Multi-year Agreement with ADT for Several Servicing Needs DENVER / Dec 23, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the first customer for its Spruce Pro servicing business. Spruce signed a multi-year Service Agreement with ADT, under which Spruce Pro will facilitate the management and resolution of workmanship and equipment warranty claims for customers... Read More

Deal Grows Spruce’s Home Solar Assets and Contracts by ~13% to ~85,000 Accelerates Operating Efficiencies to Enhance Customer Experience and Shareholder Value DENVER / Nov 25, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (“CEV”), a subsidiary of New Jersey Resources Corporation... Read More

DENVER / Nov 13, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the third quarter ended September 30, 2024. Business Highlights Reported 3Q revenues of $21.4 million, net loss attributable to stockholders of $53.5 million and Operating EBITDA of... Read More

DENVER / Oct 30, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report third quarter 2024 financial results after the stock market close on Wednesday, November 13. Spruce will issue a press release reporting its results, which will be available on the Investor Relations... Read More

DENVER / Aug 14, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the second quarter ended June 30, 2024. Business Highlights Reported 2Q revenues of $22.5 million, net loss attributable to stockholders of $8.6 million and Operating EBITDA of $14.4... Read More

DENVER / Aug 01, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report second quarter 2024 financial results after the stock market close on Wednesday, August 14. Spruce will issue a press release reporting its results, which will be available on the Investor Relations... Read More

DENVER / Jul 02, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the addition of Richard DiMatteo as Senior Vice President, Head of Spruce Pro. The addition of Rich DiMatteo underscores Spruce’s strategic commitment to advancing its distributed energy platform through... Read More

DENVER / Jul 01, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the “New Debt Facility”) provided by Barings LLC (“Barings”). The New Debt Facility refinances the Company’s term... Read More

DENVER / Jun 24, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announced today that it has appointed Clara Nagy McBane to serve as a new member of its Board of Directors (the “Board”) effective immediately. As a result, the Board has increased to seven members. “We are pleased to... Read More

DENVER / May 15, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter ended March 31, 2024. Business Highlights Reported 1Q revenue of $18.3 million, net loss attributable to stockholders of $2.5 million and Operating EBITDA of $10.7 million.... Read More

DENVER / May 06, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) has released the following notice according to THE UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS: THE UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS VAL KAY, Derivatively on Behalf of Nominal Defendant XL FLEET CORP., Plaintiff, v. DEB FRODL, ERIC TECH, KEVIN GRIFFIN, CHRIS HAYES, JOHN LEDECKY, SARA SCLARSIC, JOHN MILLER,... Read More

DENVER / May 01, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report first quarter 2024 financial results after the stock market close on Wednesday, May 15. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section... Read More

DENVER / Apr 24, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Chief Executive Officer, will participate in a Water Tower Research Fireside Chat on Friday, April 26, 2024. Topics will include an introduction to Chris Hayes; a review of Spruce’s... Read More

DENVER / Apr 24, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the hiring of Kevin Minton as Vice President, Asset Operations. The addition of Minton builds on the foundational strength of Spruce’s existing distributed energy servicing technology platform and highlights... Read More

Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors DENVER / Apr 15, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce’s Chairman of the Board, will succeed Christian Fong as President and Chief... Read More

DENVER / Mar 14, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the fourth quarter and year ended December 31, 2023. Business Highlights Added approximately 25,000 customer contracts in 2023, for nearly 50% year-on-year growth, to reach over 75,000... Read More

DENVER / Feb 28, 2024 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report fourth quarter and full-year 2023 financial results after the stock market close on Thursday, March 14, 2024. Spruce will issue a press release reporting its results, which will be available on the... Read More

Spruce Pro expands Spruce Power into the commercial solar market, which is projected to experience double-digit growth through the end of the decade The new business line introduces a set of asset management and commodity trading tools to increase productivity and servicing quality for commercial solar customers Best-in-class customer and portfolio servicing can assist customers in increasing revenue, lengthening asset life,... Read More

