SPRU Chart
About

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners and businesses 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 Denver, Colorado.

Fundamentals
Scroll to Statements
Sector Technology Industry Solar Market Cap 69.50M
Enterprise Value 707.59M Income -25.01M Sales 108.01M
Book/sh 6.87 Cash/sh 3.19 Dividend Yield
Payout 0.00% Employees 165 IPO
P/E Forward P/E -4.97 PEG
P/S 0.64 P/B 0.56 P/C
EV/EBITDA 19.08 EV/Sales 6.55 Quick Ratio 0.31
Current Ratio 0.51 Debt/Eq 544.24 LT Debt/Eq
EPS (ttm) -1.32 EPS next Y -0.77 EPS Growth
Revenue Growth 43.70% Earnings 2026-03-30 ROA 0.82%
ROE -17.41% ROIC Gross Margin 61.65%
Oper. Margin 27.49% Profit Margin -23.23% Shs Outstand 18.17M
Shs Float 14.45M Short Float 5.03% Short Ratio 12.58
Short Interest 52W High 6.75 52W Low 1.13
Beta 1.42 Avg Volume 70.34K Volume 12.20K
Target Price Recom None Prev Close $3.86
Price $3.83 Change -0.91%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$3.74
Latest analyst target
3. DCF / Fair value
$-12.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.74
Low
High
Mean
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 24073 96307 Purchase at price 3.60 - 4.15 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2026-03-11 00:00:00 I
1 137 699 Purchase at price 5.10 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2026-01-15 00:00:00 I
2 19920 100940 Purchase at price 5.03 - 5.10 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2026-01-14 00:00:00 I
3 8702 43782 Purchase at price 5.03 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2025-12-31 00:00:00 I
4 10208 51303 Purchase at price 5.02 - 5.05 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2025-12-29 00:00:00 I
5 17033 85989 Purchase at price 5.00 - 5.05 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2025-12-23 00:00:00 I
6 82212 411049 Purchase at price 4.99 - 5.05 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2025-12-18 00:00:00 I
7 40000 202280 Sale at price 5.06 per share. NAGY MCBANE CLARA Director 2025-12-15 00:00:00 D
8 38430 194571 Purchase at price 5.05 - 5.10 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2025-12-15 00:00:00 I
9 68289 348075 Purchase at price 5.09 - 5.10 per share. STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security 2025-12-09 00:00:00 I
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.0023.52M
TaxRateForCalcs0.000.000.000.27
NormalizedEBITDA27.81M28.35M-50.63M-34.47M
TotalUnusualItems-36.37M-27.32M15.81M87.11M
TotalUnusualItemsExcludingGoodwill-36.37M-27.32M15.81M87.11M
NetIncomeFromContinuingOperationNetMinorityInterest-70.51M-61.71M-53.82M52.60M
ReconciledDepreciation21.28M21.59M6.46M0.00
ReconciledCostOfRevenue39.97M37.81M9.95M0.00
EBITDA-8.56M1.03M-34.82M52.64M
EBIT-29.85M-20.55M-41.28M52.64M
NetInterestIncome-17.47M-22.40M-10.06M-39.00K
InterestExpense40.23M41.94M11.40M39.00K
InterestIncome22.76M19.53M1.34M
NormalizedIncome-34.14M-34.39M-69.63M-10.99M
NetIncomeFromContinuingAndDiscontinuedOperation-70.49M-65.83M-93.93M28.79M
TotalExpenses98.86M93.94M83.07M35.09M
TotalOperatingIncomeAsReported-50.39M-36.82M-59.29M-35.09M
DilutedAverageShares18.47M18.39M17.84M18.56M
BasicAverageShares18.47M18.39M17.84M17.31M
DilutedEPS-3.82-3.58-5.281.52
BasicEPS-3.82-3.58-5.281.68
DilutedNIAvailtoComStockholders-70.49M-65.83M-93.93M28.79M
NetIncomeCommonStockholders-70.49M-65.83M-93.93M28.79M
NetIncome-70.49M-65.83M-93.93M28.79M
MinorityInterests-436.00K779.00K-1.14M0.00
NetIncomeIncludingNoncontrollingInterests-70.05M-66.61M-92.79M28.79M
NetIncomeDiscontinuousOperations25.00K-4.12M-40.11M-23.81M
NetIncomeContinuousOperations-70.08M-62.49M-52.68M52.60M
