Spruce Power Reports Second Quarter 2024 Results
Spruce Power Holding Corporation Class A (SPRU)
Company Research
Source: Business Wire
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 second quarter ended June 30, 2024.Business HighlightsReported 2Q revenues of $22.5 million, net loss attributable to stockholders of $8.6 million and Operating EBITDA of $14.4 million.Ended quarter with strong liquidity position for future growth, with $116.6 million of unrestricted cash.Continued to evaluate a pipeline of both operating residential solar portfolio M&A opportunities and organic growth prospects through Spruce Pro.Refinanced nearest maturing debt facility, the SP4 Facility, providing for a net injection of incremental capital into the Company of over $6 million.Management Commentary and Outlook"In the second quarter, our owner-operator platform delivered solid performance, backed by reliable, long-term cash flows from approximately 75,00
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SPRU
News
- Spruce Power to Release Second Quarter 2024 Results and Host Conference Call on August 14Business Wire
- Short seller Andrew Left surrenders on securities fraud charges in L.A., due in court [CNBC]CNBC
- Spruce Power Welcomes its Newest Leadership Addition: Clean Energy Executive and Entrepreneur, Richard DiMatteo [Yahoo! Finance]Yahoo! Finance
- Spruce Power Welcomes its Newest Leadership Addition: Clean Energy Executive and Entrepreneur, Richard DiMatteoBusiness Wire
- Spruce Power Announces $130 Million Debt Financing [Yahoo! Finance]Yahoo! Finance
SPRU
Sec Filings
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- 8/20/24 - Form 8-K
- SPRU's page on the SEC website