Spruce Power (NYSE:SPRU) Issues Quarterly Earnings Results

Spruce Power (NYSE:SPRU) announced its quarterly earnings data on Monday. The company reported ($0.38) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $24.03 million for the quarter. Spruce Power had a negative net margin of 23.23% and a negative return on equity of 18.82%.

Here are the key takeaways from Spruce Power’s conference call:

• Q4 revenue$24 million (+19% YoY) with operating EBITDA > $17 million, and full‑year operating EBITDA reached $80.1 million (+49% YoY), driven in part by the NJR portfolio acquisition.
• Management highlighted structural cost improvements—O&M down 64% YoY and SG&A down 16% YoY—attributed to Project Streamline, meter upgrades, and other efficiency initiatives.
• Cash generation improved—adjusted operating cash flow was $5.1 million in Q4 versus -$4.1M a year ago and the company repaid $35.1 million of debt in 2025—while ending the year with $93.1 million in cash but $695.5 million of outstanding principal at a ~6.1% blended rate.
• A going concern disclosure will appear in the 10‑K driven by the timing of a planned, broader refinancing (SP1 extension to Jan 30, 2027); management says this is accounting‑timing related but execution risk remains until a comprehensive financing is completed.
• Growth strategy remains focused on portfolio acquisitions, programmatic partnerships, and scaling Spruce Pro; management says the Spruce Pro pipeline is “robust” with potential near‑term announcements.

Spruce Power Stock Up 1.3%

Shares of NYSE SPRU traded up $0.05 during mid-day trading on Monday, hitting $4.03. 68,110 shares of the stock traded hands, compared to its average volume of 69,077. The company has a market cap of $73.23 million, a price-to-earnings ratio of -2.92 and a beta of 1.31. The stock has a fifty day moving average price of $4.58 and a 200-day moving average price of $4.14. Spruce Power has a 52 week low of $1.13 and a 52 week high of $6.75. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.51 and a current ratio of 0.51.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Spruce Power in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Spruce Power presently has a consensus rating of “Sell”.

Institutional Trading of Spruce Power

A number of hedge funds have recently modified their holdings of the business. Steel Partners Holdings L.P. purchased a new stake in shares of Spruce Power in the 4th quarter worth about $16,275,000. Vanguard Group Inc. lifted its position in Spruce Power by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 679,844 shares of the company’s stock valued at $1,666,000 after acquiring an additional 25,663 shares during the period. Geode Capital Management LLC boosted its stake in Spruce Power by 15.5% during the fourth quarter. Geode Capital Management LLC now owns 187,164 shares of the company’s stock worth $953,000 after acquiring an additional 25,171 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Spruce Power by 19.7% in the fourth quarter. Renaissance Technologies LLC now owns 182,333 shares of the company’s stock worth $928,000 after purchasing an additional 30,013 shares during the period. Finally, State Street Corp grew its holdings in Spruce Power by 103.1% in the fourth quarter. State Street Corp now owns 89,439 shares of the company’s stock worth $455,000 after purchasing an additional 45,400 shares during the period. Institutional investors own 20.76% of the company’s stock.

Spruce Power Company Profile

Spruce Power is a renewable energy company that specializes in the ownership, operation and management of distributed solar energy assets. The company partners with solar developers to acquire residential and small-commercial solar portfolios, providing long-term performance monitoring, maintenance and customer support for system owners. By focusing on turnkey asset management, Spruce Power enables homeowners and businesses to benefit from solar power without the upfront risks and responsibilities of system ownership.

Headquartered in San Francisco, California, Spruce Power was founded in 2009 and has grown through strategic acquisitions and partnerships.