Distributed solar energy leader expands its Houston presence by over 10,000 square feet to support a growing portfolio of home solar assets and contracts Commitment to Texas includes plans to expand the Houston team by 20 in 2024 DENVER / Dec 14, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United... Read More

DENVER / Nov 09, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter ended September 30, 2023. Business Highlights Third quarter revenue reaches a record level of $23.3 million. By acquiring over 2,400 customer contracts in the third quarter,... Read More

DENVER / Oct 16, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report third quarter 2023 financial results after the stock market close on Thursday, November 9. Spruce will issue a press release reporting its results, which will be available on the Investor Relations... Read More

1-for-8 reverse stock split of Spruce’s common stock approved by stockholders Spruce’s common stock anticipated to begin trading on a split-adjusted base on October 9, 2023 DENVER / Oct 02, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that its stockholders have... Read More

DENVER / Sep 28, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announces that it has settled a civil enforcement action filed by the United States Securities and Exchange Commission (“SEC”) related to the 2020 merger of Spruce’s predecessor company, XL Fleet Corp. The SEC’s... Read More

Distributed solar energy leader relocates its Denver headquarters after growing residential solar assets and contracts by about 50% in the past year Commitment to growth in Colorado includes plans to expand the number of high-quality jobs in Denver and the Front Range to 20 by the end of 2024 DENVER / Sep 18, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and... Read More

Deal grows Spruce’s total customer contract portfolio to over 75,000 systems Portfolio expected to generate about $4 million of annual revenue DENVER / Aug 21, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of a portfolio of over 2,400 residential solar... Read More

DENVER / Aug 14, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announced today a disaster relief initiative in the aftermath of the devastating fires that have swept through the Maui community. Spruce stands with its customers and will waive its billing for all customers within the... Read More

DENVER / Aug 10, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter ended June 30, 2023. Business Highlights Reported 2Q revenue of $22.8 million, net income attributable to stockholders of $3.1 million, and adjusted EBITDA, together with... Read More

DENVER / Jul 28, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report second quarter 2023 financial results after the stock market close on Thursday, August 10. The Company will issue a press release reporting its results, which will be available on the... Read More

DENVER / May 15, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter ended March 31, 2023. Business Highlights Added cash flows from 22,500 residential solar customer contracts through the Spruce Power 4 Portfolio acquisition, bringing total... Read More

DENVER / May 11, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announced that Sarah Wells has been appointed Chief Financial Officer, effective May 19 th . Mrs. Wells succeeds Don Klein, who is departing in connection with the previously announced transition from XL Fleet to Spruce... Read More

DENVER / May 10, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced its participation in the following upcoming investor conferences: Credit Suisse 2023 Renewable and Utilities Conference – May 17, 2023, New York, NY TD Cowen Sustainability Week – June 8, 2023, Virtual... Read More

DENVER / May 01, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report first quarter 2023 financial results after the stock market close on Monday, May 15. The Company will issue a press release reporting its results, which will be available on the Investor... Read More

DENVER / Mar 31, 2023 / Business Wire / Spruce Power Holding Corp. (NYSE: SPRU) (“Spruce Power” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that on March 28, 2023, it received a notice from the New York Stock Exchange (“NYSE”), notifying the Company that it is out of compliance with the NYSE's price criteria for continued listing standards... Read More

DENVER / Mar 23, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today reported financial results for the quarter and full year ended December 31, 2022. Business Highlights Completed strategic transformation into pure play owner and operator of residential rooftop solar assets following... Read More

Deal grows Spruce’s total customer contract base by 44% to over 72,000 systems Portfolio expected to generate over $21 million of annual customer billings and about $18 million portfolio EBITDA 10 state deal expands Spruce Power into new markets of Washington and Oregon DENVER / Mar 23, 2023 / Business Wire / Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of... Read More

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, is proactively monitoring the events and possible derivatives of Silicon Valley Bank’s (“SVB”) transition into receivership by the Federal Deposit Insurance Corporation. While Spruce Power will continue to evaluate this fluid situation, the Company has made an... Read More

