In yesterday’s Wall Street session, Spruce Power Holding Corporatio (NYSE:SPRU) shares traded at $0.80, up 4.71% from the previous session.
1 analysts cover Spruce Power Holding Corporatio (NYSE:SPRU), according to research data. The consensus rating among analysts is ‘Hold’. SPRU stock price is now -29.71% away from the 50-day moving average and -27.15% away from the 200-day moving average. The market capitalization of the company currently stands at $118.40M.
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The stock has received a hold rating from 1 analysts and a buy rating from 0.
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In other news, Hayes Christopher M., Director bought 77,523 shares of the company’s stock on Dec 16. The stock was bought for $64,158 at an average price of $0.83. Upon completion of the transaction, the Director now directly owns 187,515 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, President Fong Christian S. bought 10,000 shares of the business’s stock. A total of $9,000 was incurred on buying the stock at an average price of $0.90. This leaves the insider owning 1,637,112 shares of the company worth $1.31 million. Insiders disposed of 281,320 shares of company stock worth roughly $0.23 million over the past 1 year. A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPRU stock. A new stake in Spruce Power Holding Corporatio shares was purchased by MACQUARIE GROUP LTD during the first quarter worth $2,382,000. ARDSLEY ADVISORY PARTNERS LP invested $800,000 in shares of SPRU during the first quarter. In the first quarter, EJF CAPITAL LLC acquired a new stake in Spruce Power Holding Corporatio valued at approximately $619,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC acquired a new stake in SPRU for approximately $130,000. MONEY CONCEPTS CAPITAL CORP purchased a new stake in SPRU valued at around $120,000 in the second quarter. In total, there are 102 active investors with 31.20% ownership of the company’s stock.
On Tuesday morning Spruce Power Holding Corporatio (NYSE: SPRU) stock kicked off with the opening price of $0.7900. During the past 12 months, Spruce Power Holding Corporatio has had a low of $0.69 and a high of $2.47. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 5.40, and a quick ratio of 5.10. The fifty day moving average price for SPRU is $1.1360 and a two-hundred day moving average price translates $1.0961 for the stock.
The latest earnings results from Spruce Power Holding Corporatio (NYSE: SPRU) was released for Sep, 2022. According to the Solar Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.17 by 0.09. This compares to -$0.05 EPS in the same period last year. The company reported revenue of $8.36 million for the quarter, compared to $3.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 161.25 percent. For the current quarter, analysts expect SPRU to generate $8.36M in revenue.
Spruce Power Holding Corporatio(SPRU) 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 small businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 52,000 customers. The company was incorporated in 2009 and is based in Wixom, Michigan.
