Spruce Power Holding Corporation (SPRU) Stock Price & Analysis
Spruce Power Holding Corporation (SPRU) is trading at USD 1.33, up 0.00% today, as of October 23, 2026 at 16:17 UTC (US market open; quotes may be delayed), according to Nexqual market data.
SPRU last closed at USD 1.33; today's session has ranged USD 1.3–1.34 on volume of 8,573 shares. Market capitalization is $25.61M, with a 52-week range of USD 1.29–6.75 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SPRU.md
Key facts (SPRU)
- Last four reported quarters (through Jun 30, 2026): revenue $109M, net income -$7.3M (-6.8% margin), free cash flow $2.0M (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $43K; 1 not under a Rule 10b5-1 plan ($43K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 4 Form 4 filings, $275K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y -51.1% vs S&P 500 +14.6%; 5Y -97.0% vs S&P 500 +77.3%.
- Next earnings: 2026-11-10, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SPRU)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $0K | $23.2M | $79.9M | $82.1M | $112M | $109M |
| Gross profit | -$696K | $13.2M | $42.0M | — | — | — |
| Operating income | -$35.1M | -$59.3M | -$36.8M | -$50.4M | $17.9M | $24.4M |
| Net income | $28.8M | -$93.9M | -$65.8M | -$70.5M | -$26.0M | -$7.3M |
| EPS (diluted) | $1.52 | -$5.27 | -$3.58 | -$3.82 | -$1.44 | — |
| Free cash flow | -$52.1M | -$63.5M | -$34.2M | -$42.2M | -$3.8M | $2.0M |
| Gross margin | — | 57.1% | 52.7% | — | — | — |
| Operating margin | — | -255.6% | -46.1% | -61.4% | 16.0% | 22.4% |
| Net margin | — | -405.0% | -82.4% | -85.9% | -23.3% | -6.8% |
| Revenue growth | -100.0% | — | +244.3% | +2.8% | +36.2% | — |
| Cash + short-term investments | $352M | $220M | $141M | $72.8M | $54.8M | — |
| Total debt | $78K | $533M | $647M | $731M | $696M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SPRU)
P/S 0.2x · EV/EBITDA 12.1x · EV/Sales 6.1x · P/FCF 13.0x · P/B 0.2x · FCF yield 7.71% · Earnings yield -28.62% · Net debt $635M · EV $660M
Insider sales (SEC Form 4, open-market, last ~7 months) (SPRU)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-15 | Norling Jonathan McWhinnie | Chief Legal Officer | 15,000 | $43K | 3.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (SPRU)
4 purchases, $275K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-04-20 | Steel Partners Holdings L.P. | 24,335 | $100K | 4.13 | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-04-15…2026-04-17 | Steel Partners Holdings L.P. | 14,244 | $58K | 4.08 | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-04-10…2026-04-14 | Steel Partners Holdings L.P. | 9,702 | $39K | 4.03 | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-04-07…2026-04-09 | Steel Partners Holdings L.P. | 19,532 | $78K | 3.99 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (SPRU)
Consensus None.
Total return (dividends reinvested) (SPRU)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -51.1% | -97.0% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -51.1% | -50.3% |
| Volatility (annualized) | 91.6% | 76.0% |
| Max drawdown | -79.7% (Jan 2026→Oct 2026) | -97.3% (Oct 2021→Jul 2025) |
SPRU revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| PPA revenues | $12.2M | 40.2% | +0.7% |
| SLA revenues | $10.3M | 34.0% | +3.2% |
| Solar renewable energy credit revenues | $6.1M | 20.1% | -15.2% |
| Other revenue | $1.0M | 3.4% | +25.1% |
| Servicing revenues | $382,000 | 1.3% | -47.7% |
| Performance-based incentives | $214,000 | 0.7% | -87.0% |
| Intangibles amortization, unfavorable solar renewable energy revenue agreements | $93,000 | 0.3% | -87.6% |
| Total revenue | $30.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SPRU suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Parker-Hannifin Corp (PH) | “The case related to a contract for the purchase of motors designed, produced and manufactured by Parker-Hannifin for XL Hybrids, Inc. which was executed in July 2019.” |
| Customer | XL Fleet | “Historically, as XL Fleet Corp. ("XL Fleet"), we provided fleet electrification solutions for commercial vehicles in North America, offering our systems for vehicle electrification (the "Drivetrain" business) and offering and installing charging stations to enable customers to develop charging infrastructure required for electrified vehicles (the "XL Grid" business).” |
| Partner | Banco Santander, S.A. (SAN) | “In November 2024, we entered into a non-recourse credit agreement with Banco Santander, S.A., New York (the "SP5 Facility"), which provided a term loan of approximately $109.8 million, of which proceeds were used to partially fund the NJR Acquisition described above.” |
| Partner | Barings GPSF | “In June 2024, we entered into a non-recourse credit agreement with Barings GPSF LLC (the "SET Facility"), which provided a fixed interest term loan of $130.0 million.” |
Quoted from the company's 10-K filed Mar 31, 2026.