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report fourth quarter and full year 2022 financial results after the stock market close on Thursday, March 23. The Company will issue a press release reporting its results, which will be available on the Investor Relations section of... Read More

Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that the New York Stock Exchange (the “NYSE”) notified the Company that it has regained compliance with the NYSE’s continued listing standard for minimum share price. On October 20, 2022, the NYSE notified Spruce of noncompliance with the NYSE’s continued listing... Read More

Fong Led Spruce Power Before Merger with XL Fleet Current CEO Eric Tech to Remain on Board of Directors Headquarters Moved to Denver, Colorado Effective January 1 Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”; formerly known as XL Fleet), a leading owner and operator of distributed solar energy assets across the United States, today announced the anticipated timing of its previously indicated leadership transition. On... Read More

Deb Frodl and Sarah Sclarsic Transition off Board Effective December 31, 2022 Chris Hayes Elected as Chair Effective January 1, 2023 Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”; formerly known as XL Fleet), a leading owner and operator of distributed solar energy assets across the United States, today announced that Debora Frodl will be retiring, and Sarah Sclarsic will be stepping down, from the Company’s board of... Read More

Completes Business Model Transformation into a Pure-play Clean Energy Provider Stronger Financial Position with Substantially Reduced Cash Usage Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”; formerly known as XL Fleet), a leading owner and operator of distributed solar energy assets across the United States, today announced completion of its strategic transformation to a pure play clean energy solutions business:... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), is a leading owner and operator of distributed solar energy assets across the United States, offering subscription-based services to more than 51,000 customers and making renewable energy more accessible to everyone, today announced third quarter 2022 financial results. Results for the third quarter of 2022 reflect contribution from the Company’s XL Grid and Drivetrain... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that it will change its corporate name to Spruce Power Holding Corporation, effective November 14, 2022. The Company will be known as Spruce Power. Additionally, the Company will change its NYSE ticker... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that on October 20, 2022, it received a notice from the New York Stock Exchange (“NYSE”), notifying the Company that it is out of compliance with the NYSE's price criteria for continued listing standards... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a residential solar provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that it will release its third quarter 2022 financial results after market close on Wednesday, November 9, 2022. This release will be followed by a conference call hosted by members of... Read More

XL Fleet Corp. (NYSE: XL), today announced the acquisition of Spruce Power, the largest privately held owner and operator of residential rooftop solar systems in the U.S. with more than 52,000 subscribers. In connection with the acquisition of Spruce Power, XL Fleet also unveiled its new corporate strategy to provide subscription-based solutions for rooftop solar, battery storage, EV charging and other distributed energy... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions and energy efficiency, today announced second quarter 2022 financial results. Second Quarter 2022 and Recent Highlights Generated revenue for second quarter of 2022 of $3.0 million, compared to $3.7 million in the prior year Realized gross profit for the second quarter of 2022 of $0.6 million versus gross profit of... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification and energy efficiency solutions, today announced that it will release its second quarter 2022 financial results after market close on Tuesday, August 9, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Tuesday, August 9, 2022. The call can... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions, today announced first quarter 2022 financial results. First Quarter 2022 and Recent Highlights Generated revenue for first quarter of 2022 of $4.8 million, compared to $0.7 million in the prior year Realized gross loss for the first quarter of 2022 of $0.4 million versus gross loss of $0.7 million in the prior year... Read More

