In today’s briefing:
- Spruce Power Holding Corporation – 4Q24 Results
Spruce Power Holding Corporation – 4Q24 Results
- Announced 4Q24 results. Spruce is a leading owner- operator of residential solar power purchase agreements (PPAs) and solar lease agreements (SLAs).
- The company grows through the acquisition of mature portfolios. Spruce now owns the cash flow from ~85k home solar assets and contracts, up from 21k in 2018.
- The company offers a “Power-as-a-Service” business model and believes its own in-house technology-driven solar servicing platform is the most comprehensive on the market and hard to replicate.
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