SPRU Stock Summary and Trading Ideas (Spruce Power Holding Class A | NYSE:SPRU)

Spruce Power Holding Corp is a leading owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to approximately 75,000 home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's primary customers are homeowners and the Company's core solar service offerings generate revenues primarily through (i) the sale of electricity generated by its home solar energy systems to homeowners, (ii) third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and (iii) the servicing of those agreements for other institutional owners of home solar energy systems.

Spruce Power Holding Class A trades on the NYSE stock market under the symbol SPRU.

As of March 14, 2025, SPRU stock price climbed to $2.57 with 16,922 million shares trading.

SPRU has a market cap of $47.81 million. This is considered a Sub-Micro Cap stock.

Last quarter Spruce Power Holding Class A reported $21 million in Revenue and -$1.33 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$1.23.

The top ETF exchange traded funds that SPRU belongs to (by Net Assets): VTI, VXF, IWC, PWER, DFAT.

SPRU has underperformed the market in the last year with a return of -32.5%, while SPY returned +11.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SPRU shares. However, SPRU has outperformed the market in the last 3 month and 2 week periods, returning -5.5% and +4.9%, while SPY returned -6.5% and -5.3%, respectively. This indicates SPRU has been having a stronger performance recently.

SPRU support price is $2.31 and resistance is $2.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPRU shares will trade within this expected range on the day.