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Spruce Power Holding Corp. (SPRU) Stock Fundamental Analysis & AI Rating 2026

SPRU NYSE Electric Services DE CIK: 0001772720
Recently Updated • Analysis: Apr 16, 2026 • SEC Data: 2025-12-31
STRONG SELL
87% Conf
Pending
Analysis scheduled

📊 SPRU Key Takeaways

Revenue: $111.8M
Net Margin: -23.3%
Free Cash Flow: $-3.8M
Current Ratio: 0.49x
Debt/Equity: 5.74x
EPS: $-1.44
AI Rating: STRONG SELL with 87% confidence
Spruce Power Holding Corp. (SPRU) receives a STRONG SELL rating with 87% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $111.8M, net profit margin of -23.3%, and return on equity (ROE) of -21.5%, Spruce Power Holding Corp. demonstrates mixed fundamentals in the Utilities sector. Below is our complete SPRU stock analysis for 2026.

Is Spruce Power Holding Corp. (SPRU) a Good Investment?

Claude

SPRU faces a critical financial crisis with a current ratio of 0.49x indicating severe liquidity strain and inability to cover short-term obligations. Negative operating cash flow of $3.5M combined with excessive leverage (5.74x debt/equity) and weak interest coverage (1.6x) creates substantial solvency risk, particularly given the company's persistent net losses despite positive operating income.

Why Buy Spruce Power Holding Corp. Stock? SPRU Key Strengths

Claude
  • + Substantial operating income of $17.9M with 16% operating margin indicates core utility operations generate profit
  • + Significant asset base of $837.3M reflects established utility infrastructure and market presence
  • + Maintains $54.8M cash position providing temporary liquidity buffer

SPRU Stock Risks: Spruce Power Holding Corp. Investment Risks

Claude
  • ! Critical liquidity crisis: current ratio of 0.49x means only $0.49 in current assets per $1 of current liabilities—imminent default risk on short-term obligations
  • ! Negative operating cash flow of -$3.5M indicates business cannot self-fund operations; unsustainable trajectory with current cash reserves
  • ! Excessive leverage with debt/equity of 5.74x and interest coverage of only 1.6x creates acute vulnerability; any operational decline triggers debt covenant breaches

Key Metrics to Watch

Claude
  • * Operating Cash Flow (must turn positive to assess financial viability)
  • * Current Ratio (requires urgent improvement to 1.0x+ to avoid insolvency)
  • * Debt/Equity Ratio and Interest Coverage (critical thresholds for refinancing risk)

Spruce Power Holding Corp. (SPRU) Financial Metrics & Key Ratios

Revenue
$111.8M
Net Income
$-26.0M
EPS (Diluted)
$-1.44
Free Cash Flow
$-3.8M
Total Assets
$837.3M
Cash Position
$54.8M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

SPRU Profit Margin, ROE & Profitability Analysis

Gross Margin 0.1%
Operating Margin 16.0%
Net Margin -23.3%
ROE -21.5%
ROA -3.1%
FCF Margin -3.4%

SPRU vs Utilities Sector: How Spruce Power Holding Corp. Compares

How Spruce Power Holding Corp. compares to Utilities sector averages

Net Margin
SPRU -23.3%
vs
Sector Avg 12.0%
SPRU Sector
ROE
SPRU -21.5%
vs
Sector Avg 10.0%
SPRU Sector
Current Ratio
SPRU 0.5x
vs
Sector Avg 0.8x
SPRU Sector
Debt/Equity
SPRU 5.7x
vs
Sector Avg 1.4x
SPRU Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Spruce Power Holding Corp. Stock Overvalued? SPRU Valuation Analysis 2026

Based on fundamental analysis, Spruce Power Holding Corp. shows some fundamental concerns relative to the Utilities sector in 2026.

