Spruce Power (NYSE:SPRU) Issues Earnings Results

Spruce Power (NYSE:SPRU) issued its quarterly earnings data on Monday. The company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.05, Zacks reports. Spruce Power had a negative net margin of 121.98% and a negative return on equity of 23.98%. The firm had revenue of $20.23 million for the quarter, compared to analyst estimates of $18.58 million.

Spruce Power Trading Down 13.5 %

NYSE SPRU opened at $2.09 on Wednesday. The company has a market cap of $38.79 million, a PE ratio of -0.41 and a beta of 1.23. Spruce Power has a 12 month low of $2.04 and a 12 month high of $4.89. The stock has a 50 day moving average of $2.53 and a 200-day moving average of $2.63. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 3.81.

Spruce Power Company Profile

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers.