XL Fleet Corp.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Full Time Employees
- 177
- Sector
- Consumer Cyclical
- Industry
- Auto - Parts
- Address
- 145 Newton Street Boston MA United States of America 02135
- IPO Date
- Sep 3, 2019
- CIK
- 0001772720
- Website
- xlfleet.com
- Similar Companies
- Business
- XL Fleet Corp. (NYSE: XL), founded in 2009 and headquartered in Boston, Massachusetts, provides electrification solutions for commercial and municipal fleet vehicles in North America; its core products and services include hybrid electric drive systems comprising electric motors mounted on vehicle drive shafts, inverter motor controllers, and lithium-ion battery packs for propulsion; plug-in hybrid electric drive systems; fully electric powertrains such as XL Electric; fleet management systems like XL Grid for real-time data monitoring and analytics; vehicle electrification infrastructure including charging stations; and electrification-as-a-service offerings encompassing power management, onsite power, and storage solutions compatible with Class 2-8 vehicles from manufacturers including Ford, Chevrolet, GMC, and Isuzu. The company targets Fortune 500 enterprises, public utilities, municipalities, logistics firms, delivery services, rental companies, waste management, and construction sectors. In a major strategic shift, XL Fleet completed the transformational acquisition of Spruce Power, the largest privately held U.S. residential rooftop solar systems operator with over 52,000 subscribers, in September 2022 for approximately $58 million in cash plus $542 million in assumed debt, subsequently renaming to Spruce Power Holding Corporation (NYSE: SPRU) in November 2022 and shutting down its electric vehicle conversion business; it faced a U.S. SEC charge in 2023 for misleading revenue disclosures related to the predecessor entity, resulting in an $11 million fine in 2023.
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XL Fleet Corp. (XL) Q3 2022 Earnings Call Transcript
XL Fleet Announces Third Quarter 2022 Financial Results Following Recent Transformational Acquisition of Spruce Power
XL Fleet Announces Third Quarter 2022 Financial Results Following Recent Transformational Acquisition of Spruce Power
XL Fleet to Rename as Spruce Power and Change NYSE Ticker Symbol to SPRU
XL Fleet Corp. Receives Notice Regarding NYSE Continued Listing Standard
XL Fleet Corp. Announces Timing of Third Quarter 2022 Earnings Release and Conference Call
XL Fleet Completes Transformational Acquisition of Spruce Power, the Largest Privately Held Solar-as-a-Service Provider
XL Fleet Completes Transformational Acquisition of Spruce Power, the Largest Privately Held Solar-as-a-Service Provider
XL Fleet Q2 2022 Earnings Highlights
XL Fleet Announces Second Quarter 2022 Financial Results
XL Fleet Corp. Announces Timing of Second Quarter 2022 Earnings Release and Conference Call
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XL Fleet Corp.'s (XL) CEO Eric Tech on Q1 2022 Results - Earnings Call Transcript
XL Fleet Announces First Quarter 2022 Financial Results
XL Fleet Unveils its First All-Electric Refuse Vehicle at WasteExpo 2022
XL Fleet: Buying $1 Bills For 56 Cents
XL Fleet Corp. Announces Timing of First Quarter 2022 Earnings Release and Conference Call
XL Fleet Appoints Donald Klein as Chief Financial Officer