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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 program aims to return value to shareholders opportunistically.

Shares Buyback
+11.71%Current Return
VS
+0.37%S&P 500
$1.5805/14 08:46 AM EDTEvent Start
$1.76505/15 03:39 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks typically increase earnings per share and can bolster investor confidence. Previous examples show that companies initiating buyback programs often see stock price appreciation.

How important is it?

The announcement reflects a strong commitment to shareholder value, which can attract investors and increase demand for the stock.

Why Long Term?

Share repurchase programs have a lasting impact by enhancing shareholder value over time. Historical data illustrate that consistent buybacks lead to stock price stability and growth.

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AAPLMSFTTSLA
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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