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: $1.40 to $1.60
• 50-Day Range: $1.47 to $2.15
• 52-Week Range: $1.40 to $3.60
• Volume: 136,299 shs
• Average Volume: 64,496 shs
• Market Capitalization: $26.12 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 5% of companies evaluated by MarketBeat, and ranked 645th out of 664 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 -0.33, 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 -0.33, 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 0.19. 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

4.58% 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 6.8.

Change versus previous month

Short interest in Spruce Power has recently decreased by 1.31%, 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

4.58% 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 6.8.

Change versus previous month

Short interest in Spruce Power has recently decreased by 1.31%, indicating that investor sentiment is improving.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Spruce Power this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Spruce Power insiders have not sold or bought any company stock.

Percentage Held by Insiders

12.70% of the stock of Spruce Power is held by insiders. A high percentage of insider ownership can be a sign of company health.

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 $2.97 at the beginning of the year. Since then, SPRU shares have decreased by 50.7% and is now trading at $1.4650.

How were Spruce Power's earnings last quarter?

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

When did Spruce Power's stock split?

Spruce Power's stock reverse split on the morning of 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 of Directors approved a share buyback plan on Wednesday, May 14th 2025, which authorizes the company to repurchase $50,000,000 in shares, according to EventVestor. This means that the company could purchase up to 164.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is 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: 7/19/2025
• Next Earnings (Estimated): 8/13/2025
• 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: $82.11 million
• Price / Sales: 0.32
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.53 per share
• Price / Book: 0.19

Miscellaneous

• Outstanding Shares: 17,830,000
• Free Float: 15,563,000
• Market Cap: $26.12 million
• Optionable: Optionable
• Beta: 1.47