XL Fleet Corp . (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions, will today unveil at WasteExpo 2022 its first ever all-electric pre-series unit on the Curbtender Quantum refuse truck. The vehicle was developed in collaboration with Curbtender, Inc. (“Curbtender”), utilizing a... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading energy efficiency and fleet electrification solutions provider, today announced that it will release its first quarter 2022 financial results after market close on Tuesday, May 10, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Tuesday, May 10, 2022. The call can be... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions, announced today that Tod Hynes has been appointed Chair of its Board of Advisors, and has stepped down as President of XL Fleet and member of its Board of Directors to work with additional organizations reducing fossil fuel consumption and combating climate change, effective March 21, 2022. “We appreciate Tod’s... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions, announced today the appointment of John Miller to its Board of Directors. Mr. Miller will provide strategic counsel to support the future of the business as the Company helps its customers meet decarbonization and sustainability goals. Mr. Miller has more than 40 years of executive management experience in the... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions, today announced fourth quarter and full-year 2021 financial results. Fourth Quarter, Full-Year 2021 and Recent Highlights Generated revenue for fourth quarter of 2021 of $8.0 million, compared to $10.9 million in the prior year Realized gross loss for the fourth quarter of 2021 of $1.6 million, compared to gross... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, today announced that on December 1, 2021, and in connection with the previously announced appointment of Eric Tech as CEO of XL Fleet, Mr. Tech received a one-time inducement grant under NYSE Listed Company Manual Rule 303A.08. As part of the grant, Mr. Tech received 493,026 stock options... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced it was awarded a contract by the Defense Innovation Unit (DIU) and The U.S. Army’s Project Manager Transportation Systems (PM TS) to prototype a fuel-saving technology for... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced third quarter 2021 financial results. Third Quarter 2021 and Recent Highlights Generated revenue for third quarter of 2021 of $3.2 million, compared to $6.3 million in the prior year Realized gross profit for the third quarter of 2021 of $0.7 million,... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of vehicle electrification solutions for commercial and municipal fleets, today announced that its Board of Directors (the “Board”) has appointed Eric Tech as Chief Executive Officer of XL Fleet, effective December 1, 2021. Mr. Tech brings nearly 35 years of automotive and mobility industry experience and has held senior leadership positions at... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced it is now offering its hybrid electric drive system for Ram 2500 and 3500 heavy duty pickup trucks. The XLH™ system represents the Company’s first electrification product... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced second quarter 2021 financial results. Second Quarter 2021 and Recent Highlights Generated revenue for second quarter of 2021 of $3.7 million, compared to $1.9 million in the prior year, driven by the addition of World Energy in mid-May 2021 Realized gross... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions, today announced the date of its second quarter earnings release and earnings conference call. The Company will report its second quarter 2021 financial results after market close on Thursday, August 12, 2021, followed by a conference call at 5:00 p.m. Eastern Time. The earnings conference call can be accessed live by dialing... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, and ARBOC Specialty Vehicles, LLC (TSX: NFI) (“ARBOC”), a subsidiary of NFI Group Inc. (“NFI”), one of the world’s leading independent global bus manufacturers, have announced a... Read More

