Spruce Power Reports Third 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 third quarter ended September 30, 2024.Business HighlightsReported 3Q revenues of $21.4 million, net loss attributable to stockholders of $53.5 million and Operating EBITDA of $17.7 millionEnded quarter with strong liquidity position for future growth, with $113.7 million of unrestricted cashExecuted a non-binding Letter of Intent ("LOI") to acquire a portfolio of approximately 10,000 home solar assets and contracts - this deal is expected to close in the fourth quarter of 2024, which if completed would bring ownership of total home solar assets and contracts to approximately 85,000Continued to develop a pipeline of organic growth prospects through Spruce Pro, including the signing of a non-binding Memorandum of Understanding ("MOU") to service a portfol
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Sec Filings
- 11/20/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 11/13/24 - Form 8-K
- SPRU's page on the SEC website