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Spruce Power Holding Corporation  (NYSE: SPRU)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $2.5400 $0.00 0.000%
Day's High: $2.6 Week Perf: -2.31 %
Day's Low: $ 2.50 30 Day Perf: -17.8 %
Volume (M): 9 52 Wk High: $ 4.89
Volume (M$): $ 24 52 Wk Avg: $3.19
Open: $2.50 52 Wk Low: $2.17



 Market Capitalization (Millions $) 47
 Shares Outstanding (Millions) 19
 Employees 60
 Revenues (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) -95
 Cash Flow (TTM) (Millions $) -43
 Capital Exp. (TTM) (Millions $) 0

Spruce Power Holding Corporation
Spruce Power Holding Corporation is an American clean energy company that specializes in providing residential solar and energy efficiency solutions. The company offers solar panel installation services, energy audits, and various other energy-saving products and services. They aim to make clean energy more accessible and affordable for homeowners, helping them reduce their carbon footprint and save on energy costs. Overall, Spruce Power Holding Corporation focuses on promoting sustainability and helping households transition to cleaner and more renewable energy sources.


   Company Address: 2000 S Colorado Blvd, Suite 2-825 Denver 80222 CO
   Company Phone Number: 777-8235   Stock Exchange / Ticker: NYSE SPRU


Customers Net Income grew by SPRU's Customers Net Profit Margin grew to

6.53 %

11.81 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AMRC   -0.67%    
HYLN   -9.46%    
MULN   -17.56%    
NKLA   -38.47%    
WLDN   -2.19%    
XOS        2.33% 
• View Complete Report
   



Business Update

Spruce Power Electrifies Growth Strategy with Strategic Acquisition of Solar Portfolio in New Jersey

Published Tue, Nov 26 2024 12:47 AM UTC

In a bold move signaling a commitment to renewable energy expansion, Spruce Power Holding Corporation (NYSE: SPRU) has announced the acquisition of a substantial residential solar portfolio from NJR Clean Energy Ventures (CEV), a valued subsidiary of New Jersey Resources Corporation (NYSE: NJR). With a price tag of $132.5 million, this strategic acquisition, finalized on Nov...

Business Update

Spruce Powers $132.5 Million Leap A Strategic Move Amidst Market Challenges in the Solar Industry,

Published Mon, Nov 25 2024 11:47 PM UTC

In a significant transaction that underscores the increasing consolidation in the renewable energy sector, Spruce Power Holding Corporation (NYSE: SPRU), based in Denver, has announced the acquisition of a substantial residential solar portfolio from NJR Clean Energy Ventures (CEV), a subsidiary of New Jersey Resources Corporation (NYSE: NJR). As of November 22, 2024, Spruce...

Business Update

Spruce Power Appoints Clara Nagy McBane to Board Amidst Competitive Revenue Challenges

Published Mon, Jun 24 2024 2:47 PM UTC

Spruce Power Welcomes Clara Nagy McBane to Board in Strategic Move Amid Revenue Growth Hurdles Denver, CO Spruce Power Holding Corporation (NYSE: SPRU), known for its leadership in owning and operating distributed solar energy assets across the United States, announced a key addition to its Board of Directors with the appointment of Clara Nagy McBane. This move, effective ...

Spruce Power Holding Corporation

Spruce Power Holding Corporation Displays Resilience with Decreased Loss per Share in Q1 2024

Spruce Power Holding Corporation (NYSE: SPRU) has recently shown its resilience and potential in the first quarter of 2024, overshadowing the struggles faced by many other companies in the Electric Utilities industry. Despite a net loss of $-2.450 million, compared to a deficit of $-18.844 million in the same period last year, SPRU has managed to improve its financial performance with a decrease in the loss per share from $-0.19 to $-0.13.
Additionally, SPRU reported a growth in revenue of 1.061% to $18.29 million, compared to $18.10 million in the corresponding reporting period a year ago. Sequentially, revenue improved by an impressive 16.47% from $15.70 million. These figures demonstrate SPRU's ability to maintain steady growth and navigate through challenging market conditions.
The launch of Spruce Pro, a brand extension aimed at expanding the company's presence in the commercial solar market, further reinforces SPRU's positive trajectory. Leveraging its established foundation in servicing both owned and third-party home solar assets, Spruce Power Holding Corporation is strategically positioning itself as a key player in this promising market. This move indicates SPRU's commitment to seizing new business opportunities and diversifying its revenue streams, ensuring sustainability and long-term growth.

Product Service News

Spruce Power Unleashes Spruce Pro, Ventures into the Lucrative Commercial Solar Market

Published Wed, Jan 10 2024 12:30 PM UTC

Spruce Power Expands into Commercial Solar Market with Launch of Spruce ProSpruce Power Holding Corporation, a prominent player in the distributed solar energy sector in the United States, has recently announced the launch of its brand extension, Spruce Pro. This move signifies Spruce s expansion into the commercial solar market, broadening their range of servicing solution...







Spruce Power Holding's Segments
PPA revenues    53.6 % of total Revenue
SLA revenues    31.35 % of total Revenue
Solar renewable energy credit revenues    5.72 % of total Revenue
Government incentives    0.51 % of total Revenue
Servicing revenues    0.83 % of total Revenue
Intangibles amortization unfavorable solar renewable energy agreements    3.49 % of total Revenue
Other revenues    4.5 % of total Revenue





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