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), 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.
Spruce Power (NYSE: SPRU), a leading distributed solar energy assets operator in the United States, will release its second quarter 2025 financial results on Monday, August 11, 2025, after market close.
The company will host a conference call and webcast for investors and analysts at 4:30 PM ET/2:30 PM MDT. Participants can join via phone at (646) 307-1963 with Conference ID 3699222 or through the webcast. A replay will be available until August 25, 2025, by dialing 800-770-2030.
Spruce Power Holding Corporation (NYSE: SPRU), a leading distributed solar energy assets operator in the US, announced the results of its 2025 Annual Meeting of Stockholders. All proposed items were approved by shareholders, including the election of directors, advisory resolution on executive compensation, and ratification of independent auditors.
The company announced board changes with Kevin Griffin retiring as an independent director and Shawn Kravetz being elected as a new independent director. Kravetz, who is President and CIO of Esplanade Capital LLC, brings extensive experience in strategy consulting, micro-cap investing, and public company board service. The Board maintains seven members.
Spruce Power (NYSE: SPRU) reported its Q1 2025 financial results, showing revenue growth of 30% year-over-year to $23.8 million. Despite this growth, the company recorded a net loss of $15.3 million. Operating EBITDA increased 15% to $12.3 million compared to the previous year. The company maintains a strong cash position of $96.5 million.
The growth was primarily driven by the November 2024 acquisition of residential solar assets from NJR Clean Energy Ventures. Spruce's portfolio now includes approximately 85,000 home solar assets across 18 U.S. states, with an additional 60,000 residential solar systems serviced through Spruce PRO. The company's gross portfolio value stands at $901.0 million, with total debt of $723.8 million at a 6.0% blended interest rate.
During Q1 2025, Spruce repurchased 0.3 million shares at an average price of $2.70 per share, with $43.0 million remaining in its authorized buyback program.
Spruce Power (NYSE: SPRU) reported its Q1 2025 financial results, showing revenue growth of 30% year-over-year to $23.8 million. The company posted a net loss of $15.3 million and Operating EBITDA of $12.3 million, up 15% from the previous year. The growth was primarily driven by the November 2024 acquisition of residential solar assets from NJR Clean Energy Ventures.
As of March 31, 2025, Spruce manages approximately 85,000 home solar assets across 18 U.S. states and services about 60,000 third-party systems through Spruce PRO. The company maintains a strong balance sheet with $96.5 million in total cash and $723.8 million in non-recourse debt. During Q1, Spruce repurchased 0.3 million shares at an average price of $2.70 per share, with $43.0 million remaining in its buyback program.
Spruce Power (NYSE: SPRU) has announced a new $50 million share repurchase program authorized by its board of directors. The program will run from May 15, 2025, to May 15, 2027, following the expiration of its current buyback program. The company will execute repurchases through various means, including open market transactions and Rule 10b5-1/10b-18 trading plans.
Under its previous repurchase program (May 15, 2023 - May 12, 2025), Spruce bought back 1,870,827 shares at a weighted average price of $4.33 per share. The new program's implementation will be discretionary, with timing and purchase amounts determined by management based on market conditions and alternative opportunities.
Spruce Power Holding Corporation (NYSE: SPRU) announced that Chief Financial Officer Sarah Wells will resign effective May 14, 2025, to pursue other opportunities. The company plans to appoint an interim CFO before Wells' departure and is conducting a search for a permanent replacement. CEO Chris Hayes emphasized the search for a successor with capital markets expertise and experience in operational efficiencies and growth strategies. The company confirmed its first quarter 2025 earnings webcast will proceed as scheduled on May 14, 2025, at 4:30 p.m. ET.
Spruce Power (NYSE: SPRU), a leading distributed solar energy assets operator in the United States, will release its first quarter 2025 financial results on Wednesday, May 14, 2025, after market close. The company will host a conference call and webcast for investors and analysts at 4:30 PM ET/2:30 PM MT on the same day.
Interested parties can access the conference call by dialing (646) 307-1963 with Conference ID 3699222. A webcast will also be available. A replay of the call will be accessible until May 28, 2025, by dialing 800-770-2030 using the same conference ID.
[]Spruce Power Holding (NYSE: SPRU) has appointed Chris Hayden as Senior Vice President of IT and Enterprise Applications. Hayden will lead the advancement of Spruce's service platform, scale the Spruce PRO service offering, and drive innovation across IT functions including strategy, infrastructure, application development, and security.
With over 25 years of experience in digital business innovation and strategic IT planning, Hayden previously served as Chief Technology Officer and Executive Vice President at Sunnova Energy. His prior roles include Chief Information Officer at STREAM and IT leadership at TXU Energy. He began his career as a management consultant at Capgemini and Ernst & Young.