earnings
confidence high
sentiment neutral
materiality 0.65
Spruce Power Q4 revenue $20.2M, net loss $5.9M; portfolio grows to 85k assets
SPRUCE POWER HOLDING CORP
2025-Q1 EPS reported
-$0.84
revenue$23,818,000
- Q4 2024 revenue $20.2M (+29% YoY); Operating EBITDA $10.8M; net loss $5.9M.
- Acquired ~9,800 home solar assets from NJR in 2024; total portfolio ~85,000 assets across 18 states.
- Launched Spruce Pro; signed ADT servicing deal for ~60,000 third-party residential solar systems.
- Customer satisfaction score rose to 83% in 2024 from 74% in 2023.
- Q4 repurchased 0.3M shares at $2.93 avg; $43.8M remains under $50M buyback program.