Spruce Power Holding Corp (SPRU) Stock Price Quote, News &…

Summary

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

Website

www.sprucepower.com

Location

Houston, TX, US

Phone617 718 0329

Employees159

CEOChristopher Hayes

Sector

Utilities

Industry

Electric Utilities

IPO DateSep 3, 2019

Ask AI

Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

#Spire, Inc. 172,970 14,614,235 \*Spruce Power Holding Corp. 9,168 52,074 TXNM Energy, Inc. 255,164 15,034,263 UGI Corp. 503,523 20,196,308 Unitil Corp. 47,408 2,413,541 York Water Co. (The) 37,870 1,271,675 TOTAL UTILITIES 396,151,682 TOTAL COMMON STOCKS 12,752,509,016 RIGHTS/WARRANTS — (0.0%) CONSUMER DISCRETIONARY — (0.0%)
Dimensional ETF TrustSpruce Power Holding Corp·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
… erospace, a $1.2 billion private-equity owned aerospace manufacturer. From January 2021 to June 2022, Mr. Berklas served as the Chief Legal Officer and Vice President of Corporate Development of XL Fleet Corp. (now Spruce Power Holding Corp). From September 2017 to August 2020, he served as the Chief Growth Officer, Head of M&A and General Counsel of Westfall Technik, a private-equity owned plastics manufacturer. Prior to this, he served as the G …
Material Resource Acquisition Corp.Spruce Power Holding Corp·S-1 - Registration statement (general form)·Q1 27·13 Jul
… and private companies across a range of industry categories. He previously served as Chair of the Audit Committee of the Company and is serving as Chairman of the Audit Committee on the Board of Directors of Spruce Power Holding Corporation, an owner and operator of distributed solar energy assets, since 2022. From 2017 to 2021, he served as Chief Executive Officer of Power Solutions International, Inc., a publicly traded company focusing on the …
Capstone Energy Plus, Inc.Spruce Power Holding Corp·DEF 14A - Definitive proxy statement·Q2 27·8 Jul
… erospace, a $1.2 billion private-equity owned aerospace manufacturer. From January 2021 to June 2022, Mr. Berklas served as the Chief Legal Officer and Vice President of Corporate Development of XL Fleet Corp. (now Spruce Power Holding Corp). From September 2017 to August 2020, he served as the Chief Growth Officer, Head of M&A and General Counsel of Westfall Technik, a private-equity owned plastics manufacturer. Prior to this, he served as the G …
Material Resource Acquisition Corp.Spruce Power Holding Corp·DRS - Draft registration statement·Q1 27·10 Jun
… strategic consulting firm, and as the Director of Strategic Planning and Corporate Development at CML Group, Inc., a specialty marketing company. Since June 2025, Mr. Kravetz has served on the board of directors of Spruce Power Holding Corp., an owner and operator of distributed solar energy assets. Mr. Kravetz previously served on the board of directors of Nevada Gold & Casinos Inc., from October 2016 until its acquisition by Maverick Gaming LLC …
AstroNova, Inc.Spruce Power Holding Corp·10-K/A - Annual report (amendment) FY 2026·FY26·1 Jun
… Park Aerospace Corp. on March 4, 2024 and was elected Vice President – Finance on April 25, 2024. Prior to joining Park Aerospace Corp., Mr. Goldner served as Controller and Interim Chief Financial Officer at Spruce Power Holding Corporation (previous XL Fleet Corp.) from 2021 through 2023. Prior to that, Mr. Goldner served in a variety of roles for Hasbro, Inc. from 2000 through 2021, most recently as Vice President, Fiscal Responsibility from 2 …
PARK AEROSPACE CORPSpruce Power Holding Corp·10-K - Annual report FY 2026·FY26·29 May

Key Stats

Trading

Px/Chg 1D$1.58 / +0.00%

Avg Volume49.00K

Beta0.06

Mkt Cap29.02M

FD Mkt Cap33.89M

Float

Shrs Out/Float18.37M / 14.11M

Short Float0.06%

Days to Cover25.35

Stock Repurchased$0.00

Current Valuation

EV654.59M

EV/EBITDA12.36

EV/Sales5.88

P/B0.25

P/S0.26

FCF Yield-15.87%

ROE-2.50%

ROA-0.35%

Current Ratio0.48

Estimates

P/E-2.14

Est P/E0.00

Est EPS-0.34

Est PEG0.00

Valuation

Metric	5Yr Avg	May '23	May '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	-4.27	-1.22	-1.10	-0.41	-8.70	-9.92
Price / Sales	1.99	4.94	0.91	0.36	2.48	1.24
Price / Book Value	0.34	0.41	0.34	0.20	0.50	0.25
Price / Free Cash Flow	-5.79	-1.81	-2.12	-0.69	-18.05	-6.30
ENTERPRISE VALUE METRICS
Enterprise Value	591.8	386.6	558.9	669.9	689.1	654.6
Enterprise Value / Sales	17.69	16.67	7.00	8.16	28.68	27.95
Enterprise Value / EBITDA	22.65	-11.10	67.92	-78.24	75.13	59.54
Enterprise Value / EBIT	89.54	-9.37	-41.85	-22.44	328.77	192.58

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	63.6%	15.6	23.2	79.9	82.1	111.8
Gross Income	—	-0.7	13.2	42.0	42.1	71.9
EBITDA	-2.4%	53.3	-34.8	8.2	-8.6	48.3
EBIT	-23.7%	52.6	-41.3	-13.4	-29.8	17.8
Net Income	—	28.8	-93.9	-65.8	-70.5	-26.0
EPS (Diluted)	—	1.66	-2.59	-3.58	-3.82	-1.44
BALANCE SHEET
Cash & ST Inv	-37.2%	351.7	240.1	141.4	72.8	54.8
Total Assets	20.8%	393.2	895.9	895.0	898.5	837.3
Total Liabilities	118.5%	31.4	606.9	680.4	752.3	716.0
Total Shareholder Equity	-24.3%	361.8	279.9	212.3	143.7	118.8
CASH FLOW
Net Operating Cash Flow	-48.1%	-48.5	-63.5	-33.7	-41.8	-3.5
Cap Ex	—	-	-	-0.5	-0.4	-0.2
Free Cash Flow	-47.3%	-48.5	-63.5	-34.2	-42.2	-3.8

Enterprise Value Bridge

Millions USD		13 Nov '26
Price (As of 13 Nov '26)		1.43
Basic Shares		18.37
Market Cap		26.3
Diluted Shares		23.82
Fully Diluted Shares Outstanding		23.82
Fully Diluted Market Cap		34.1
+Consolidated Debt		667.2
−In-the-Money Convertible Debt		—
+Capital Leases		4.7
+Operating Leases		—
−Cash & Equivalents		-44.7
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		2.5
+Pension Liabilities		—
Enterprise Value		651.4

Segment data

Revenue

by Products and services

Ppa Revenue84%
Service8%
Product And Service, Other8%

Related companies