Contrasting Spruce Power (SPRU) & The Competition

Spruce Power (NYSE:SPRU) is one of 141 publicly-traded companies in the “Independent Power & Renewable Electricity Producers” industry, but how does it weigh in compared to its peers? We will compare Spruce Power to related companies based on the strength of its analyst recommendations, valuation, profitability, earnings, institutional ownership, dividends and risk.

Volatility and Risk

Spruce Power has a beta of 1.2, suggesting that its share price is 20% more volatile than the S&P 500. Comparatively, Spruce Power’s peers have a beta of 0.62, suggesting that their average share price is 38% less volatile than the S&P 500.

Profitability

This table compares Spruce Power and its peers’ 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	-37.00%	13.62%	0.71%

Valuation & Earnings

This table compares Spruce Power and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Spruce Power	$111.81 million	-$26.03 million	-2.94
Spruce Power Competitors	$35.59 billion	$816.69 million	15.45

Spruce Power’s peers have higher revenue and earnings than Spruce Power. Spruce Power is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a summary of current ratings for Spruce Power and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Spruce Power	1	0	0	0	1.00
Spruce Power Competitors	961	2976	3792	186	2.40

As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 145.62%. Given Spruce Power’s peers stronger consensus rating and higher probable upside, analysts clearly believe Spruce Power has less favorable growth aspects than its peers.

Institutional & Insider Ownership

20.8% of Spruce Power shares are owned by institutional investors. Comparatively, 35.2% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by institutional investors. 11.2% of Spruce Power shares are owned by insiders. Comparatively, 21.7% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Summary

Spruce Power peers beat Spruce Power on 11 of the 13 factors compared.

About Spruce Power

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.