Spruce Power Holding Corp Ordinary Shares - Class A SPRU
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if SPRU is a good fit for your portfolio.
News
-
Spruce Power Holding Corporation Announces Leadership Changes
-
Spruce Power Reports Fourth Quarter and Full-Year 2023 Results
-
Spruce Power to Release Fourth Quarter and Full-Year 2023 Results and Host Conference Call on March 14
-
Spruce Power Holding to Pay $11 Million Penalty to Settle Claims of Misleading Investors
Trading Information
- Previous Close Price
- $3.30
- Day Range
- $3.25–3.54
- 52-Week Range
- $3.09–8.40
- Bid/Ask
- $3.00 / $4.20
- Market Cap
- $63.86 Mil
- Volume/Avg
- 42,756 / 49,235
Key Statistics
- Price/Earnings (Normalized)
- —
- Price/Sales
- 0.80
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- 8.26%
Company Profile
Spruce Power Holding Corp is a leading owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to approximately 75,000 home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company’s primary customers are homeowners and the Company’s core solar service offerings generate revenues primarily through (i) the sale of electricity generated by its home solar energy systems to homeowners, (ii) third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and (iii) the servicing of those agreements for other institutional owners of home solar energy systems.
- Sector
- Technology
- Industry
- Solar
- Stock Style Box
- Small Value
- Total Number of Employees
- 142
- Website
- https://www.sprucepower.com
Comparables
Valuation
|
Metric
|
SPRU
|
NOVA
|
ENVX
|
|---|---|---|---|
Price/Earnings (Normalized) | — | — | — |
Price/Book Value | 0.30 | 0.31 | 3.90 |
Price/Sales | 0.80 | 0.64 | 125.46 |
Price/Cash Flow | — | — | — |
Price/Earnings
SPRU
NOVA
ENVX
Financial Strength
|
Metric
|
SPRU
|
NOVA
|
ENVX
|
|---|---|---|---|
Quick Ratio | 2.10 | 0.64 | 5.07 |
Current Ratio | 2.84 | 0.85 | 5.30 |
Interest Coverage | −0.96 | −0.67 | −50.35 |
Quick Ratio
SPRU
NOVA
ENVX
Profitability
|
Metric
|
SPRU
|
NOVA
|
ENVX
|
|---|---|---|---|
Return on Assets (Normalized) | −4.01% | −3.47% | −28.18% |
Return on Equity (Normalized) | −13.33% | −24.19% | −48.87% |
Return on Invested Capital (Normalized) | −1.33% | −0.99% | −37.53% |
Return on Assets
SPRU
NOVA
ENVX
Solar Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
FSLR
| First Solar Inc | Zdvqdjqg | Pdksb | $19.0 Bil | |
ENPH
| Enphase Energy Inc | Jdlhdzrjf | Pft | $15.2 Bil | |
XNYIF
| Xinyi Solar Holdings Ltd | — | Bvdpwz | $6.2 Bil | |
XISHY
| Xinyi Solar Holdings Ltd ADR | — | Vpmfyh | $6.1 Bil | |
NXT
| NEXTracker Inc Ordinary Shares - Class A | Hxfhszb | Djz | $6.1 Bil | |
GCPEF
| GCL Technology Holdings Ltd | — | Ynlb | $3.8 Bil | |
SEDG
| SolarEdge Technologies Inc | Tnrjyhxt | Mcc | $3.3 Bil | |
RUN
| Sunrun Inc | Rltpqzylr | Sfxt | $2.2 Bil | |
SHLS
| Shoals Technologies Group Inc Ordinary Shares - Class A | Pmwhfxtvq | Kyy | $1.4 Bil | |
SPWR
| SunPower Corp | Fqb | Wtc | $396.6 Mil |