TheRealShortSqueezy
Nov 6, 5:53 PM
☀️
$SPRU THE NUMBERS SPEAK FOR THEMSELVES!
Solar stocks are heating up again, and Spruce Power's valuation is getting hard to ignore.
✅ Approximately
$27M market cap
✅
$81.5M cash including restricted cash
✅
$802M gross solar portfolio value
✅ 83,000 owned home solar assets
✅ 10 years average remaining contract life
✅
$3.3M Q2 net profit
✅ Record
$26.5M quarterly Operating EBITDA
✅
$30.3M quarterly revenue
✅
$42M remaining under share buyback authorization as of Q2
✅ Steel Partners increased its ownership in September
🔥 HISTORY COULD REPEAT ITSELF?
Last November, following earnings, SPRU reportedly surged from
$2.60 to over
$6, a 130%+ rally!
NEXT CATALYST: Q3 EARNINGS NOVEMBER 12!
With a beaten down valuation, improving profitability and a potential refinancing catalyst, could another explosive move be setting up?
$SPWR
$RUN
$NOVA
$ENPH
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