SPRU
Spruce Power Holding Corporation5.09
+0.01+0.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
92.48MP/E (TTM)
-Basic EPS (TTM)
-1.32Dividend Yield
0%Recent Filings
8-K
Extended shareholder nomination deadline
Spruce Power extended the deadline for shareholder proposals and director nominations for its 2026 annual meeting to April 3, 2026, per its Amended and Restated Bylaws. Submissions must reach the Houston executive office with required details by then. Late filings get ignored. This opens the nomination window wider.
8-K
Cimino named permanent CFO
Spruce Power appointed Thomas J. Cimino as permanent CFO effective December 1, 2025, transitioning him from interim role since June via Element 78 Partners. Cimino gets $350,000 base salary, 75% STI target, 60,000 RSU sign-on, and $311,250 LTI grant. Energy vet strengthens finance amid capital strategy push. No related transactions disclosed.
10-Q
Q3 FY2025 results
Spruce Power swung to operating income of $8.5M in Q3 ended September 30, 2025, up from a $37.2M loss y/y, while revenues climbed 44% y/y to $30.7M (derived) on surging SREC sales and NJR Acquisitions adding ~$8M y/y. Gross margins strengthened as O&M costs fell 53% y/y to $1.8M via platform efficiencies, though interest expense ticked up 13% y/y to $12.8M on new SP5 debt. Cash dropped to $53.6M with restricted cash at $45.1M; total non-recourse debt $685M features SP1 maturing April 2026, with refinance plans in motion amid going concern warnings. Acquired Additional NJR Systems for $4.8M cash in 9M2025. Key management transitions pose continuity risks.
8-K
Q3 revenues up 44%
Spruce Power reported Q3 2025 revenues of $30.7 million, up 44% year-over-year, driven by the NJR acquisition and Spruce PRO growth, while Operating EBITDA surged 48% to $26.2 million on sharp O&M cuts. Cash balance hit $98.8 million, fueled by $11.2 million in operating cash flow. Workforce reductions target further SG&A savings. SP1 debt matures Q2 2026.
8-K
Spruce cuts workforce for $20M savings
Spruce Power approved a workforce reduction on September 16, 2025, affecting 40 employees and contractors—19% of its staff—announced September 24, with severance charges of $1 million in Q3. This streamlines operations, targeting $20 million in annual savings to accelerate positive free cash flow. Yet risks loom if disruptions hinder retention. Savings will fuel solar platform growth.
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