Spruce Power Q4 revenue jumps, driven by portfolio growth

Reuters03-31

Spruce Power Q4 revenue jumps, driven by portfolio growth

Overview

U.S. distributed solar asset owner's Q4 revenue rose 19% yr/yr
Operating EBITDA for full yr jumped 49%, reflecting structural cost reductions
Company paid down $35.1 mln in debt and ended yr with $93.1 mln in cash

Result Drivers

PORTFOLIO EXPANSION - Revenue growth in Q4 was mainly driven by the acquisition of a residential solar portfolio and increased solar renewable energy credits revenue
COST REDUCTIONS - Lower operations and maintenance costs and ongoing cost management, including vertical integration of servicing teams, reduced operating expenses
SG&A DECREASE - Selling, general and administrative expenses fell due to labor reductions and lower professional service fees

Company press release: ID:nBw2874Bja

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue		$24 mln
Q4 Net Income		-$6.8 mln
Q4 Net Income continuing operations		-$6.8 mln
Q4 Operating Expenses		$21.8 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2623329600?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-31 04:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2623329600","market":"us","top_or_hot":-1,"title":"Spruce Power Q4 revenue jumps, driven by portfolio growth","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Spruce Power Q4 revenue jumps, driven by portfolio growth</title></head><body><p><span>Overview</span></p><ul><li><p>U.S. distributed solar asset owner's Q4 revenue rose 19% yr/yr</p></li><li><p>Operating EBITDA for full yr jumped 49%, reflecting structural cost reductions</p></li><li><p>Company paid down $35.1 mln in debt and ended yr with $93.1 mln in cash</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>PORTFOLIO EXPANSION - Revenue growth in Q4 was mainly driven by the acquisition of a residential solar portfolio and increased solar renewable energy credits revenue</p></li><li><p>COST REDUCTIONS - Lower operations and maintenance costs and ongoing cost management, including vertical integration of servicing teams, reduced operating expenses</p></li><li><p>SG&amp;A DECREASE - Selling, general and administrative expenses fell due to labor reductions and lower professional service fees</p></li></ul><p>Company press release: <span>ID:nBw2874Bja</span></p><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q4 Revenue</p></td><td></td><td><p>$24 mln</p></td><td></td></tr><tr><td><p>Q4 Net Income</p></td><td></td><td><p>-$6.8 mln</p></td><td></td></tr><tr><td><p>Q4 Net Income continuing operations</p></td><td></td><td><p>-$6.8 mln</p></td><td></td></tr><tr><td><p>Q4 Operating Expenses</p></td><td></td><td><p>$21.8 mln</p></td><td></td></tr></tbody></table><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spruce Power Q4 revenue jumps, driven by portfolio growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpruce Power Q4 revenue jumps, driven by portfolio growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-31 04:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Spruce Power Q4 revenue jumps, driven by portfolio growth</title></head><body><p><span>Overview</span></p><ul><li><p>U.S. distributed solar asset owner's Q4 revenue rose 19% yr/yr</p></li><li><p>Operating EBITDA for full yr jumped 49%, reflecting structural cost reductions</p></li><li><p>Company paid down $35.1 mln in debt and ended yr with $93.1 mln in cash</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>PORTFOLIO EXPANSION - Revenue growth in Q4 was mainly driven by the acquisition of a residential solar portfolio and increased solar renewable energy credits revenue</p></li><li><p>COST REDUCTIONS - Lower operations and maintenance costs and ongoing cost management, including vertical integration of servicing teams, reduced operating expenses</p></li><li><p>SG&amp;A DECREASE - Selling, general and administrative expenses fell due to labor reductions and lower professional service fees</p></li></ul><p>Company press release: <span>ID:nBw2874Bja</span></p><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q4 Revenue</p></td><td></td><td><p>$24 mln</p></td><td></td></tr><tr><td><p>Q4 Net Income</p></td><td></td><td><p>-$6.8 mln</p></td><td></td></tr><tr><td><p>Q4 Net Income continuing operations</p></td><td></td><td><p>-$6.8 mln</p></td><td></td></tr><tr><td><p>Q4 Operating Expenses</p></td><td></td><td><p>$21.8 mln</p></td><td></td></tr></tbody></table><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4124","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260330:nL1N40I0Z8:1","article_id":"2623329600","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2623329600","pubTimestamp":1774902070,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Spruce Power Q4 revenue jumps, driven by portfolio growthOverviewU.S. distributed solar asset owner's Q4 revenue rose 19% yr/yrOperating EBITDA for full yr jumped 49%, reflecting structural cost reduc","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4124":"机动车零配件与设备","SPRU":"Spruce Power Holding Corporation","BK4133":"新能源发电业者"},"translate_title":"在投资组合增长的推动下，Spruce Power第四季度收入猛增","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPRU":0.9},"content_text":"Spruce Power Q4 revenue jumps, driven by portfolio growthOverviewU.S. distributed solar asset owner's Q4 revenue rose 19% yr/yrOperating EBITDA for full yr jumped 49%, reflecting structural cost reductionsCompany paid down $35.1 mln in debt and ended yr with $93.1 mln in cashResult DriversPORTFOLIO EXPANSION - Revenue growth in Q4 was mainly driven by the acquisition of a residential solar portfolio and increased solar renewable energy credits revenueCOST REDUCTIONS - Lower operations and maintenance costs and ongoing cost management, including vertical integration of servicing teams, reduced operating expensesSG&A DECREASE - Selling, general and administrative expenses fell due to labor reductions and lower professional service feesCompany press release: ID:nBw2874BjaKey DetailsMetricBeat/MissActualConsensus EstimateQ4 Revenue$24 mlnQ4 Net Income-$6.8 mlnQ4 Net Income continuing operations-$6.8 mlnQ4 Operating Expenses$21.8 mlnFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2623329600","isCrawlerRequest":true}