Spruce Power Acquires Portfolio Of 2,400 Residential Solar Systems And Contracts For $20.9M; Portfolio Expected To Generate $4M Of Annual Reveneue
Portfolio Pulse from Benzinga Newsdesk
Spruce Power has acquired a portfolio of 2,400 residential solar systems and contracts for $20.9 million. The portfolio is expected to generate $4 million of annual revenue.
August 21, 2023 | 11:32 am
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Spruce Power's acquisition of a large portfolio of residential solar systems for $20.9M is expected to boost its annual revenue by $4M.
The acquisition of 2,400 residential solar systems and contracts by Spruce Power is a significant investment that is expected to generate an additional $4M in annual revenue. This could potentially increase the company's profitability and attractiveness to investors, thereby positively impacting its stock price in the short term.
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