Spruce Power (NYSE:SPRU) Releases Quarterly Earnings Results

Spruce Power (NYSE:SPRU) posted its earnings results on Monday. The company reported ($0.38) earnings per share (EPS) for the quarter, reports. The business had revenue of $24.03 million for the quarter. Spruce Power had a negative return on equity of 20.20% and a negative net margin of 23.28%.

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 Performance

Shares of SPRU opened at $4.19 on Wednesday. The firm has a 50-day moving average of $4.51 and a 200-day moving average of $4.17. The company has a market cap of $76.11 million, a PE ratio of -2.87 and a beta of 1.31. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.51 and a quick ratio of 0.51. Spruce Power has a one year low of $1.13 and a one year high of $6.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Spruce Power in a report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Spruce Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Spruce Power in the fourth quarter valued at approximately $53,000. Virtu Financial LLC bought a new position in shares of Spruce Power in the 3rd quarter valued at $31,000. XTX Topco Ltd acquired a new stake in shares of Spruce Power during the 2nd quarter valued at $32,000. Goldman Sachs Group Inc. grew its position in Spruce Power by 37.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,072 shares of the company’s stock worth $92,000 after acquiring an additional 4,963 shares during the last quarter. Finally, HRT Financial LP bought a new stake in Spruce Power during the 4th quarter worth $96,000. 20.76% of the stock is currently owned by institutional investors.

About Spruce Power

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.