SPRU

Company Overview — What Does SPRUCE POWER HOLDING CORP Do?

XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles. In addition, the company offers vehicle electrification and infrastructure solutions, and charging stations. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities. The company was incorporated in 2009 and is headquartered in Boston, Massachusetts. SPRUCE POWER HOLDING CORP (SPRU) is classified as a micro-cap stock in the Utilities sector. The company is led by CEO Eric M. Tech and employs approximately 180 people. With a market capitalization of $75M, SPRU is one of the notable companies in the Utilities sector.

SPRUCE POWER HOLDING CORP (SPRU) Stock Rating — Hold (April 2026)

As of April 2026, SPRUCE POWER HOLDING CORP receives a Hold rating with a composite score of 40.9/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.SPRU ranks #1,956 out of 4,446 stocks in our coverage universe. Within the Utilities sector, SPRUCE POWER HOLDING CORP ranks #89 of 112 stocks, placing it in the lower half of its Utilities peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SPRU Stock Price and 52-Week Range

SPRUCE POWER HOLDING CORP (SPRU) currently trades at $4.01. The stock gained $0.01 (0.2%) in the most recent trading session. The 52-week high for SPRU is $6.75, which means the stock is currently trading -40.6% from its annual peak. The 52-week low is $1.13, putting the stock 254.9% above its annual trough. Recent trading volume was 29K shares, suggesting relatively thin trading activity.

Is SPRU Overvalued or Undervalued? — Valuation Analysis

SPRUCE POWER HOLDING CORP (SPRU) carries a value factor score of 47/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 0.58x, versus the sector average of 1.98x. The price-to-sales ratio is 0.64x, compared to 0.82x for the average Utilities stock. On an enterprise value basis, SPRU trades at 115.58x EV/EBITDA, versus 4.75x for the sector.

Overall, SPRU's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

SPRUCE POWER HOLDING CORP Profitability — ROE, Margins, and Quality Score

SPRUCE POWER HOLDING CORP (SPRU) earns a quality factor score of 22/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -59.8%, compared to the Utilities sector average of 9.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -8.6% versus the sector average of 3.1%.

On a margin basis, SPRUCE POWER HOLDING CORP reports gross margins of 54.8%, compared to 53.1% for the sector. The operating margin is -31.6% (sector: 21.5%). Net profit margin stands at -81.4%, versus 12.8% for the average Utilities stock. Revenue growth is running at 36.7% on a trailing basis, compared to 20.1% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SPRU Debt, Balance Sheet, and Financial Health

SPRUCE POWER HOLDING CORP has a debt-to-equity ratio of 574.0%, compared to the Utilities sector average of 164.5%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.49x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $696M. Cash and equivalents stand at $54M.

SPRU has a beta of 0.62, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for SPRUCE POWER HOLDING CORP is 34/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

SPRUCE POWER HOLDING CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, SPRUCE POWER HOLDING CORP reported revenue of $109M and earnings per share (EPS) of $-1.44. Net income for the quarter was $-72M. Gross margin was 54.8%. Operating income came in at $-21M.

In FY 2025, SPRUCE POWER HOLDING CORP reported revenue of $112M and earnings per share (EPS) of $-1.44. Net income for the quarter was $-26M. Revenue grew 36.2% year-over-year compared to FY 2024. Operating income came in at $18M.

In Q3 2025, SPRUCE POWER HOLDING CORP reported revenue of $31M and earnings per share (EPS) of $-0.05. Net income for the quarter was $-714,000. Revenue grew 43.7% year-over-year compared to Q3 2024. Operating income came in at $8M.

In Q2 2025, SPRUCE POWER HOLDING CORP reported revenue of $33M and earnings per share (EPS) of $-0.17. Net income for the quarter was $-3M. Revenue grew 47.9% year-over-year compared to Q2 2024. Operating income came in at $9M.

Over the past 8 quarters, SPRUCE POWER HOLDING CORP has demonstrated a growth trajectory, with revenue expanding from $22M to $109M. Investors analyzing SPRU stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SPRU Dividend Yield and Income Analysis

SPRUCE POWER HOLDING CORP (SPRU) does not currently pay a dividend. This is common among smaller companies in the Utilities industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Utilities dividend stocks may want to explore other Utilities stocks or use the stock screener to filter by dividend yield.

SPRU Momentum and Technical Analysis Profile

SPRUCE POWER HOLDING CORP (SPRU) has a momentum factor score of 59/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 66/100 reflects moderate short selling activity.

SPRU vs Competitors — Utilities Sector Ranking and Peer Comparison

Within the Utilities sector, SPRUCE POWER HOLDING CORP (SPRU) ranks #89 out of 112 stocks based on the Blank Capital composite score. This places SPRU in the lower half of all Utilities stocks in our coverage universe. Key competitors and sector peers include Energy Transfer LP (ET) with a score of 52.6/100, Southwest Gas Holdings, Inc. (SWX) with a score of 54.8/100, NEXTERA ENERGY INC (NEE) with a score of 51.6/100, EDISON INTERNATIONAL (EIX) with a score of 53.0/100, and TC ENERGY CORP (TRP) with a score of 53.1/100.

Comparing SPRU against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SPRU vs S&P 500 (SPY) comparison to assess how SPRUCE POWER HOLDING CORP stacks up against the broader market across all factor dimensions.

SPRU Next Earnings Date

No upcoming earnings date has been announced for SPRUCE POWER HOLDING CORP (SPRU) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SPRU? — Investment Thesis Summary

SPRUCE POWER HOLDING CORP presents a balanced picture with arguments on both sides. The quality score of 22/100 flags below-average profitability. High volatility (stability score 34/100) increases portfolio risk.

In summary, SPRUCE POWER HOLDING CORP (SPRU) earns a Hold rating with a composite score of 40.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SPRU stock.

Related Resources for SPRU Investors

Explore more research and tools: SPRU vs S&P 500 comparison, top Utilities stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SPRU head-to-head with peers: SPRU vs ET, SPRU vs SWX, SPRU vs NEE.