Spruce Power plans to lay off 19% of workforce; shares fall
ReutersSep 25, 2025 1:54 AM
Shares of solar energy company Spruce Power SPRU.N falls 5.3% to $1.61 in extended trade
SPRU plans to implement a reduction in workforce as part of broader efforts to streamline operations
Company plans to cut 40 jobs, representing about 19% of its workforce
Expects annualized cost savings of about $20 million — when fully implemented
SPRU expects to recognize majority of restructuring charges in Q3
As of last close, shares down 42.76% YTD
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