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 Corp (NYSE: SPRU) provides renewable energy solutions through its network of residential solar systems and subscription-based services. This news hub offers investors and industry stakeholders centralized access to official announcements, operational updates, and strategic developments.
Key resources include: Quarterly financial results, solar asset acquisitions, partnership announcements, and service agreement expansions. Track the company's progress in distributed energy management and renewable credit markets through verified press releases.
Users will find updates on electricity sales performance, solar renewable energy credit (SREC) transactions, and system maintenance innovations. The curated collection enables monitoring of SPRU's market position within the competitive clean energy sector.
Bookmark this page for streamlined access to Spruce Power's latest corporate communications. Check regularly for updates on residential solar initiatives and renewable energy industry developments directly affecting SPRU's operations.
Spruce Power Holding (NYSE: SPRU), a leading distributed solar energy asset operator in the U.S., announced the appointment of Clara Nagy McBane to its Board of Directors. The Board now comprises seven members. Clara's extensive experience in renewable energy, including her role as CEO of Ventura Energy, is expected to bolster the company's strategic vision. The appointment follows a Cooperation Agreement with Clayton Capital Appreciation Fund, L.P. and Clayton Partners , which includes various customary provisions and will be documented in a Form 8-K with the SEC. Clara's past roles include senior positions at SOURCE Global PBC, Advanced Microgrid Solutions, and Sunlink
Spruce Power Holding (NYSE: SPRU) reported its Q1 2024 financial results, revealing $18.3 million in revenue, a net loss of $2.5 million, and an Operating EBITDA of $10.7 million. The company ended the quarter with $120.6 million in unrestricted cash. Newly appointed CEO Chris Hayes aims for growth through the Spruce Pro servicing platform. Core operating expenses were $16.6 million, down from the previous year's $17.6 million. The total cash position decreased to $149.7 million due to legal settlements. Spruce reaffirmed its 2024 guidance with Operating EBITDA expected between $68-$86 million.
Spruce Power Holding (NYSE: SPRU) has announced a notice regarding the settlement of stockholder derivative matters, involving claims of breach of fiduciary duty in connection with a merger. The proposed settlement aims to resolve the claims and provide corporate governance reforms. Current stockholders are advised of their rights in relation to the settlement and the upcoming hearing. The settlement involves a court-approved Stipulation that requires the company to adopt certain reforms and procedures. The court will determine the fee and expense amount for plaintiffs' counsel. Stockholders have the right to object to the settlement and must follow specific procedures to do so.
Spruce Power Holding (NYSE: SPRU) will release its first quarter 2024 financial results on May 15 after the stock market close. The company will host a conference call and webcast to discuss the results with investors and analysts.
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