YOLFTbeta
Spruce Power Holding Corp

Spruce Power Holding Corp

SPRU · NYSE · Technology / Solar

1.42USD+0.03 (+2.16%)

Price History

Full chart

Market Stats

Previous Close1.39
Open1.45
Day Range1.40 – 1.50
52-Week Range1.47 – 6.75
Volume36.89K
Market Cap34.85M
P/E (TTM)0.00
Forward P/E45.25
EPS-0.39
Dividend Yield0.00%
Beta1.19
50-Day Avg1.97
200-Day Avg3.46

About

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third party-owned solar energy systems with portfolio managed services, including billing and collections/asset recovery, account support services, financial asset management, homeowner support and servicing technology, asset operations, and transaction and execution services related to SRECs; and Spruce Pro, which offers third-party owners a range of services for residential, commercial, and industrial assets. Spruce Power Holding Corporation was founded in 2009 and is headquartered in Houston, Texas

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Christopher M. Hayes
  • Employees159
  • Headquarters820 Gessner Rd, Houston, TX, United States, 77024, USA
  • Websitehttps://www.sprucepower.com

Leadership

  • Mr. Christopher M. HayesPresident, CEO & Chairman · b. 1974
  • Mr. Thomas J. CiminoCFO & Head of Sustainability Officer · b. 1968
  • Mr. Bobby L. OwensGeneral Counsel
  • Mr. Joe PettitVice President of Corporate Development
  • Daniel GarciaVice President of Human Resources
  • Mr. Richard DiMatteoHead of Spruce Pro & Senior VP
  • Mr. Derick Smith CPACOO of Spruce Servicing
  • Mr. Chris HaydenSVP of IT & Enterprise Applications. · b. 1974

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue9.54M7.21M20.34M15.60M23.19M79.86M82.11M111.81M
Growth (%)--24.41%+181.88%-23.30%+48.68%+244.31%+2.81%+36.18%
Cost of Revenue11.01M8.07M17.59M16.30M9.95M37.81M39.97M38.90M
Gross Profit-1.47M-860.00K2.74M-696.00K13.24M42.05M42.13M72.91M
Gross Margin-15.39%-11.92%13.49%-4.46%57.11%52.65%51.31%65.21%
Operating Expense11.23M12.71M18.04M34.40M73.12M56.12M92.53M55.11M
Operating Income-12.70M-13.57M-15.29M-35.09M-59.87M-14.08M-50.39M17.80M
Operating Margin-133.00%-188.07%-75.20%-224.96%-258.14%-17.63%-61.37%15.92%
EBITDA-12.44M-12.43M-14.67M52.64M-34.82M1.03M-8.56M55.47M
EBITDA Margin-130.28%-172.29%-72.14%337.44%-150.13%1.30%-10.43%49.61%
Net Income-12.90M-14.90M-31.34M28.79M-93.93M-65.83M-70.49M-26.03M
Net Income Margin-135.18%-206.53%-154.09%184.55%-404.98%-82.43%-85.85%-23.28%
R&D1.89M2.87M4.45M10.78M9.82M---
R&D as % of Total Revenue19.83%39.83%21.86%69.07%42.33%---
Interest Expense-2.15M6.37M39.00K11.40M41.94M40.23M50.92M
Interest Expense % of Total Revenue-29.81%31.32%0.25%49.15%52.51%49.00%45.54%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets13.54M9.25M347.01M393.22M895.90M895.02M898.48M837.27M
Total Liabilities12.70M22.95M158.12M31.41M606.93M680.35M752.33M716.02M
Total Equity846.00K-13.70M188.90M361.81M279.95M212.34M143.71M118.83M
Cash5.68M3.39M329.64M351.68M240.14M141.35M72.80M54.84M
Total Debt3.89M13.73M208.00K241.00K503.01M625.68M711.07M681.89M
Net Debt-1.79M10.35M-329.43M-351.44M262.87M484.32M638.27M627.05M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-13.29M-11.55M-19.88M-48.49M-63.49M-33.66M-41.81M-3.53M
Investing Cash Flow-146.00K-28.00K-145.00K-14.83M-29.01M-16.73M-101.41M24.78M
Financing Cash Flow6.51M9.21M346.28M85.36M-19.19M-16.81M79.43M-37.25M
Capital Expenditure146.00K28.00K145.00K3.64M987.00K499.00K354.00K221.00K
Free Cash Flow-13.44M-11.58M-20.03M-52.13M-63.49M-34.16M-42.16M-3.75M
Dividends Paid10.00K10.00K00----
FCF to OCF101.10%100.24%100.73%107.51%100.00%101.48%100.85%106.26%
Dividend Paid to FCF-0.07%-0.09%0.00%0.00%----

