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Spruce Power Holding (SPRU)
NYSE:SPRU
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: 21.52%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance with significant revenue and EBITDA growth, backed by strategic acquisitions and operational improvements. However, the company faces challenges with cash burn, market uncertainties, and a CFO transition, which balance the positive aspects.Company Guidance
During Spruce Power’s first quarter 2025 earnings call, key financial metrics highlighted include a 30% revenue growth and a 15% increase in operating EBITDA compared to the previous year. The company reported a revenue of $23.8 million for the quarter, up from $18.3 million in the prior year period, primarily due to the NJR acquisition. Operating expenses were $18 million, with portfolio O&M costs at $3.9 million. Spruce ended the quarter with approximately $96.5 million in total cash, including $61.9 million in unrestricted cash. The total principal balance of long-term debt was $723.8 million with a blended interest rate of 6%. Despite a GAAP net loss of $15.3 million, Spruce anticipates operating EBITDA improvement throughout 2025. The company’s strategy focuses on scaling its business through acquisitions, programmatic offtake partnerships, and the growth of its Spruce PRO servicing platform, aiming to achieve positive free cash flow.Significant Revenue Growth
Revenue grew 30% from the year earlier period, primarily attributable to the NJR acquisition.
Increased Operating EBITDA
Operating EBITDA increased 15% from the previous year, indicating improved financial performance.
Robust Cash Balance
Spruce Power maintains a strong balance sheet with close to $100 million in cash, the majority of which is unrestricted.
Successful Acquisition Strategy
The NJR acquisition added approximately 9,800 installations in New Jersey, contributing to revenue growth.
Spruce PRO Platform Expansion
Spruce PRO, the third-party solar servicing platform, secured an agreement with ADT covering approximately 60,000 systems.
Operational Improvements in O&M
Spruce implemented cost-saving measures in their operations and maintenance, reducing expenses significantly.
SPRU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPRU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $1.58 | $1.77 | +12.03% |
Mar 31, 2025 | $2.41 | $2.12 | -12.03% |
Nov 13, 2024 | $2.49 | $2.29 | -8.03% |
Aug 14, 2024 | $3.34 | $3.07 | -8.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Spruce Power Holding (SPRU) report earnings?
Spruce Power Holding (SPRU) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Spruce Power Holding (SPRU) earnings time?
Spruce Power Holding (SPRU) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPRU EPS forecast?
Currently, no data Available