Spruce Power Holding shared its Q3 earnings, showing a 3% drop in revenue from last year.

SPRU · Spruce Power Holding

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That leaves Spruce Power exposed to large debt payments without a completed replacement loan. It had $40.1 million in cash against $657.6 million in debt, and says maturity uncertainty raises the risk it may not continue operating. Lower company costs helped, but sales fell and maintenance costs rose. The reported profit partly reflected a non-cash swap value change, not more cash from operations.