XL News and Press, XL Group Ltd.

XL Fleet Corp. (XL) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Stacey Constas - General Counsel Eric Tech - Chief Executive Officer Christian Fong - President XL Fleet and CEO of Spruce Power Don Klein - Chief Financial ...

XL Fleet press release ( NYSE: XL ): Q3 GAAP EPS of -$0.15. Revenue of $8.4M (+162.5% Y/Y). Adjusted EBITDA totaled -$1.8M for the third quarter of 2022, compared to -$11.7M for the second quarter of 2022 and -$14.3M in the third quarter of 2021. Exited 3Q22 with m...

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 accessibl...

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 n...

XL Fleet ( NYSE: XL ) said Friday it received a notice from NYSE as it is not in compliance with the exchange's price criteria for continued listing. The firm will consider all available alternatives - including, but not limited to, a potential reverse stock split - t...

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 receiv...

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 rele...

XL Fleet ( NYSE: XL ) has closed the acquisition of privately held solar-as-a-service provider Spruce Power for total cash consideration of ~$58M. Based in Houston, Texas, Spruce Power owns and operates residential rooftop solar systems in the U.S. with more than 52,000 subs...

Completed acquisition of Spruce Power from funds managed by HPS for total cash consideration of approximately $58 million and the assumption of approximately $542 million of debt on September 9, 2022 Spruce Power is the largest privately held owner and operator of residentia...

Summary XL Fleet has completely revamped its operations since it was founded in 2009. The major restructuring took place in the first quarter of 2022. Cash burn is excessive compared to sales generated. The electric vehicle boom not translating to growth in XL Fleet. ...