SPRU customer concentration
In the period ended Jun 30, 2026, a single direct customer accounted for 13% of revenue, per the company's 10-Q filed Aug 13, 2026. The company does not name it.
SPRU analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Jun 2025) | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
SPRU options: expected move
Options price a move of about ±103.0% (±$1.37) by Nov 20, 2026, which includes earnings on Nov 10, 2026. Over the last 8 reports the stock moved ±16% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 234.3% | ±103.0% |
| Feb 19, 2027 | 119 | 182.3% | ±131.6% |
30-day implied volatility 110.8% vs 80% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 16:38 UTC)
| Price | USD 1.33 |
|---|---|
| Change | ▲ 0.00% (up) |
| Previous Close | USD 1.33 |
| Open | USD 1.3 |
| Day Range | USD 1.3 – 1.34 |
| 52-Week Range | USD 1.29 – 6.75 |
| Volume | 8,573 shares |
| Market Cap | $25.61M |
| Exchange | NYQ |
Technical Analysis (SPRU)
Nexqual's technical model rates SPRU "SELL" based on 1 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 16:38 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 32.5 (neutral) |
| vs SMA50 | Below (USD 1.71) |
| MACD | -0.13 (negative) |
Analyst Ratings (SPRU)
Wall Street analysts rate SPRU "None", per Nexqual as of October 23, 2026 at 16:38 UTC.
| Consensus Rating | None |
|---|
Earnings (SPRU)
| Next Earnings Date | 2026-11-10 |
|---|
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2024-09-30 | USD -0.24 vs est -0.1 ▼ miss |
| 2024-06-30 | USD -0.15 vs est -0.07 ▼ miss |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
Financials & Fundamentals (SPRU)
| Total Revenue | $108.49M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -8.70% |
| Gross Margin | +66.41% |
| Operating Margin | +30.67% |
| Profit Margin | -6.76% |
| ROE | -5.47% |
| Debt / Equity | 5.43 |
| Current Ratio | 0.4 |
| Total Cash | $49.02M |
| Total Debt | $667.85M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.98M (1.8% of revenue) |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
Financial Health Score (SPRU)
Nexqual rates Spruce Power Holding Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 16:38 UTC.
| Growth | Mixed — Revenue +2.8% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 66%, operating 31% (last 12 months) |
| Balance Sheet | Critical — $45M cash and investments vs $680M debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $2M (last 4 quarters to Jun 2026, SEC), slim 1.8% margin |
| Efficiency | Critical — ROE -5%, ROA 1.8% |
Ownership (SPRU)
| Insider Ownership | +12.37% |
|---|---|
| Institutional Ownership | +33.78% |
| Shares Outstanding | 19.25M |
| Float | 14.92M |
| Short % of Float | +6.01% |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
Leadership (SPRU)
Spruce Power Holding Corporation is led by Christopher M. Hayes, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 16:38 UTC.
| President, CEO & Chairman | Christopher M. Hayes |
|---|---|
| CFO & Head of Sustainability Officer | Thomas J. Cimino |
| Vice President of Corporate Development | Joe Pettit |
| Vice President of Human Resources | Daniel Garcia |
| COO of Spruce Servicing | Derick Smith |
Major Backers & Investors (SPRU)
Notable institutional backers of Spruce Power Holding Corporation include Steel Partners Holdings, LP, JPMorgan, Renaissance Technologies, according to Nexqual as of October 23, 2026 at 16:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Steel Partners Holdings, LP | 17.81% |
| JPMorgan | 4.02% |
| Renaissance Technologies | 1.26% |
| Fidelity | 0.78% |
| Two Sigma Investments, LP | 0.69% |
| GSA Capital Partners LLP | 0.41% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 3.9% |
| BlackRock | 1.36% |
| Geode Capital | 1.01% |
| State Street | 0.47% |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
From Spruce Power Holding Corporation's Latest SEC 10-K Filing (filed 2026-03-31)
Key Strengths & Strategy (as disclosed to the SEC)
- The success of our business depends, in part, on our ability to maintain and protect our proprietary information, license agreements and other contractual provisions, processes and know-how.
- We compete with solar companies with vertically integrated business models, including maintenance services.
- Solar companies with vertically integrated business models could also offer other value-added products or services that could help them to compete with us.
- We do not directly control certain costs related to our business, which could put us at a disadvantage relative to companies who have a vertically integrated business model We do not have direct control over the costs our suppliers charge for the components of solar energy sys
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| JKS | JinkoSolar Holding Company Limi | USD 8.21 | ▲ 0.86% |
| ARRY | Array Technologies, Inc. | USD 3.15 | ▼ 4.55% |
| CSIQ | Canadian Solar Inc. | USD 9.2 | ▼ 0.22% |
| SHLS | Shoals Technologies Group, Inc. | USD 7.53 | ▼ 2.59% |
| RUN | Sunrun Inc. | USD 7.53 | ▼ 2.27% |
| SEDG | SolarEdge Technologies, Inc. | USD 33.23 | ▲ 0.88% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:38 UTC. This page is informational and not investment advice.
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