Spruce Power Holding AI Stock Analysis
Want to see SPRU full AI Analyst Report?
Spruce Power Holding (SPRU) AI Stock Analysis
Spruce Power Holding
(NYSE:SPRU)
Spruce Power Holding's overall score is heavily weighed down by a highly leveraged balance sheet, active going concern risks, and a prevailing technical downtrend. While the company has executed a striking structural turnaround with significant cost reductions and a return to positive free cash flow, its massive debt burden and negative trailing valuation metrics require a successful refinancing execution before long-term stability can be realized.
Spruce Power Holding (SPRU) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $26.76M
- Dividend Yield
- ―
- Average Volume (3M)
- 114.75K
- Price to Earnings (P/E)
- -20.3
- Beta (1Y)
- 1.07
- Revenue Growth
- -0.67%
- EPS Growth
- 96.43%
- Country
- US
- Employees
- 159
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Solar
Spruce Power Holding Business Overview & Revenue Model
Company Description
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 price...
Spruce Power Holding Earnings Call Summary
The call presented meaningful operational improvements, including lower SG&A, stronger year-to-date adjusted operating cash flow, debt repayments, staffing reductions and progress on a refinancing term sheet. However, these positives were offset by lower revenue and electricity production, higher quarterly O&M costs, seasonal fourth-quarter pressure and significant refinancing, liquidity and going concern risks. The call's overall tone was balanced, with refinancing execution remaining the critical unresolved issue.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management said fourth quarter revenue is typically affected by seasonal solar production, with “definitely a Q4 seasonal adjustment from Q3”; regarding the prior-year “20%” sequential decline, Tom said, “The 20% number, I'm not really sure of.” SG&A expense in Q3 was “not a full run rate,” “could taper down in future quarters,” and management “would expect something less,” while O&M expense is “in line with plan” and the company remains “on track to reduce our O&M expense for the full year”; O&M expense for the first 9 months of 2026 was approximately 13% below the prior year period. Balance-sheet priorities for the remainder of the year are to preserve liquidity and advance the refinancing process, with the nonbinding term sheet satisfying the condition to extend the SP1 maturity to January 30, 2027, although the proposed transaction remains subject to negotiation, definitive documentation and closing conditions.
Spruce Power Holding Financial Statement Overview
Summary
SPRU shows an impressive operational turnaround characterized by a return to positive cash flow generation ($10.4M TTM) and strong gross profit margins (65.9%). However, the score is heavily penalized by a highly leveraged balance sheet featuring an elevated debt-to-equity ratio of 5.54 and shrinking equity base.
Income Statement
70PositiveBalance Sheet
35NegativeCash Flow
75Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 107.49M | 111.81M | 82.11M | 79.86M | 23.19M | 0 |
| Gross Profit | 72.57M | 72.91M | 42.13M | 42.05M | 13.24M | 0 |
| EBITDA | 55.55M | 55.47M | -8.56M | 1.03M | -34.82M | 53.29M |
| Net Income | -436.00K | -26.03M | -70.49M | -65.83M | -93.93M | 28.79M |
Balance Sheet | ||||||
| Total Assets | 806.82M | 837.27M | 898.48M | 895.02M | 895.90M | 393.22M |
| Cash, Cash Equivalents and Short-Term Investments | 40.06M | 54.84M | 72.80M | 141.35M | 240.14M | 351.68M |
| Total Debt | 647.10M | 681.89M | 711.07M | 625.68M | 503.01M | 241.00K |
| Total Liabilities | 677.26M | 716.02M | 752.33M | 680.35M | 606.93M | 31.41M |
| Stockholders Equity | 129.56M | 118.83M | 143.71M | 212.34M | 279.95M | 361.81M |
Cash Flow | ||||||
| Free Cash Flow | 10.45M | -3.75M | -42.16M | -34.16M | -63.49M | -52.13M |
| Operating Cash Flow | 10.45M | -3.53M | -41.81M | -33.66M | -63.49M | -48.49M |
| Investing Cash Flow | 29.25M | 24.78M | -101.41M | -16.73M | -29.01M | -14.83M |
| Financing Cash Flow | -51.13M | -37.25M | 79.43M | -16.81M | -19.19M | 85.36M |
Spruce Power Holding Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPRU, the sentiment is Negative. The current price of 1.42 is above the 20-day moving average (MA) of 1.38, below the 50-day MA of 1.56, and below the 200-day MA of 2.78, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 49.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPRU.
Spruce Power Holding Risk Analysis
Spruce Power Holding disclosed 1 risk factors in its most recent earnings report. Spruce Power Holding reported the most risks in the "Legal & Regulatory" category.
Latest Risks Added
3 New RisksSpruce Power Holding Peers Comparison
Overall Rating
TURB54Neutral- SPRU51Neutral
BEEM46Neutral
SMXT40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| TURB | 54Neutral | $10.56M | 3.79 | 12.90% | ― | 209.90% | ― |
| SPRU | 51Neutral | $26.76M | -20.29 | -0.36% | ― | -0.67% | 96.43% |
| BEEM | 46Neutral | $16.29M | -0.78 | -73.59% | ― | -20.49% | 43.15% |
| SMXT | 40Underperform | $20.20M | -2.25 | 62.85% | ― | 284.69% | 60.47% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SPRU | Spruce Power Holding Corporation | 1.42 | -3.69 | -72.21% | |
| BEEM | Beam Global | 0.68 | -1.15 | -62.95% | |
| TURB | Turbo Energy, S.A. Sponsored ADR | 0.85 | -0.55 | -39.36% | |
| SMXT | SolarMax Technology, Inc. | 4.11 | -7.60 | -64.89% |
Spruce Power Holding Corporate Events
Spruce Power Amends Credit Agreement, Plans Facility Refinancing
NeutralOn October 30, 2026, certain Spruce Power subsidiaries amended their KeyBank credit agreement, replacing specified refinancing-document delivery requirements with a comprehensive long-term financial model due November 9, 2026. The amendment also cond...
Spruce Power Shifts Corporate Domicile From Delaware to Texas
NeutralSpruce Power Holding Corporation is changing its state of incorporation from Delaware to Texas, a redomiciliation approved by its board on May 1, 2026 and by approximately 86% of shareholders at the reconvened annual meeting on August 25, 2026. The c...
Spruce Power Board Changes Highlight Major Shareholder Influence
NeutralOn September 10, 2026, Spruce Power director Clara Nagy McBane submitted her resignation from the board, contingent on agreement over the treatment of her outstanding equity awards and confirmation of ongoing indemnification and directors and officer...
Spruce Power Shareholders Approve Directors, Redomiciling to Texas
PositiveOn August 25, 2026, Spruce Power reconvened its 2026 annual meeting of stockholders, originally convened on August 11 and adjourned after shareholders approved a proposal to postpone the session. At the reconvened meeting, investors elected two Class...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 13, 2026