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Spruce Power Holding Corp


Market Cap: 60.3M


About: 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.

Employees: 142

Funds holding %
of 6,702 funds
Analysts bullish %
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

3,633% more call options, than puts

Call options by funds: $112K | Put options by funds: $3K

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.24% less ownership

Funds ownership: 20.57% [Q4 2023] → 20.33% (-0.24%) [Q1 2024]

7% less funds holding

Funds holding: 44 [Q4 2023] → 41 (-3) [Q1 2024]

11% less capital invested

Capital invested by funds: $16.6M [Q4 2023] → $14.7M (-$1.86M) [Q1 2024]

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Research analyst outlook

We haven’t received any recent analyst ratings for SPRU.

Financial journalist opinion

Based on 3 articles about SPRU published over the past 30 days