Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy ...
Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the acquisition of a residential solar portfolio from NJR Cl
Spruce Power
Electricity, Oil & Gas · Colorado, United States · 142 Employees
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About
Headquarters
2000 S Colorado Blvd Bldg 2-825, Denver, Colora...Phone Number
(866) 777-8235Website
www.sprucepower.comRevenue
$80.1 MillionStock Symbol
SPRUIndustry
Most Recent Scoops
Aug 14 2024
Hiring Plans
Aug 12 2024
Open Position
Highlights
$130M
Total Funding Amount
$130M
Most Recent Funding Amount
1
Number of Funding Rounds
Who is Spruce Power
Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers. The company is headquartered in Denver, Colorado.Explore more
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Most Recent Scoops
Aug 14 2024
Hiring Plans
Aug 12 2024
Open Position
Aug 12 2024
Open Position
Jul 1 2024
Funding
Funding
May 1 2024
Earnings
Earnings
Spruce Power News & Media
Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy Ventures, Adding Nearly 9,800 Customers in New Jersey
DENVER--(BUSINESS WIRE)--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. The acquired assets (“Spruce Power 5 Portfolio” or the “Portfolio”) consist of approximately 9,800 solar systems in New Jersey that were installed under a CEV residentiNJR Clean Energy Ventures Announces Sale of Residential Solar Business
WALL, N.J.--(BUSINESS WIRE)--NJR Clean Energy Ventures (CEV), a clean energy subsidiary of New Jersey Resources (NYSE: NJR), today announced the sale of its 91 megawatt (MW) residential solar portfolio, to Spruce Power Holding Corporation (NYSE: SPRU) for a total of $132.5 million. NJR expects to record a gain on sale in fiscal 2025, and will use the proceeds to pay down corporate debt and for general working capital purposes. “Renewable energy investments are an integralSpruce Power Holding Corporation (SPRU) Q3 2024 Earnings Call Transcript
Spruce Power Holding Corporation (NYSE:SPRU) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ETCompany ParticipantsBronson Fleig - Head, IRChris...Spruce Power Reports Third Quarter 2024 Results
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 Highlights Reported 3Q revenues of $21.4 million, net loss attributable to stockholders of $53.5 million and Operating EBITDA of $17.7 million Ended quarter with strong liquidity position for future growth, with $113.7
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Frequently Asked Questions Regarding Spruce Power
Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers. The company is headquartered in De... Read More