XL Hybrid system can immediately be ordered as an option on ARBOC Freedom low-floor buses sold through ARBOC’s North American dealer network Wheelchair-accessible hybrid buses are built on the GM 4500 chassis and require no electric vehicle charging infrastructure NFI Group Inc. (TSX: NFI, OTC: NFYEF) (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in mobility solutions, today... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced a battery and power electronics development and supply agreement and an investment in eNow, Inc. (“eNow”), a provider of solar and battery power systems that enable... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that its XL Hybrid electric drive system is now available as an upfit solution for the new Isuzu NPR-HD. The electrification system is XL Fleet’s newest product release and... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions, today announced that the Company has been added to the Russell 3000® Index and the U.S. Small Cap Russell 2000® Index effective after the U.S. markets open on June 28, 2021. The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization.... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, announced an agreement with Rubicon, a software platform that provides smart waste and recycling solutions for businesses and governments worldwide, to bring XL Fleet’s offerings for fleet electrification to Rubicon’s network of waste and recycling hauler partners. This will allow XL Fleet... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, today celebrated the grand opening of its Fleet Electrification Technology Center in Wixom, MI, with Michigan Governor Gretchen Whitmer and other legislative leaders of the state in... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced first quarter 2021 financial results. First Quarter 2021 and Recent Highlights Generated revenue for first quarter of 2021 of $0.7 million, compared to $1.2 million in the prior year Exited first quarter of 2021 with cash balance of $404 million as of March... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, today announced the acquisition of World Energy Efficiency Services, LLC (“World Energy”) for total cash and stock consideration of approximately $16 million. World Energy is a leading provider of energy efficiency, renewable technology, electric vehicle charging station and other energy... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced that, following a statement published by the Staff of the U.S. Securities and Exchange Commission on April 12, 2021 regarding the accounting and reporting of warrants issued by special purpose acquisition companies, the consolidated financial statements as of... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced the date of its earnings release and earnings conference call. The Company will report its first quarter 2021 financial results after market close on Monday, May 17, 2021, followed by a conference call at 5:00 p.m. Eastern Time. Hosting the conference call... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, and Dickinson Fleet Services (“Dickinson”), the leading mobile maintenance provider for medium and heavy-duty trucks and trailers in North America, have announced a partnership to expand XL Fleet’s nationwide service capacity to support the Company’s record growth of electrified vehicle... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced the addition of Cielo M. Hernandez as Chief Financial Officer of XL Fleet. As CFO, Hernandez will oversee the Company’s financial organization, including financial reporting, financial planning, internal controls, as well as treasury. Hernandez’s extensive... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions, and Apex Clean Energy (“Apex”), a leading clean energy company that develops, constructs, and operates utility-scale wind and solar power facilities throughout North America, today announced that XL Fleet is electrifying... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced fourth quarter and full-year 2020 financial results. Full-Year and Recent Highlights Generated revenue for full-year 2020 of $20.3 million, an increase of 182% vs. $7.2 million in the prior year Generated revenue for fourth quarter of 2020 of $10.9 million,... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced that it has changed the date of its previously announced earnings release and earnings conference call to allow additional time to complete a review of its fourth quarter and full-year 2020 financials. The Company will now report its fourth quarter and... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions, has opened its newest location in Wixom, MI, as the Company continues its rapid expansion to meet customer demand for a range of electrification solutions. The 24,655 square-foot facility is located in the heart of the United... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today responded to a March 3, 2021 report targeting XL Fleet, written by a short-seller with a disclosed economic incentive to negatively influence the Company’s stock price. Upon further thorough review, XL Fleet reiterates that the report contains numerous factual inaccuracies,... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today addressed a March 3, 2021 report targeting XL Fleet written by a short-seller who has a disclosed economic incentive to negatively influence the Company’s stock price. The report contains numerous factual inaccuracies, misleading statements, and flawed conclusions. The Company... Read More

XL Fleet , a leader in vehicle electrification solutions, has reached a strategic partnership with UBS Arena and the New York Islanders that includes the opportunity to explore the deployment and operation of 1,000 electric vehicle charging stations at the new UBS Arena, New York’s next premier entertainment and sports venue... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that members of its executive leadership team, including Tod Hynes, Founder & President of XL Fleet, and Dimitri Kazarinoff, Chief Executive Officer, have been invited to participate in the following upcoming virtual investor conferences over the next several weeks,... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions with over 145 million customer miles driven, today announced that as of February 16, 2021, approximately 4.7 million of the total approximately 7.7 million Public Warrants had been exercised. As previously announced on January 28, 2021, the Company provided notice to the holders of the Public Warrants that their warrants will... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions with over 145 million customer miles driven, today announced it has entered into a strategic partnership with Curbtender, a market leader in Under CDL refuse trucks and a pioneer in automated side loader collection. Under the terms of the agreement, XL Fleet and Curbtender will jointly develop a series of battery electric... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that it will release its fourth quarter and full year 2020 financial results before market open on Tuesday, March 30, 2021. This release will be followed by a conference call hosted by members of the XL Fleet management team at 8:30 a.m. Eastern Time on Tuesday, March 30,... Read More

XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that the Company will redeem all of its outstanding publicly held warrants (the “Public Warrants”). Holders of the Public Warrants have until 5:00 p.m. Eastern Standard Time (EST) on March 1, 2021 to exercise their Public Warrants. The Public Warrants are exercisable for... Read More