PretaxIncome-70.08M-62.49M-52.68M52.60M
OtherIncomeExpense-35.85M-26.01M17.26M87.73M
OtherNonOperatingIncomeExpenses525.00K1.31M1.45M623.00K
SpecialIncomeCharges-33.64M-22.74M5.11M-3.03M
GainOnSaleOfPPE2.50M4.72M580.00K-26.00K
OtherSpecialCharges7.38M27.46M-4.53M
WriteOff0.003.00M
ImpairmentOfCapitalAssets28.76M0.00
GainOnSaleOfSecurity-2.74M-4.58M10.70M90.14M
NetNonOperatingInterestIncomeExpense-17.47M-22.40M-10.06M-39.00K
InterestExpenseNonOperating40.23M41.94M11.40M39.00K
InterestIncomeNonOperating22.76M19.53M1.34M
OperatingIncome-16.76M-14.08M-59.87M-35.09M
OperatingExpense58.89M56.12M73.12M35.09M
ResearchAndDevelopment10.78M
SellingGeneralAndAdministration58.89M56.12M73.12M35.09M
GrossProfit42.13M42.05M13.24M0.00
CostOfRevenue39.97M37.81M9.95M0.00
TotalRevenue82.11M79.86M23.19M0.00
OperatingRevenue82.11M79.86M23.19M0.00
Line Item2024-12-312023-12-31
TreasurySharesNumber1.09M800.65K
OrdinarySharesNumber18.31M18.29M18.05M17.57M
ShareIssued19.40M19.09M18.05M17.57M
NetDebt632.53M477.43M279.43M
TotalDebt711.07M625.68M503.01M142.00K
TangibleBookValue134.76M173.39M151.40M361.81M
InvestedCapital849.04M831.12M779.70M361.81M
WorkingCapital76.86M131.63M215.26M357.97M
NetTangibleAssets134.76M173.39M151.40M361.81M
CapitalLeaseObligations5.74M6.90M3.26M142.00K
CommonStockEquity143.71M212.34M279.95M361.81M
TotalCapitalization820.74M803.21M754.39M361.81M
TotalEquityGrossMinorityInterest146.15M214.67M288.98M361.81M
MinorityInterest2.44M2.33M9.03M0.00
StockholdersEquity143.71M212.34M279.95M361.81M
TreasuryStock6.28M5.42M0.00
RetainedEarnings-328.38M-257.89M-193.34M-99.41M
AdditionalPaidInCapital478.37M475.65M473.29M461.21M
CapitalStock2.00K2.00K2.00K14.00K
CommonStock2.00K2.00K2.00K14.00K
TotalLiabilitiesNetMinorityInterest752.33M680.35M537.58M31.41M
TotalNonCurrentLiabilitiesNetMinorityInterest692.76M608.64M477.88M14.78M
OtherNonCurrentLiabilities7.67M9.15M10.00K541.00K
LiabilitiesHeldforSaleNonCurrent40.00K170.00K294.00K4.22M
PreferredSecuritiesOutsideStockEquity85.00K0.00
DerivativeProductLiabilities385.00K860.00K256.00K5.41M
TradeandOtherPayablesNonCurrent0.004.52M
NonCurrentDeferredLiabilities2.79M1.86M452.00K0.00
NonCurrentDeferredRevenue2.79M1.86M452.00K0.00
LongTermDebtAndCapitalLeaseObligation681.87M596.60M476.87M91.00K
LongTermCapitalLeaseObligation4.85M5.73M2.43M91.00K
LongTermDebt677.02M590.87M474.44M21.00K
CurrentLiabilities59.57M71.71M59.70M16.63M
OtherCurrentLiabilities61.00K9.10M9.64M
CurrentDeferredLiabilities1.19M878.00K240.00K278.00K
CurrentDeferredRevenue1.19M878.00K39.00K0.00
CurrentDebtAndCapitalLeaseObligation29.20M29.08M26.15M51.00K
CurrentCapitalLeaseObligation892.00K1.17M834.00K51.00K
CurrentDebt28.31M27.91M25.31M78.00K
OtherCurrentBorrowings28.31M27.91M25.31M78.00K
PensionandOtherPostRetirementBenefitPlansCurrent4.41M3.24M6.53M0.00
PayablesAndAccruedExpenses24.70M38.52M17.69M6.66M
CurrentAccruedExpenses22.58M36.65M14.78M5.96M
InterestPayable8.45M8.59M6.59M0.00
Payables2.12M1.87M2.90M697.00K
TotalTaxPayable1.14M752.00K0.00
AccountsPayable987.00K1.12M2.90M697.00K
TotalAssets898.48M895.02M826.55M393.22M
TotalNonCurrentAssets762.05M691.68M551.60M18.62M
OtherNonCurrentAssets255.00K289.00K383.00K18.22M
NonCurrentDeferredAssets3.72M2.45M1.63M0.00
FinancialAssets18.41M16.55M22.07M0.00
InvestmentsAndAdvances136.94M143.09M0.00
OtherInvestments136.94M143.09M0.00
GoodwillAndOtherIntangibleAssets8.96M38.95M128.55M0.00
OtherIntangibleAssets8.96M10.20M1.86M
Goodwill0.0028.76M128.55M0.00
NetPPE593.76M490.34M398.97M398.00K
AccumulatedDepreciation-53.14M-30.02M-6.22M-189.00K
GrossPPE646.90M520.36M405.19M587.00K
Leases30.00K59.00K65.00K0.00
OtherProperties646.00M519.62M404.60M146.00K
