Spruce Power Holding CorpSPRU
SPRU
About: Spruce Power Holding Corp is an owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's customers are homeowners and the Company's core solar service offerings generate revenues through, the sale of electricity generated by its home solar energy systems to homeowners, third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and the servicing of those agreements for other institutional owners of home solar energy systems.
Employees: 165
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
0.55% more ownership
Funds ownership: 18.71% [Q4 2024] → 19.27% (+0.55%) [Q1 2025]
14% less funds holding
Funds holding: 35 [Q4 2024] → 30 (-5) [Q1 2025]
16% less capital invested
Capital invested by funds: $10.3M [Q4 2024] → $8.64M (-$1.7M) [Q1 2025]
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Research analyst outlook
We haven’t received any recent analyst ratings for SPRU.
Financial journalist opinion
Neutral
Business Wire
4 days ago
Spruce Power Announces Appointment of Interim Chief Financial Officer
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) is pleased to announce the appointment of Thomas Cimino as Interim Chief Financial Officer (“CFO”), effective June 5, 2025. This announcement follows the transition of former Chief Financial Officer Sarah Wells who departed Spruce to pursue a private company opportunity. Spruce is undertaking a search to fill the CFO position on a permanent basis. "With significant experience as a senior-level fin.
Neutral
Business Wire
1 month ago
CORRECTING and REPLACING Spruce Power Reports First Quarter 2025 Results
DENVER--(BUSINESS WIRE)--Under the Consolidated Financial Results header, the second sentence of the second paragraph should read: Core operating expenses, which includes both selling, general & administrative expenses ("SG&A") of $14.1 million and operations & maintenance expenses ("O&M") of $3.9 million, were $18.0 million for the first quarter of 2025, up from $13.5 million, $3.1 million, and $16.6 million for the first quarter of 2024, respectively (instead of: Core operatin.
Neutral
Seeking Alpha
1 month ago
Spruce Power Holding Corporation (SPRU) Q1 2025 Earnings Call Transcript
Spruce Power Holding Corporation (NYSE:SPRU ) Q1 2025 Earnings Conference Call May 14, 2025 4:30 PM ET Company Participants Scott Kozak - Director, Investor Relations Chris Hayes - Chief Executive Officer Sarah Wells - Chief Financial Officer & Head, Sustainability Conference Call Participants Peter Gastreich - Water Tower Research Operator Hello, and thank you for standing by. My name is Lacey and I will be your conference operator today.
Neutral
Business Wire
1 month ago
Spruce Power Reports First Quarter 2025 Results
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Business Highlights Revenues of $23.8 million, up 30% from the year-earlier period Net loss attributable to stockholders of $15.3 million Operating EBITDA of $12.3 million, up 15% from the year-earlier period Tota.
Neutral
Business Wire
1 month ago
Spruce Power Announces $50 Million Share Repurchase Program
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”) today announced that its board of directors has authorized a share repurchase program (the "Share Repurchase Program") to repurchase up to $50 million of Spruce's common stock on or before May 15, 2027, beginning upon the expiry of its current share repurchase program on May 15, 2025. The Board believes that the authorization of the Share Repurchase Program will enable Spruce to opportunistically return value to s.
Neutral
Business Wire
1 month ago
Spruce Power Announces Chief Financial Officer Transition
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced that Sarah Wells, Chief Financial Officer (“CFO”), has resigned, effective May 14, 2025, to pursue other opportunities. Spruce expects to appoint an interim CFO prior to Wells departing. The Company is undertaking a search to fill the CFO position on a permanent basis. "I would like to thank Sarah for her numerous contributions to Spruce's growth and development, and we wish her th.
Neutral
Business Wire
1 month ago
Spruce Power to Release First Quarter 2025 Results and Host Conference Call on May 14
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report first quarter 2025 financial results after the stock market close on Wednesday, May 14. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management w.
Neutral
Business Wire
1 month ago
Spruce Announces Appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announced the appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications. Hayden will focus on advancing Spruce's service platform, scaling the Spruce PRO service offering, and driving innovation across the Company's IT function, including strategy, infrastructure, application dev.
Neutral
Business Wire
2 months ago
Spruce Power Announces New Partnership to Monetize Solar Renewable Energy Credits (SRECs) in California
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the signing of a new Spruce Pro servicing partnership with commercial & industrial (“C&I”) and residential solar installer Hot Purple Energy (“Hot Purple”) to monetize Solar Renewable Energy Credits (“SREC”) in California. This partnership is part of a broader Spruce initiative to leverage the Company's platform and experience to capture the unrealized benefit of SREC credi.
Positive
Benzinga
2 months ago
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