Zacks Investment Research has recently initiated coverage of Spruce Power Holding Corporation (SPRU) , with a Neutral recommendation. The Denver-based residential solar asset owner is at an inflection point, balancing steady recurring cash flows with mounting headwinds from policy changes and a leveraged capital structure.Spruce Power operates approximately 85,000 long-term residential solar leases and power purchase agreements (PPAs), providing an average remaining contract life of around 11 years. This su ...