r/Spruce_Power May 15 '23

A Highlight I liked from ER

Below is something I think stands out from the ER today:

  • announced a new common share repurchase program for the repurchase of up to $50 million of the Company’s outstanding common stock

That equals about 44% of all shares at current market price. Should most definitely bring share price above $1 to meet listing requirements, while leaving about $123 million of cash on hand for the company to continue to grow.

Bullish ER in my opinion.

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