SPRU has been in the news 429% more than usual
Jul 02, 2024, 4:33 PM
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What does SPRU do
Spruce Power Holding Corp, based in Denver, Colorado with 318 employees, specializes in operating and managing distributed solar energy assets and offers subscription-based solar and battery storage solutions for homeowners. The company, which went public in 2019, also provides asset management, maintenance, and loan servicing for residential solar projects and energy-efficient improvements.
SPRU has been in the news recently: SPRU refinanced a $125 million term loan with a $130 million New Debt Facility from Barings at a fixed loan rate of 6.889% to support its distributed solar energy assets across the US. Richard DiMatteo joins as Senior Vice President, Head of Spruce Pro, to drive growth and shareholder value through innovative distributed energy servicing technology.
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