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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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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Spruce Power, a residential solar company, is replacing the legacy retrofitting business which was beset by poor unit economics. The move represents a hard pivot by management and will see shareholders gain exposure to the fast-growing market for home solar systems.

Spruce Power: Meet The New XL Fleet

DENVER--( BUSINESS WIRE )--Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”; formerly known as XL Fleet), a leading owner and operator of distributed solar energy assets across the United States, today announced the anticipated timing of its previously indicated leadership transition.

Spruce Power Appoints Christian Fong as CEO Effective February 1

WIXOM, Mich.--( BUSINESS WIRE )--Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”; formerly known as XL Fleet), a leading owner and operator of distributed solar energy assets across the United States, today announced that Debora Frodl will be retiring, and Sarah Sclarsic will be stepping down, from the Company's board of directors (the “Board”) effective December 31, 2022. Ms. Frodl is retiring after serving as a Company director since May 2018, and as Chair since December 2020. She has also served as chair of the Nomination and Governance Committee and as a member of the Audit Committee. Ms. Sclarsic, who has served on the board since December 2020 as a member of the Audit Committee, is departing to pursue opportunities through a climate technology venture capital firm that she co-founded in 2021.

Spruce Power Announces Changes to its Board of Directors

WIXOM, Mich.--( BUSINESS WIRE )--Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”; formerly known as XL Fleet), a leading owner and operator of distributed solar energy assets across the United States, today announced completion of its strategic transformation to a pure play clean energy solutions business:

Spruce Power Announces Actions to Exit Legacy XL Fleet Drivetrain Business

News for Spruce Power Holding Corp Stock (SPRU)