MachineryFurnitureEquipment875.00K687.00K522.00K441.00K
Properties0.000.000.000.00
CurrentAssets136.43M203.34M274.96M374.61M
OtherCurrentAssets6.01M9.88M5.32M310.00K
HedgingAssetsCurrent6.26M11.33M10.18M0.00
AssetsHeldForSaleCurrent0.0010.98M22.47M
RestrictedCash36.35M31.59M19.82M150.00K
PrepaidAssets1.04M
Inventory15.26M
InventoriesAdjustmentsAllowances-2.86M
OtherInventories18.12M
Receivables15.01M9.19M8.34M0.00
AccountsReceivable15.01M9.19M8.34M0.00
AllowanceForDoubtfulAccountsReceivable-800.00K-1.70M-12.20M-148.00K
GrossAccountsReceivable15.81M10.89M20.54M6.62M
CashCashEquivalentsAndShortTermInvestments72.80M141.35M220.32M351.68M
CashAndCashEquivalents72.80M141.35M220.32M351.68M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-42.16M-34.16M-63.49M-48.49M
RepurchaseOfCapitalStock-853.00K-5.42M0.00
RepaymentOfDebt-155.94M-33.01M-9.54M0.00
IssuanceOfDebt239.84M21.40M0.000.00
IssuanceOfCapitalStock0.00150.00K0.000.00
CapitalExpenditure-354.00K-499.00K-3.64M
InterestPaidSupplementalData35.06M37.48M12.37M48.00K
EndCashPosition109.15M172.94M240.14M351.83M
BeginningCashPosition172.94M240.14M351.83M329.79M
ChangesInCash-63.79M-67.20M-111.68M22.04M
FinancingCashFlow79.43M-16.81M-19.19M85.36M
CashFromDiscontinuedFinancingActivities81.00K0.00-99.00K-502.00K
CashFlowFromContinuingFinancingActivities79.35M-16.81M-19.09M85.86M
NetOtherFinancingCharges-3.70M-925.00K-10.18M75.00K
ProceedsFromStockOptionExercised0.001.00M630.00K85.78M
CashDividendsPaid0.00
NetCommonStockIssuance-853.00K-5.27M0.000.00
CommonStockPayments-853.00K-5.42M0.00
CommonStockIssuance0.00150.00K0.000.00
NetIssuancePaymentsOfDebt83.90M-11.61M-9.54M0.00
NetShortTermDebtIssuance0.00
ShortTermDebtPayments0.00
ShortTermDebtIssuance0.00
NetLongTermDebtIssuance83.90M-11.61M-9.54M0.00
LongTermDebtPayments-155.94M-33.01M-9.54M0.00
LongTermDebtIssuance239.84M21.40M0.000.00
InvestingCashFlow-101.41M-16.73M-29.01M-14.83M
CashFromDiscontinuedInvestingActivities0.00325.00K1.29M-11.83M
CashFlowFromContinuingInvestingActivities-101.41M-17.06M-30.30M-3.00M
NetOtherInvestingChanges6.30M2.29M-3.00M
NetInvestmentPurchaseAndSale25.61M20.24M0.00
SaleOfInvestment25.61M20.24M0.00
NetBusinessPurchaseAndSale-132.76M-43.10M-32.59M0.00
PurchaseOfBusiness-132.76M-43.10M-32.59M0.00
NetPPEPurchaseAndSale5.74M5.80M2.29M0.00
SaleOfPPE6.09M6.30M2.29M0.00
PurchaseOfPPE-354.00K-499.00K0.00-3.64M
OperatingCashFlow-41.81M-33.66M-63.49M-48.49M
CashFromDiscontinuedOperatingActivities-125.00K-1.95M-15.77M-20.31M
CashFlowFromContinuingOperatingActivities-41.69M-31.71M-47.72M-28.18M
ChangeInWorkingCapital-14.25M9.90M1.43M-1.00M
ChangeInOtherWorkingCapital1.24M236.00K-1.13M103.00K
ChangeInOtherCurrentLiabilities-9.00K5.00K0.00
ChangeInOtherCurrentAssets2.00K126.00K0.00-31.00K
ChangeInPayablesAndAccruedExpense-15.70M11.84M3.58M-1.96M
ChangeInAccruedExpense-15.57M13.62M5.28M-1.38M
ChangeInPayable-133.00K-1.78M-1.70M-577.00K
ChangeInAccountPayable-133.00K-1.78M-1.70M-577.00K
ChangeInPrepaidAssets3.71M-2.39M-1.57M954.00K
ChangeInInventory-10.41M
ChangeInReceivables-3.49M85.00K553.00K0.00
ChangesInAccountReceivables-3.49M85.00K553.00K0.00
OtherNonCashItems-11.73M-5.29M1.05M-554.00K
StockBasedCompensation2.71M2.88M10.00M7.88M
AssetImpairmentCharge30.14M1.84M1.84M3.00M
DepreciationAmortizationDepletion21.28M21.59M6.46M0.00
DepreciationAndAmortization21.28M21.59M6.46M0.00
OperatingGainsLosses232.00K-147.00K-15.81M-90.11M
GainLossOnInvestmentSecurities2.74M4.58M-10.70M-90.14M
NetIncomeFromContinuingOperations-70.08M-62.49M-52.68M52.60M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SPRU
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status