Reviewing Spruce Power (SPRU) & Its Peers
by Danessa Lincoln · The Markets DailySpruce Power (NYSE:SPRU – Get Free Report) is one of 141 publicly-traded companies in the “Independent Power & Renewable Electricity Producers” industry, but how does it contrast to its competitors? We will compare Spruce Power to related businesses based on the strength of its valuation, analyst recommendations, earnings, dividends, profitability, risk and institutional ownership.
Valuation & Earnings
This table compares Spruce Power and its competitors gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Spruce Power | $111.81 million | -$26.03 million | -2.99 |
| Spruce Power Competitors | $6.24 billion | $816.69 million | 14.60 |
Spruce Power’s competitors have higher revenue and earnings than Spruce Power. Spruce Power is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Institutional & Insider Ownership
20.8% of Spruce Power shares are owned by institutional investors. Comparatively, 36.0% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by institutional investors. 11.2% of Spruce Power shares are owned by company insiders. Comparatively, 21.5% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Analyst Ratings
This is a summary of recent recommendations and price targets for Spruce Power and its competitors, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Spruce Power | 1 | 0 | 0 | 0 | 1.00 |
| Spruce Power Competitors | 961 | 2977 | 3796 | 187 | 2.41 |
As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 139.85%. Given Spruce Power’s competitors stronger consensus rating and higher probable upside, analysts plainly believe Spruce Power has less favorable growth aspects than its competitors.
Profitability
This table compares Spruce Power and its competitors’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Spruce Power | -6.76% | -5.94% | -0.87% |
| Spruce Power Competitors | -37.05% | 13.60% | 0.71% |
Risk & Volatility
Spruce Power has a beta of 1.3, suggesting that its share price is 30% more volatile than the S&P 500. Comparatively, Spruce Power’s competitors have a beta of 0.62, suggesting that their average share price is 38% less volatile than the S&P 500.
Summary
Spruce Power competitors beat Spruce Power on 11 of the 13 factors compared.
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. The company is headquartered in Denver, Colorado.