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Spruce Power Announces $50 Million Share Repurchase Program

1. Spruce Power authorized a $50 million share repurchase program until May 2027. 2. The initiative aims to return value to shareholders and reflect confidence.

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FAQ

Why Bullish?

Share repurchase programs typically signal confidence and potential price support. Historical examples show stock prices often rise following such announcements, as seen with other firms like Apple.

How important is it?

The announcement directly affects stock supply and may enhance investor confidence, influencing SPRU's price.

Why Short Term?

The immediate execution of the buyback can bolster stock prices quickly. Similar past approvals have positively influenced short-term stock performance.

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DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”) today announced that its board of directors has authorized a share repurchase program (the "Share Repurchase Program") to repurchase up to $50 million of Spruce's common stock on or before May 15, 2027, beginning upon the expiry of its current share repurchase program on May 15, 2025. The Board believes that the authorization of the Share Repurchase Program will enable Spruce to opportunistically return value to s.

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