Welcome to our dedicated page for Spruce Power Holding news (Ticker: SPRU), a resource for investors and traders seeking the latest updates and insights on Spruce Power Holding stock.
Spruce Power Holding Corporation (NYSE: SPRU) is an owner and operator of distributed residential solar energy assets across the United States, with a business built around rooftop solar power, battery storage and subscription-based energy services for homeowners. The Spruce Power news stream highlights how the company manages and expands its solar portfolio, develops partnerships and adjusts its operations and capital structure.
Readers of this page can follow company announcements on quarterly financial results, where Spruce Power reports on revenues, operating expenses, operating EBITDA, cash flow from operations, portfolio size and generation, and key operating metrics tied to its approximately 85,000 home solar assets and customer contracts. Earnings releases also describe trends in operations and maintenance (O&M) costs, selling, general and administrative (SG&A) expenses, and the impact of acquisitions and servicing agreements on performance.
News coverage also includes updates on Spruce PRO, the company’s servicing platform for third-party owned residential solar systems. Press releases describe multi-year servicing and backup servicing agreements with partners such as solar developers and financing platforms, as well as the expansion of services into regions like Puerto Rico and U.S. states where residential solar and storage programs are being developed.
In addition, Spruce Power issues news on strategic initiatives such as cost-reduction programs, workforce adjustments and office consolidations aimed at streamlining operations, as well as capital allocation actions like share repurchase activity and SREC sales agreements. Announcements about partnerships in the home battery storage market and changes in senior leadership, including executive appointments, provide further context on the company’s direction. Investors and observers can use this page to monitor how Spruce Power communicates its progress, risk considerations and strategic priorities over time.
Spruce Power (NYSE: SPRU) reported it reduced operations & maintenance (O&M) servicing costs by approximately 25% in New Jersey through an in-house, vertically integrated field services model.
The company is expanding that model into Southern California (San Diego through Los Angeles), aims to shorten repair cycles, capture more SREC revenue, and may offer third-party servicing. Spruce owns cash flows from ~84,000 home solar assets and services ~140,000 systems across the U.S.
Spruce Power (NYSE: SPRU) appointed Thomas Cimino as Chief Financial Officer, effective immediately, after serving as Interim CFO since June 2025 and executing his employment agreement on December 3, 2025.
Cimino brings more than 25 years of senior financial leadership across energy, infrastructure, and capital markets, including prior CFO roles at Vantage Drilling International and AEI Services and senior roles at EnfraGen, the U.S. Securities and Exchange Commission, PwC, and KPMG. Company commentary credits Cimino with strengthening internal controls and advancing the company’s operational and capital-allocation strategy.
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.