Spruce Power Holding Announces New Share Buyback Program

Spruce Power Holding ( (SPRU) ) has shared an update.

On May 13, 2025, Spruce Power Holding Corporation announced that its board of directors authorized a new share repurchase program, allowing the company to buy back up to $50 million of its common stock by May 15, 2027. This initiative follows the expiration of its previous program on May 15, 2025, under which the company repurchased 1,870,827 shares at an average price of $4.33 per share. The new program is designed to return value to shareholders and can be executed through various transaction methods, with the company retaining discretion over the timing and amount of repurchases based on market conditions.

Spark’s Take on SPRU Stock

According to Spark, TipRanks’ AI Analyst, SPRU is a Underperform.

Spruce Power’s overall stock score is weighed down by financial weaknesses, including high leverage and negative cash flows, which limit its financial health. Despite strong revenue growth and operational improvements, technical indicators show bearish trends, and valuation metrics raise concerns. The cautious outlook from the earnings call further impacts the score, reflecting uncertainties in the residential solar market.

To see Spark’s full report on SPRU stock, click here.

More about Spruce Power Holding

Spruce Power Holding Corporation is a leading owner and operator of distributed solar energy assets across the United States. The company provides subscription-based services that allow homeowners to benefit from rooftop solar power and battery storage without significant upfront investments or maintenance costs. Spruce owns cash flows from approximately 85,000 home solar assets and contracts across the U.S.

Average Trading Volume: 82,067

Technical Sentiment Signal: Sell

Current Market Cap: $28.38M

Learn more about SPRU stock on TipRanks’ Stock Analysis page.