Earnings

Report DateSep 30, 2019Dec 31, 2019May 14, 2020Aug 14, 2020Dec 2, 2020Mar 31, 2021May 17, 2021Aug 12, 2021Nov 15, 2021Mar 1, 2022May 10, 2022Aug 9, 2022Nov 9, 2022Feb 1, 2023May 15, 2023Aug 10, 2023Nov 9, 2023Mar 14, 2024May 15, 2024Aug 14, 2024Nov 13, 2024Mar 31, 2025May 13, 2025Aug 12, 2025Nov 12, 2025May 14, 2026Aug 12, 2026Nov 10, 2026
EPS Estimate------0.09-0.28-0.44-0.80-0.11-1.36-1.36-1.28-0.17-0.19-0.21-0.21---0.07-0.100.00------
EPS Actual0.190.15-0.08-0.03-0.09-0.06-0.54-0.68-0.84-0.05-0.64-0.66-0.72-0.30-0.130.02-1.11-1.60-0.13-0.15-0.24-0.32-0.32-0.16-0.05-0.160.14-
Surprise-----33.33%-92.86%-54.55%-5.00%54.55%52.94%51.47%43.75%-76.16%33.23%109.65%-433.40%---114.29%-140.00%-------
Timing-----After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-Pre-market-After-hours-After-hoursAfter-hours

Key Statistics & Ratios

Market Cap34.85M
Enterprise Value659.54M
Trailing P/E0.00
Forward P/E45.25
Price / Sales0.32
Price / Book0.31
EPS-0.39
Book Value6.26
Revenue (TTM)108.49M
Gross Profit (TTM)72.04M
EBITDA52.37M
Profit Margin-6.76%
Operating Margin30.67%
Return on Equity-5.47%
Return on Assets1.78%
Shares Outstanding19.25M
Shares Float14.92M
Beta1.19
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
33.81%
Insiders
12.37%
Retail / Other
53.82%

Top Institutional Holders

  • Steel Partners Holdings LP
    3.43M17.81%
  • JPMorgan Chase & Co
    773.00K4.02%
  • Vanguard Capital Management, LLC
    633.92K3.29%
  • BlackRock Inc
    247.64K1.29%
  • Renaissance Technologies Corp
    236.23K1.23%
  • Geode Capital Management, LLC
    201.13K1.04%
  • Jane Street Group LLC
    174.58K0.91%
  • Two Sigma Investments LLC
    132.53K0.69%
  • Vanguard Fiduciary Trust Co
    101.84K0.53%
  • State Street Corp
    91.24K0.47%
  • GSA Capital Partners LLP
    78.88K0.41%
  • Marshall Wace Asset Management Ltd
    64.30K0.33%
  • Dimensional Fund Advisors, Inc.
    53.61K0.28%
  • Bridgeway Capital Management, LLC
    44.02K0.23%
  • CI Private Wealth LLC
    37.67K0.20%
  • Northern Trust Corp
    35.10K0.18%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    423.21K2.20%
  • Fidelity Extended Market Index
    93.52K0.49%
  • iShares Micro-Cap ETF
    56.22K0.29%
  • Fidelity Total Market Index
    30.66K0.16%

Stock Splits

  • Oct 9, 20231:8