Articles from Spruce Power Holding Corporation

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 a multi-year agreement to sell Spruce’s Solar Renewable Energy Credits (“SRECs”) in the state of New Jersey to an investment-grade energy sector counterparty that is ranked among the Fortune Global 50. The transaction is expected to generate approximately $10 million in fully-hedged revenue for Spruce through 2029. This partnership is part of a broader Spruce initiative to leverage the Company’s platform and experience to capture the benefits of our SRECs.

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 second quarter 2025 financial results after the stock market close on Monday, August 11. 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

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 today that all proposals at the Annual Meeting of Stockholders held on June 24, 2025 were duly adopted by shareholders. Spruce also confirmed that following the conclusion of the Company's Annual Meeting of Stockholders, Kevin Griffin retired as an independent director and Shawn Kravetz was elected as an independent director of its Board of Directors (the “Board”).

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.

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 operating expenses, which includes both selling, general & administrative expenses ("SG&A") of $3.9 million and operations & maintenance expenses ("O&M") of $14.1 million, were $18.0 million for the first quarter of 2025, up from $3.1 million, $13.5 million, and $16.6 million for the first quarter of 2024, respectively.).

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 shareholders.

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.

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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

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 development, and security.

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.

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 fourth quarter and year ended December 31, 2024.

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 has rescheduled its previously announced earnings conference call. The company will now host a conference call to review fourth quarter and full-year 2024 results after the stock market close on Monday, March 31. 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

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 fourth quarter and full-year 2024 financial results after the stock market close on Wednesday, March 26. 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the first customer for its Spruce Pro servicing business. Spruce signed a multi-year Service Agreement with ADT, under which Spruce Pro will facilitate the management and resolution of workmanship and equipment warranty claims for customers of ADT’s former solar business, which it wound down earlier in 2024.

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (“CEV”), a subsidiary of New Jersey Resources Corporation (NYSE: NJR), for $132.5 million. The acquisition closed on November 22, 2024.

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 third quarter ended September 30, 2024.

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 third quarter 2024 financial results after the stock market close on Wednesday, November 13. 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MST to discuss the results.

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 second quarter ended June 30, 2024.

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 second quarter 2024 financial results after the stock market close on Wednesday, August 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

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 announced the addition of Richard DiMatteo as Senior Vice President, Head of Spruce Pro. The addition of Rich DiMatteo underscores Spruce’s strategic commitment to advancing its distributed energy platform through Spruce Pro, a brand that extends the Company’s servicing solutions to third-party asset owners.

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 announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the “New Debt Facility”) provided by Barings LLC (“Barings”). The New Debt Facility refinances the Company’s term loan of $125 million (the “SP4 Facility”) and provides for a net injection of incremental capital.

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 today that it has appointed Clara Nagy McBane to serve as a new member of its Board of Directors (the “Board”) effective immediately. As a result, the Board has increased to seven members.

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 quarter ended March 31, 2024.

Spruce Power Holding Corporation (NYSE: SPRU) has released the following notice according to THE UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS:

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 2024 financial results after the stock market close on Wednesday, May 15. 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

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 announced that Chris Hayes, Chief Executive Officer, will participate in a Water Tower Research Fireside Chat on Friday, April 26, 2024.

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 announced the hiring of Kevin Minton as Vice President, Asset Operations. The addition of Minton builds on the foundational strength of Spruce’s existing distributed energy servicing technology platform and highlights the Company’s strategic commitment to advancing servicing solutions through Spruce Pro, a brand that extends growth prospects for the Company into the commercial solar market.

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 announced that Chris Hayes, Spruce’s Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors.

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 fourth quarter and year ended December 31, 2023.

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 fourth quarter and full-year 2023 financial results after the stock market close on Thursday, March 14, 2024. 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

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 announced the launch of Spruce Pro, a brand that extends Spruce’s distributed solar energy servicing capabilities into a new growth segment of commercial solar.

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 announced a successful expansion of its operating headquarters in Houston, Texas.

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 quarter ended September 30, 2023.

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 third quarter 2023 financial results after the stock market close on Thursday, November 9. 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MST to discuss the results.

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 announced that its stockholders have approved a 1-for-8 reverse stock split (“Reverse Split”) of the Company’s common stock at a special stockholder meeting held today, October 2, 2023. The Reverse Split, which has previously been approved by the Company’s Board of Directors, is intended to enable Spruce to comply with the New York Stock Exchange’s continued listing requirements and make the common stock more attractive to a broader range of institutional investors.

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announces that it has settled a civil enforcement action filed by the United States Securities and Exchange Commission (“SEC”) related to the 2020 merger of Spruce’s predecessor company, XL Fleet Corp.

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 announced the relocation of its Denver headquarters to the Colorado Center, a premier location in southeast Denver.

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 announced the acquisition of a portfolio of over 2,400 residential solar systems and contracts from a publicly traded, regulated utility company for $20.9 million. The acquisition closed on August 18, 2023.

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 today a disaster relief initiative in the aftermath of the devastating fires that have swept through the Maui community.

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 quarter ended June 30, 2023.

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 announced that it will report second quarter 2023 financial results after the stock market close on Thursday, August 10. The Company 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 will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results.

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 quarter ended March 31, 2023.

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 that Sarah Wells has been appointed Chief Financial Officer, effective May 19th. Mrs. Wells succeeds Don Klein, who is departing in connection with the previously announced transition from XL Fleet to Spruce Power executive management.

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 announced its participation in the following upcoming investor conferences:

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 announced that it will report first quarter 2023 financial results after the stock market close on Monday, May 15. The Company 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 will then host a conference call and webcast for investors and analysts at 4:30 P.M. EDT to discuss the results.

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 quarter and full year ended December 31, 2022.

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 announced the acquisition of SS Holdings 2017, LLC and its subsidiaries (the “Spruce Power 4 Portfolio”) from a US-based private equity firm. The acquisition closed on March 23, 2023.

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, is proactively monitoring the events and possible derivatives of Silicon Valley Bank’s (“SVB”) transition into receivership by the Federal Deposit Insurance Corporation. While Spruce Power will continue to evaluate this fluid situation, the Company has made an initial assessment that its exposure to SVB is immaterial.

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 announced that it will report fourth quarter and full year 2022 financial results after the stock market close on Thursday, March 23. The Company 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 will then host a conference call and webcast for investors and analysts at 4:30 P.M. EDT to discuss the results.