Spruce Power Q1 net loss narrows on cost cuts

Spruce Power Holding

13/05/2026 21:14

Overview

US distributed solar asset owner's Q1 revenue was stable yr/yr at $23.4 mln

Q1 net loss narrowed to $2.9 mln from $15.3 mln a year earlier

Operating EBITDA rose 49% yr/yr, driven by cost reductions in O&M and SG&A

Outlook

Company expects to convert long-term contracted cash flows into sustainable shareholder value throughout 2026

Result Drivers

COST REDUCTIONS - Lower O&M and SG&A expenses, driven by meter upgrades, vertical integration, and labor reductions, contributed to improved profitability

POSITIVE CASH GENERATION - Company generated positive adjusted cash flow from operations, reversing a cash outflow in the prior-year period

Company press release: ID:nBw4K4hQya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$23.42 mln
Q1 EPS
-$0.16
Q1 Net Income
-$2.86 mln
Q1 Income From Operations
$3.85 mln
Q1 Operating Expenses
$19.57 mln


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(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.)