Spruce Power
Highly Engaged Employees
Highly Engaged EmployeesElectricity, Oil & Gas · Texas, United States · 51-200 Employees
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Overview
Headquarters
820 Gessner Rd Ste 500, Houston, Texas, ...Phone Number
(866) 777-8235Website
www.sprucepower.comRevenue
$111.4 MillionStock Symbol
SPRUIndustry
ZI Rank: 16
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
8
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8
15
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16
About Spruce Power
Spruce Power is a renewable focused Power-as-a-Service company. With roots in both energy efficiency and residential solar systems, our next generation product offerings will enable homeowners to securely store and supply power to their homes with affordable renewable energy. We are one of the first solar companies to offer retrofit home batteries and we are continuously evaluating partnerships to bring advanced EV chargers and smart home energy management devices to our customers.Explore more
Spruce Power Org Chart
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Revenue
Number of Employees
Type
Funding
Founded In
Company Profile Activity
Activity Insights
Spruce Power is experiencing very low activity levels compared to other companies in the Energy, Utilities & Waste sector.
What does this means?
Spruce Power is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Spruce Power.
Spruce Power financials insights
Gather financial insights about Spruce Power, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2024
Debt
$130M
Spruce Power Tech Stack
A closer look at the technologies used by Spruce Power
Most Recent Scoops
Earnings
Spruce Power has reported that its interest rate swaps covered 91% of floating rate term debt at quarter end, and the company remained in compliance with all covenants under its credit agreements as of Q2 2026.
Compliance, Finance, Financing & Debt
Earnings
Spruce Power has provided H2 2026 guidance, expecting PPA and lease revenue to remain generally consistent with H1 performance and seasonal patterns, SREC revenues to be in line with H1 levels, H2 O&M expense to largely offset H1 favorability resulting in full-year O&M broadly in line with start-of-year expectations, and recurring SG&A to trend from approximately $11 million per quarter toward approximately $10 million in Q4 2026.
Earnings, Forecasting, Finance
Project
Spruce Power is extending its in-house field services model into Southern California following cost reductions achieved across its New Jersey portfolio, with the objective of lowering servicing costs per system, shortening repair cycle times, and improving control over service quality and system uptime.
Spending/Investment, Sales, Field /Outside Sales
Person-Based
Earnings, Business Finance, Finance, Financial Operations
Person-Based
Earnings, Accounting, Acquisitions, Finance
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Frequently Asked Questions Regarding Spruce Power
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Spruce Power is a renewable focused Power-as-a-Service company. With roots in both energy efficiency and residential solar systems, our next generation product offerings will enable homeowners to securely store and supply power to their homes with affordable renewable energy. We are one of the first solar companies to offer retrofit home batteries... Read More