Return on Equity
-21.5%
Sector avg: 10%
Net Profit Margin
-23.3%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
5.74x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Spruce Power Holding Corp. Balance Sheet: SPRU Debt, Cash & Liquidity

Current Ratio
0.49x
Quick Ratio
0.43x
Debt/Equity
5.74x
Debt/Assets
85.5%
Interest Coverage
1.64x
Long-term Debt
$695.5M

SPRU Revenue & Earnings Growth: 5-Year Financial Trend

SPRU 5-year financial data: Year 2022: Revenue $23.2M, Net Income $28.8M, EPS $0.19. Year 2023: Revenue $79.9M, Net Income -$93.9M, EPS $-5.27. Year 2024: Revenue $82.1M, Net Income -$65.8M, EPS $-3.58. Year 2025: Revenue $111.8M, Net Income -$70.5M, EPS $-3.82.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Spruce Power Holding Corp.'s revenue has grown significantly by 382% over the 5-year period, indicating strong business expansion. The most recent EPS of $-3.82 indicates the company is currently unprofitable.

SPRU Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-3.4%
Free cash flow / Revenue

SPRU Quarterly Earnings & Performance

Quarterly financial performance data for Spruce Power Holding Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $21.4M -$860.0K $-0.05
Q2 2025 $22.5M -$3.0M $-0.17
Q1 2025 $18.3M -$2.5M $-0.13
Q3 2024 $21.4M -$19.3M $-1.11
Q2 2024 $22.5M $3.1M $0.15
Q1 2024 $18.1M -$2.5M $-0.13
Q3 2023 $5.1M -$19.3M $-1.11
Q2 2023 N/A $3.1M $0.02

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Spruce Power Holding Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$3.5M
Cash generated from operations
Stock Buybacks
$1.8M
Shares repurchased (TTM)
Capital Expenditures
$221.0K
Investment in assets
Dividends
None
No dividend program

SPRU SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Spruce Power Holding Corp. (CIK: 0001772720)

📋 Recent SEC Filings

Date Form Document Action
Apr 14, 2026 4 xslF345X06/form404197004_04142026.xml View →
Apr 10, 2026 4 xslF345X06/ownership.xml View →
Apr 9, 2026 4 xslF345X06/form404197004_04092026.xml View →
Apr 6, 2026 4 xslF345X06/ownership.xml View →
Apr 3, 2026 10-K/A spru-20251231.htm View →

Frequently Asked Questions about SPRU

What is the AI rating for SPRU?

Spruce Power Holding Corp. (SPRU) has an AI rating of STRONG SELL with 87% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SPRU's key strengths?

Claude: Substantial operating income of $17.9M with 16% operating margin indicates core utility operations generate profit. Significant asset base of $837.3M reflects established utility infrastructure and market presence.

What are the risks of investing in SPRU?

Claude: Critical liquidity crisis: current ratio of 0.49x means only $0.49 in current assets per $1 of current liabilities—imminent default risk on short-term obligations. Negative operating cash flow of -$3.5M indicates business cannot self-fund operations; unsustainable trajectory with current cash reserves.

What is SPRU's revenue and growth?

Spruce Power Holding Corp. reported revenue of $111.8M.

Does SPRU pay dividends?

Spruce Power Holding Corp. does not currently pay dividends.

Where can I find SPRU SEC filings?

Official SEC filings for Spruce Power Holding Corp. (CIK: 0001772720) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SPRU's EPS?

Spruce Power Holding Corp. has a diluted EPS of $-1.44.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is SPRU a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Spruce Power Holding Corp. has a STRONG SELL rating with 87% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is SPRU stock overvalued or undervalued?

Valuation metrics for SPRU: ROE of -21.5% (sector avg: 10%), net margin of -23.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy SPRU stock in 2026?

Our dual AI analysis gives Spruce Power Holding Corp. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SPRU's free cash flow?

Spruce Power Holding Corp.'s operating cash flow is $-3.5M, with capital expenditures of $221.0K. FCF margin is -3.4%.

How does SPRU compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -23.3% (avg: 12%), ROE -21.5% (avg: 10%), current ratio 0.49 (avg: 0.8).

Is Spruce Power Holding Corp. carrying too much debt?

SPRU has a debt-to-equity ratio of 5.74x, which is above the Utilities sector average of 1.4x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 16, 2026 | Data as of: 2025-12-31 | Powered by Claude AI