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Spruce Power
SPRU.US
Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners and businesses through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third party-owned solar energy systems with portfolio managed services, including billing and collections/asset recovery, account support services, financial asset management, homeowner support and servicing technology, asset operations, and transaction and execution services related to SRECs; and Spruce Pro, which offers third-party owners a range of services for residential, commercial, and industrial assets. Spruce Power Holding Corporation was founded in 2009 and is headquartered in Denver, Colorado.
211.67 B
SPRU.USMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
D
Independent Power and Renewable Electricity ProducersIndustry
Industry Ranking25/29
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-18.23%E
    • Profit Margin-23.23%E
    • Gross Margin69.61%A
  • Growth ScoreB
    • Revenue YoY39.22%A
    • Net Profit YoY73.52%A
    • Total Assets YoY6.23%B
    • Net Assets YoY-16.03%E
  • Cash ScoreC
    • Cash Flow Margin-430.46%E
    • OCF YoY39.22%A
  • Operating ScoreE
    • Turnover0.13E
  • Debt ScoreE
    • Gearing Ratio85.14%E

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    News
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    Steel Partners Holdings L.P. acquires common shares of Spruce Power Holding Corporation

    Steel Partners Holdings L.P. has acquired common shares of Spruce Power Holding Corporation, as reported in a Form 4 filing with the SEC. The filing includes multiple reporting persons such as Steel Partners Holdings GP Inc., SPH Group LLC, and others. This acquisition is documented in the SEC's EDGAR system.

    Reuters·
    US
    SPRU
    +0.20%
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    0.00%
    Reuters·
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    +0.20%
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    SPLP
    0.00%

    Steel Partners Holdings L.P. reports acquisition of Spruce Power Holding Corporation common shares

    Steel Partners Holdings L.P. has acquired common shares of Spruce Power Holding Corporation, as reported in a recent SEC filing. Other beneficial owners include Steel Partners Holdings GP Inc., SPH Group LLC, SPH Group Holdings LLC, and Steel Excel Inc. This information was published by Spruce Power Holding Corporation via the SEC's EDGAR system on November 19, 2025.

    Reuters·
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    +0.20%
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    0.00%
    Reuters·
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    SPRU
    +0.20%
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    Spruce Power Holding Corporation Files Initial Beneficial Ownership Statement Naming Steel Partners Holdings

    Spruce Power Holding Corporation has filed an initial statement of beneficial ownership with the U.S. SEC, naming Steel Partners Holdings L.P. as a beneficial owner. The filing can be accessed via EDGAR (Ref. ID: 0000921895-25-003130). This AI-generated news brief is for informational purposes only and not financial, investment, or legal advice.

    Reuters·
    US
    SPRU
    +0.20%
    Reuters·
    US
    SPRU
    +0.20%

    Spruce Power Highlights Solar Asset Growth and Recurring Revenue Model in Investor Presentation

    Spruce Power Holding Corporation's investor presentation highlights its strategy of managing existing solar assets and expanding through acquisitions. The company has added nearly 35,000 contracts in two years, including the Spruce Power 4 Portfolio with 22,500 residential solar contracts. This expansion extends its presence to 18 states, with an average contract life of 14 years and expected annual billing of $21 million. The presentation outlines the company's focus on operational efficiencies and asset management, rather than new installations.

    Reuters·
    US
    SPRU
    +0.20%
    Reuters·
    US
    SPRU
    +0.20%

    Spruce Power Reports Strong Earnings Amid Challenges

    Spruce Power Holding Corporation (SPRU) reported strong Q3 earnings, showcasing a 44% revenue increase year-over-year, driven by strategic acquisitions and solar renewable energy credits. Operating EBITDA rose by 48%, and the company achieved positive free cash flow, increasing cash to $98.8 million. Despite a revenue decline from the previous quarter and challenges from policy changes affecting tax credits, Spruce Power maintains a solid position in the residential solar market with 85,000 home solar assets. The company aims for continued growth through acquisitions and operational efficiencies.

    Tip Ranks·
    US
    SPRU
    +0.20%
    Tip Ranks·
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    SPRU
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