Spruce Power (SPRU) Stock Price, News & Analysis

Company Overview

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers. The company is headquartered in Denver, Colorado.

Key Stats

• Today's Range: $2.76 to $3.05
• 50-Day Range: $2.28 to $3.07
• 52-Week Range: $2.17 to $4.89
• Volume: 84,905 shs
• Average Volume: 44,772 shs
• Market Capitalization: $54.51 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Spruce Power Stock Analysis - MarketRank™

Spruce Power scored higher than 18% of companies evaluated by MarketBeat, and ranked 585th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Spruce Power.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Spruce Power is -0.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Spruce Power is -0.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Spruce Power has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.08% of the float of Spruce Power has been sold short.

Short Interest Ratio / Days to Cover

Spruce Power has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Spruce Power has recently decreased by 4.81%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Spruce Power does not currently pay a dividend.

Dividend Growth

Spruce Power does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.08% of the float of Spruce Power has been sold short.

Short Interest Ratio / Days to Cover

Spruce Power has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Spruce Power has recently decreased by 4.81%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.05

News Sentiment

Spruce Power has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Spruce Power this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added Spruce Power to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Spruce Power insiders have bought more of their company's stock than they have sold. Specifically, they have bought $76,240.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 9.60% of the stock of Spruce Power is held by insiders.

Percentage Held by Institutions

Only 20.76% of the stock of Spruce Power is held by institutions.

SPRU Stock Analysis - Frequently Asked Questions

How have SPRU shares performed this year?

Spruce Power's stock was trading at $4.42 at the start of the year. Since then, SPRU stock has decreased by 33.7% and is now trading at $2.93.
View the best growth stocks for 2024 here.

When did Spruce Power's stock split?

Spruce Power's stock reverse split on Monday, October 9th 2023. The 1-8 reverse split was announced on Monday, October 9th 2023. The number of shares owned by shareholders was adjusted after the market closes on Monday, October 9th 2023. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Who are Spruce Power's major shareholders?

Spruce Power's top institutional shareholders include Geode Capital Management LLC (0.84%). Insiders that own company stock include Eric M Tech, John P Miller, Mcbane Clara Nagy, Christopher M Hayes, Jonathan J Ledecky and Christian S Fong.
View institutional ownership trends.

How do I buy shares of Spruce Power?

Shares of SPRU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Spruce Power own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Spruce Power investors own include iShares Micro-Cap ETF (IWC), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), American Water Works (AWK) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NYSE:SPRU
• CUSIP: N/A
• CIK: 1772720
• Web: www.xlfleet.com
• Phone: 866-903-2399
• Fax: N/A
• Employees: 180
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($5.06)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-65,830,000.00
• Net Margins: -121.98%
• Pretax Margin: -122.19%
• Return on Equity: -23.98%
• Return on Assets: -5.48%

Debt

• Debt-to-Equity Ratio: 3.81
• Current Ratio: 2.75
• Quick Ratio: 2.75

Sales & Book Value

• Annual Sales: $77.58 million
• Price / Sales: 0.70
• Cash Flow: $0.20 per share
• Price / Cash Flow: 14.51
• Book Value: $11.24 per share
• Price / Book: 0.26

Miscellaneous

• Outstanding Shares: 18,603,000
• Free Float: 16,817,000
• Market Cap: $54.51 million
• Optionable: Optionable
• Beta: 1.20