU icon

Spruce Power Holding Corp

1.94 USD
-0.01
0.51%
At close Apr 25, 4:00 PM EDT
1 day
-0.51%
5 days
-4.43%
1 month
-24.51%
3 months
-28.41%
6 months
-22.40%
Year to date
-37.22%
1 year
-55.61%
5 years
-97.57%
10 years
-97.52%
 

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

Employees: 165

0
Funds holding %
of 7,425 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures 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

2.81% less ownership

Funds ownership: 21.52% [Q3] → 18.71% (-2.81%) [Q4]

9% less capital invested

Capital invested by funds: $11.3M [Q3] → $10.3M (-$998K) [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

Neutral
Business Wire
1 week ago
Spruce Announces Appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications
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 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 dev.
Spruce Announces Appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications
Neutral
Business Wire
2 weeks ago
Spruce Power Announces New Partnership to Monetize Solar Renewable Energy Credits (SRECs) in California
DENVER--(BUSINESS WIRE)--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 credi.
Spruce Power Announces New Partnership to Monetize Solar Renewable Energy Credits (SRECs) in California
Positive
Benzinga
3 weeks 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.
Top 3 Utilities Stocks That May Rocket Higher This Quarter
Neutral
Seeking Alpha
3 weeks 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.
Spruce Power Holding Corporation (SPRU) Q4 2024 Earnings Call Transcript
Neutral
Business Wire
3 weeks ago
Spruce Power Reports Fourth Quarter and Full-Year 2024 Results
DENVER--(BUSINESS WIRE)--Spruce Power 4Q'24 and Full-Year 2024 earnings release.
Spruce Power Reports Fourth Quarter and Full-Year 2024 Results
Neutral
Business Wire
1 month 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.
Spruce Power Reschedules Release of Fourth Quarter and Full-Year 2024 Results and Conference Call to March 31
Neutral
Business Wire
1 month 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.
Spruce Power to Release Fourth Quarter and Full-Year 2024 Results and Host Conference Call on March 26
Neutral
Business Wire
4 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.
Spruce Power Announces First Spruce Pro Servicing Customer
Neutral
Business Wire
5 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.
Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy Ventures, Adding Nearly 9,800 Customers in New Jersey
Neutral
Business Wire
5 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.
NJR Clean Energy Ventures Announces Sale of Residential Solar Business
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