Spruce Power Holding Corp Stock Price, News & Analysis

Spruce Power (NYSE: SPRU) reported Q3 2025 results: revenues $30.7M (+44% YoY) and Operating EBITDA $26.2M (+48% YoY). Total cash was $98.8M or $5.44 per share as of September 30, 2025. Net loss attributable to stockholders improved to $0.9M loss versus $53.6M loss year‑ago. Adjusted cash flow from operations was $20.2M (up 104% YoY); GAAP operating cash flow was $11.2M. O&M expense declined 53% YoY to $1.8M; SG&A declined 4% to $12.9M. Total portfolio: ~85,000 home solar assets and ~60,000 third‑party systems serviced; combined generation ~190,081 MWh in the quarter. Total outstanding non‑recourse debt was $705.6M at a blended rate of 6.1%. Management disclosed a workforce reduction and ongoing refinancing discussions for an SP1 debt obligation due Q2 2026.

Spruce Power (NYSE: SPRU) will release its third quarter 2025 financial results after market close on Tuesday, November 11, 2025.

The company will post a press release on its Investor Relations website and host a live conference call and webcast for investors and analysts on November 11 at 3:30 P.M. CT (4:30 P.M. ET). Dial-in details: (646) 307-1963, Conference ID 3699222. Webcast: https://events.q4inc.com/attendee/304878073.

A replay is available by dialing 800-770-2030 using Conference ID 3699222 through November 24, 2025. The press release will be accessible on the Spruce Power Investor Relations site.

Spruce Power (NYSE: SPRU), a leading residential solar asset operator, has announced a strategic partnership with Treehouse to expand into the home battery storage market. The collaboration leverages Spruce's existing base of over 85,000 residential solar systems nationwide, enabling customers to upgrade their systems with battery storage solutions.

The partnership implements a capital-light growth model that monetizes Spruce's solar fleet through battery upgrades without requiring asset ownership. Through Treehouse's software platform and licensed electricians, Spruce customers will receive comprehensive battery installation services, from system design to permitting and installation.

This strategic move positions Spruce to capture opportunities in grid services and virtual power plants (VPPs) while creating new recurring revenue streams and enhancing customer lifetime value.

Spruce Power (NYSE:SPRU), a leading distributed solar energy asset operator, has secured a multi-year backup servicing agreement with Sunvida, a Puerto Rico-based solar financing platform. The partnership, through Spruce PRO servicing solutions, will initially focus on data storage, validity, and reporting, with potential for future expansion.

The agreement marks Spruce's strategic expansion into Puerto Rico, one of the leading U.S. territories for residential solar adoption per capita. Through this partnership, Sunvida aims to enhance its business continuity and quality assurance for residential solar customers, while Spruce strengthens its position as a comprehensive solar portfolio servicer capable of serving diverse clients from regional investors to Fortune Global 50 companies.

Spruce Power (NYSE:SPRU), a leading distributed solar energy assets operator, has announced significant operational restructuring aimed at improving efficiency and profitability. The company is implementing cost-cutting measures expected to generate $20 million in annual savings, including workforce reductions and office consolidation.

With a strong cash position of over $90 million, Spruce aims to accelerate its path to positive free cash flow while scaling its solar platform. The restructuring will incur a one-time charge of $1.0 million in Q3. The company plans to focus on core initiatives, including expanding its distributed solar energy platform, accelerating Spruce PRO sales, and implementing automation and IT systems improvements.

Spruce Power (NYSE:SPRU) has secured a partnership with EnerWealth Solutions to launch North Carolina's first residential solar plus storage lease program. Through its Spruce PRO channel, the company will provide operational infrastructure and services for EnerWealth's solar projects.

The program features no upfront costs, requires no credit checks, includes production guarantees with maintenance, and offers on-site battery storage. Spruce will leverage its experience managing 145,000 residential solar assets nationwide to provide billing, collections, homeowner support, and technical services.

AstroNova (Nasdaq: ALOT) has appointed Shawn Kravetz to its Board of Directors, following a Cooperation Agreement with Askeladden Capital Management LLC. Kravetz, who will serve as an independent director on the Nominating and Governance Committee, brings significant experience as the Founder and Chief Investment Officer of Esplanade Capital LLC.

The appointment comes as AstroNova aims to reset its Product Identification segment while leveraging its Aerospace segment's market position. As part of the agreement, Askeladden has committed to certain standstill and voting commitments, including supporting the Board's full slate of directors at the 2025 Annual Meeting.

Spruce Power (NYSE:SPRU), a leading owner and operator of distributed solar energy assets, reported strong Q2 2025 results with revenue surging 48% to $33.2 million. The company achieved significant operational improvements, with Operating EBITDA up 71% to $24.6 million and O&M expenses down 52% to $2.1 million.

The company maintains a robust balance sheet with $90.5 million in cash ($5.07 per share) and manages approximately 85,000 home solar assets across 18 U.S. states. Net loss improved to $3.0 million from $8.6 million year-over-year. The company's portfolio generated 187 thousand MWh of power during Q2, with Spruce PRO servicing an additional 60,000 residential solar systems.

Spruce Power (NYSE:SPRU), a leading distributed solar energy asset operator, has secured a significant multi-year agreement to sell Solar Renewable Energy Credits (SRECs) in New Jersey to a Fortune Global 50 investment-grade energy company.

The deal is projected to generate $10 million in fully-hedged revenue through 2029. This strategic partnership represents Spruce's initiative to maximize value from its SREC portfolio while maintaining price stability through hedging.

CEO Chris Hayes highlighted this as a low-cost, low-risk opportunity to generate capital-light, high-margin cash flow, with potential for similar opportunities in northeastern states and California.