{"id":208439,"date":"2024-06-24T18:00:00","date_gmt":"2024-06-24T18:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=3078879"},"modified":"2024-06-24T18:00:00","modified_gmt":"2024-06-24T18:00:00","slug":"water-tower-research-publishes-initiation-of-coverage-report-on-spruce-power-holding-corporation-initiating-coverage-competitive-servicing-moat-supports-residential-roofto","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2024\/06\/24\/water-tower-research-publishes-initiation-of-coverage-report-on-spruce-power-holding-corporation-initiating-coverage-competitive-servicing-moat-supports-residential-roofto\/","title":{"rendered":"Water Tower Research Publishes Initiation of Coverage Report on Spruce Power Holding Corporation, \u201cInitiating Coverage: Competitive Servicing \u201cMoat\u201d Supports Residential Rooftop Solar Acquisition Strategy\u201d"},"content":{"rendered":"

\"\"<\/p>\n

June 24, 2024, ST. PETERSBURG, FL \u2013 Water Tower Research (www.watertowerresearch.com<\/a>) has published an Initiation of Coverage Report on Spruce Power Holding Corporation (NYSE: SPRU) titled, \u201cInitiating Coverage: Competitive Servicing \u201cMoat\u201d Supports Residential Rooftop Solar Acquisition Strategy\u201d. The report can be accessed here<\/a>.<\/p>\n

Spruce Power is a leading owner-operator of residential rooftop solar systems and one of the largest third-party owners (TPO). Spruce owns the cash flow from approximately 75,000 residential solar systems representing 425 MW of capacity across 18 states. The company\u2019s portfolios consist of residential power purchase agreements (PPAs) and solar lease agreements (SLAs).<\/p>\n

Spruce is not an installer of residential rooftop systems, and its strategy is to grow through the acquisition of mature portfolios of cash flowing, residential solar assets. The company believes this offers a lower customer acquisition cost (CAC) versus its peers who install systems and incur sizable expenses tied to marketing and sign-up of solar customers.<\/p>\n

The company offers a \u201cPower-as-a-Service\u201d business model and has its own in-house solar servicing platform. The company provides comprehensive home energy solutions, for example in battery storage and EV charging. While at present these are not significant drivers of revenue, these could be future growth drivers given the company\u2019s growing base of customers.<\/p>\n

Ab<\/strong>out Water Tower Research<\/strong>\u00a0<\/p>\n

Water Tower Research is modernizing Investor Relations through research-driven communications and Investor Engagement. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor relations platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies take control of their IR program and proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients\u2019 businesses, industries, and the investment opportunities they present.<\/p>\n

Tags: battery storage<\/a>, EV Charging<\/a>, grid electricity<\/a>, Power Generation<\/a>, residential rooftops<\/a>, Solar<\/a> <\/p>\n

See Campaign: <\/strong>https:\/\/www.watertowerresearch.com<\/a><\/p>\n

Contact Information:<\/h3>\n

Name: Water Tower Research LLC
Email: research@watertowerresearch.com
Job Title: WTR Investor Engagement<\/p>\n

Tags:<\/b>
BNN<\/a>, CE<\/a>, Extended Distribution<\/a>, Go Media<\/a>, Go Media2<\/a>, Google News<\/a>, iCN Internal Distribution<\/a>, IPS<\/a>, PR-Wirein<\/a>, ReleaseLive<\/a>, Reportedtimes<\/a>, English<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

June 24, 2024, ST. PETERSBURG, FL \u2013 Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Spruce Power Holding Corporation (NYSE: SPRU) titled, \u201cInitiating Coverage: Competitive Servicing \u201cMoat\u201d Supports Residential Rooftop Solar Acquisition Strategy\u201d. The report can be accessed here. Spruce Power is a leading owner-operator of residential rooftop solar systems and [\u2026] Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":336,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-208439","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nWater Tower Research Publishes Initiation of Coverage Report on Spruce Power Holding Corporation, \u201cInitiating Coverage: Competitive Servicing \u201cMoat\u201d Supports Residential Rooftop Solar Acquisition Strategy\u201d - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2024\/06\/24\/water-tower-research-publishes-initiation-of-coverage-report-on-spruce-power-holding-corporation-initiating-coverage-competitive-servicing-moat-supports-residential-roofto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Water Tower Research Publishes Initiation of Coverage Report on Spruce Power Holding Corporation, \u201cInitiating Coverage: Competitive Servicing \u201cMoat\u201d Supports Residential Rooftop Solar Acquisition Strategy\u201d - Business\" \/>\n<meta property=\"og:description\" content=\"June 24, 2024, ST. PETERSBURG, FL \u2013 Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Spruce Power Holding Corporation (NYSE: SPRU) titled, \u201cInitiating Coverage: Competitive Servicing \u201cMoat\u201d Supports Residential Rooftop Solar Acquisition Strategy\u201d. The report can be accessed here. 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