Solar services firm Spruce Power Q3 revenue jumps, helped by NJR acquisition
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Spruce Power reported a 44% year-over-year increase in Q3 revenue, attributed to the NJR acquisition and improved SRECs revenue. The company's net loss narrowed significantly, while operating EBITDA rose 48%. Spruce plans to reduce SG&A costs through workforce cuts and office closures, and is in talks with financial institutions regarding 2026 debt obligations. Key metrics include Q3 revenue of $30.73 million and a net loss of $714,000.
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