Spruce Power Holding reports Q2 EPS (46c) vs. 9c last year

Reports Q2 revenue $22.5M vs. $22.8M last year. “In the second quarter, our owner-operator platform delivered solid performance, backed by reliable, long-term cash flows from approximately 75,000 home solar assets and contracts. We exited the quarter with substantial liquidity of over $100 million of unrestricted cash to pursue our burgeoning growth opportunity set,” said Chris Hayes, CEO. “The fundamentals of our business have never been stronger as consumer preference for solar leases and power purchase agreements continues to accelerate. This dynamic creates a strong tailwind for our M&A focused customer acquisition strategy and third-party servicing offerings through Spruce Pro. We are focused on disciplined execution and driving positive inflection in our platform’s free cash flow generation.”