Sep. 18 at 3:04 PM
$SPRU : SOLAR SECTOR HEATING UP ☀️
Spruce Power owns and operates U.S. residential solar assets, generating recurring revenue from long term contracts.
☀️
$35M market cap
☀️
$81.5M total cash + restricted cash, or
$4.24/share
☀️
$802M gross solar portfolio value
☀️ Q2 swung from a
$3M loss to
$3.3M net income
☀️ Record Operating EBITDA of
$26.5M
🔜 POSSIBLE CATALYSTS
▶️ Continued solar sector momentum
▶️ Strategic solar portfolio acquisitions
▶️ Potential share buybacks with
$42M remaining authorized
▶️ Continued profitability + EBITDA growth
I'm swinging this play for few months with Solar Sector heating up. Every year October and November months are usually very good for these tickers.
Peers:
$RUN
$FSLR
$ENPH
$SEDG