Spruce Power (SPRU) Stock Price, News & Analysis

Company Overview

Spruce Power (NYSE: SPRU) is a U.S.-based renewable energy company that provides solar-as-a-service solutions for residential and commercial customers. The company’s core offering combines rooftop solar and battery storage systems under long-term service agreements, allowing customers to benefit from clean energy without the upfront capital costs associated with purchasing and installing solar equipment. Spruce Power manages the full lifecycle of each system, including site assessment, installation, financing, operations and maintenance.

Spruce Power operates a vertically integrated platform that spans project development, design and engineering, construction, financing and ongoing monitoring. Its proprietary operating system and remote monitoring tools enable the company to optimize energy production and system performance in real time. In addition to solar power installations, Spruce Power offers energy efficiency audits and upgrades, demand management programs and electric vehicle charging solutions to help customers achieve broader sustainability goals.

Founded in 2007 as Clean Energy Unlimited and rebranded to Spruce Power in 2021, the company has grown its portfolio to serve tens of thousands of customers across more than a dozen U.S. states, with a focus on the Sun Belt and other regions with strong solar resources. Headquartered in Chapel Hill, North Carolina, Spruce Power has established regional operations teams to streamline permitting, interconnection and installation processes, working closely with local utilities and regulatory bodies to expedite project deployment.

Spruce Power’s leadership team brings extensive experience in renewable energy, finance and infrastructure development. Founder and Chairman Nicholas Egelanian leads a management group that includes experts in project finance, engineering and customer service. Guided by a commitment to expanding access to clean energy, the company continues to pursue strategic partnerships and technological innovations aimed at driving down costs and improving the customer experience in the transition to a decarbonized energy system.

Key Stats

• Today's Range: $1.65 to $1.70
• 50-Day Range: $1.61 to $2.15
• 52-Week Range: $1.42 to $3.60
• Volume: 2,410 shs
• Average Volume: 62,949 shs
• Market Capitalization: $30.57 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

SPRU Stock Analysis - Frequently Asked Questions

How have SPRU shares performed this year?

Spruce Power's stock was trading at $2.97 at the beginning of 2025. Since then, SPRU shares have decreased by 41.9% and is now trading at $1.7250.

How were Spruce Power's earnings last quarter?

Spruce Power Holding Corporation (NYSE:SPRU) announced its quarterly earnings results on Wednesday, May, 14th. The company reported ($0.84) earnings per share for the quarter. The business earned $23.82 million during the quarter. Spruce Power had a negative net margin of 94.85% and a negative trailing twelve-month return on equity of 34.62%.
Read the conference call transcript.

When did Spruce Power's stock split?

Shares of Spruce Power reverse split before market open 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.

Is Spruce Power doing a stock buyback?

Spruce Power's board authorized a share buyback plan on Wednesday, May 14th 2025, which authorizes the company to repurchase $50,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 164.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

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.

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), AU Optronics (AUOTY), American Water Works (AWK) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 5/14/2025
• Today: 7/14/2025
• Next Earnings (Estimated): 8/12/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

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

Profitability

• EPS (Trailing Twelve Months): ($4.49)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$70.49 million
• Net Margins: -94.85%
• Pretax Margin: -94.35%
• Return on Equity: -34.62%
• Return on Assets: -6.37%

Debt

• Debt-to-Equity Ratio: 5.14
• Current Ratio: 2.12
• Quick Ratio: 2.12

Sales & Book Value

• Annual Sales: $87.64 million
• Price / Sales: 0.35
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.53 per share
• Price / Book: 0.23

Miscellaneous

• Outstanding Shares: 17,827,000
• Free Float: 15,563,000
• Market Cap: $30.75 million
• Optionable: Optionable
• Beta: 1.47