In March, pv magazine USA broke the story of Spruce finance laying off an unknown number of workers in mid February. Spruce has kept a tight lid on changes within the company, however last week Power, Finance and Risk magazine reported that Goldman Sachs has been retained “for a potential sale” of the company.
Greentech Media, citing un-named sources, has further suggested that Spruce “has been trying to sell itself” for the past three quarters, and noted that resumes from both laid-off and active employees have been showing up on the desks of these sources.
Spruce itself has declined to either confirm or deny these rumors, instead giving a different reason that it hired Goldman Sachs. “We’re working with Goldman to explore innovative financing structures to lower the cost of capital for residential solar and home efficiency financing,” reads a portion of the statement from Spruce.
The statement also notes that as a private company Spruce Finance is not under any obligation to provide further information.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.