1.51
-7.36%
Close of 9 Nov 2026, in USD
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About Spruce Power Holding
From its filings with the US Securities and Exchange Commission
Spruce Power Holding is based in Houston, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker SPRU. The SEC classifies its business as electric services. In the fiscal year to 31 December 2025, it reported revenue of $111.8m and a net loss of $26.0m. At that date it held total assets of $837.3m and shareholders' equity of $121.3m.
Spruce Power Holding Corporation and its subsidiaries (“Spruce Power”) is a leading owner and operator of distributed solar energy assets across the United States (the “U.S.”), offering subscription-based services to approximately 84,000 home solar assets and customer contracts, making renewable energy more accessible to everyone. We are engaged in the ownership and maintenance of home solar energy systems for homeowners in the U.S.
Our primary customers are homeowners and our core solar service offerings to these customers generate revenues primarily through (i) the lease of, and the sale of electricity generated by, our home solar energy systems to homeowners pursuant to long-term Customer Agreements (as defined below) which require the homeowners to make recurring monthly payments, (ii) third party contracts to sell solar renewable energy credits (“SRECs”) generated by our home solar energy systems for contracted prices, and (iii) the servicing of third party-owned solar energy systems through our Spruce Pro servicing platform, which is contracted to offer portfolio managed services to over 60,000 systems owned by third parties, as well as to our portfolio of home solar energy systems (the “Portfolio”). These portfolio managed services include (a) billing and collections/asset recovery, (b) account support services, (c) financial asset management, (d) homeowner support and servicing technology, (e) asset operations, and (f) transaction and execution services related to SRECs.
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Independent Power and Renewable Electricity Producers
- Listed since
- 16 Jul 2019
- Employees
- 318
- Website
- xlfleet.com ↗
- Head office
- 820 GESSNER ROAD, HOUSTON, TX, 77024
- Incorporated in
- DE
- Classification
- Electric Services
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Christopher HayesChairman of the Board, President, Chief Executive Officer, since 2020$2.2m
- Mr. Thomas CiminoInterim Chief Financial Officer
- Mr. Jonathan NorlingChief Legal Officer$844,121
- Mr. John MillerLead Independent Director$270,753
- Mr. Eric TechDirector, since 2021$202,049
- Mr. Shawn KravetzIndependent Director
- Mr. Jonathan LedeckyIndependent Director, since 2020$213,752
- Dr. Ja-Chin LeeIndependent Director$419,987
- Ms. Clara McbaneIndependent Director$407,969
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 20
- Environment
- 13
- Social
- 21
- Governance
- 27
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Spruce Power Holding Corp operates distributed solar energy assets across the United States.
- The firm provides subscription-based services for rooftop solar and battery storage ownership.
- Spruce Power Holding Corp manages approximately 7,500 systems owned by other companies.
Weaknesses
- The company employs only 318 full-time employees for its extensive operations.
- Spruce Power Holding Corp relies on residential consumers for its loan servicing business.
- The firm offers services that include billing and collections for third-party owners.
Opportunities
- The firm engages in the energy efficiency and solar loan servicing business.
- Spruce Power Holding Corp provides operating and maintenance services for residential solar projects.
- Homeowners can easily own and maintain rooftop solar through subscription-based services.
Threats
- Spruce Power Holding Corp operates in the Independent Power and Renewable Electricity Producers industry.
- The company went IPO on 16 July 2019 in the US market.
- Spruce Power Holding Corp is headquartered in Denver, Colorado, facing local competition.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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