(NYSE: #SPRU)
#SprucePower lands a multi-year, no-upfront-cost solar + storage lease contract in North Carolina—launching the state’s first residential solar‑plus‑battery program with local partner EnerWealth Solutions.
prismmarketview.com/spruce-power...

Spruce Power stock soars after securing $10M SREC sales agreement Investing.com -- Spruce Power Holding Corporation (NYSE:SPRU) stock surged 20% after the company announced a multi-year agreement to sell its Solar Renewable Energy Credits (SRECs) in New Jersey to a Fortune Global 50 energy sector counterparty. The transaction is expected to generate approximately $10 million in fully-hedged revenue for Spruce through 2029. The company, which owns and operates distributed solar energy assets across the United States, described the deal as part of a broader initiative to capture benefits from its SRECs. "We view scaling SREC registration as a low cost, low risk opportunity to generate capital-light high margin, cash flow for the Company," said Chris Hayes, Chief Executive Officer of Spruce. "This transaction is another example of Spruce’s expertise in maximizing value from our assets while hedging against future price movements." The forward contract provides Spruce with a hedged revenue stream that reinforces the company’s cash flow generation. Hayes noted that the counterparty is likely using Spruce’s SRECs as a compliance instrument to hedge electricity supply positions in New Jersey. Spruce is actively pursuing similar opportunities in certain northeastern states and California through its Environmental Commodities Markets desk. The company also offers Spruce PRO, a suite of services for third-party owners of distributed generation assets. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in SPRU, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is SPRU one of them?

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(NYSE: #SPRU)
#SprucePower inks a multi-year, $10M deal to sell New Jersey Solar Renewable Energy Credits to a Fortune Global 50 energy company — securing fully hedged revenue through 2029 and boosting cash flow stability.
prismmarketview.com/spruce-power...