Spruce Power Holding Corp
Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners and businesses through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third par… Read more
Spruce Power Holding Corp (SPRU) - Net Assets
Latest net assets as of September 2025: $127.34 Million USD
Based on the latest financial reports, Spruce Power Holding Corp (SPRU) has net assets worth $127.34 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($857.06 Million) and total liabilities ($729.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $127.34 Million |
| % of Total Assets | 14.86% |
| Annual Growth Rate | 135.95% |
| 5-Year Change | -22.63% |
| 10-Year Change | N/A |
| Growth Volatility | 690.64 |
Spruce Power Holding Corp - Net Assets Trend (2018–2024)
This chart illustrates how Spruce Power Holding Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spruce Power Holding Corp (2018–2024)
The table below shows the annual net assets of Spruce Power Holding Corp from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $146.15 Million | -31.92% |
| 2023-12-31 | $214.67 Million | -25.71% |
| 2022-12-31 | $288.98 Million | -20.13% |
| 2021-12-31 | $361.81 Million | +91.54% |
| 2020-12-31 | $188.90 Million | +1478.80% |
| 2019-12-31 | $-13.70 Million | -1719.39% |
| 2018-12-31 | $846.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spruce Power Holding Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 27569300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.00% |
| Other Components | $472.09 Million | 328.49% |
| Total Equity | $143.71 Million | 100.00% |
Spruce Power Holding Corp Competitors by Market Cap
The table below lists competitors of Spruce Power Holding Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daehan Steel
KO:084010
|
$54.04 Million |
|
Agrometal S.A.I.
BA:AGRO
|
$54.06 Million |
|
DeviceENG.CO.Ltd
KQ:187870
|
$54.06 Million |
|
Markforged Holding Corp
NYSE:MKFG
|
$54.06 Million |
|
Envirosuite Ltd
AU:EVS
|
$54.03 Million |
|
SMCore.Inc
KQ:007820
|
$54.03 Million |
|
WULING MOTO.HLDGS HD-004
F:6LY
|
$54.01 Million |
|
West Wits Mining Limited
PINK:WMWWF
|
$54.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spruce Power Holding Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 212,344,000 to 143,714,000, a change of -68,630,000 (-32.3%).
- Net loss of 70,489,000 reduced equity.
- Share repurchases of 853,000 reduced equity.
- Other factors increased equity by 2,712,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-70.49 Million | -49.05% |
| Share Repurchases | $853.00K | -0.59% |
| Other Changes | $2.71 Million | +1.89% |
| Total Change | $- | -32.32% |
Book Value vs Market Value Analysis
This analysis compares Spruce Power Holding Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.67x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.66 | $3.74 | x |
| 2019-12-31 | $-3.93 | $3.74 | x |
| 2020-12-31 | $17.87 | $3.74 | x |
| 2021-12-31 | $19.49 | $3.74 | x |
| 2022-12-31 | $15.70 | $3.74 | x |
| 2023-12-31 | $11.55 | $3.74 | x |
| 2024-12-31 | $7.78 | $3.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spruce Power Holding Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -49.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -85.85%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 6.25x
- Recent ROE (-49.05%) is above the historical average (-235.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1525.18% | -135.18% | 0.70x | 16.01x | $-12.99 Million |
| 2019 | 0.00% | -206.53% | 0.78x | 0.00x | $-13.53 Million |
| 2020 | -16.59% | -154.09% | 0.06x | 1.84x | $-50.23 Million |
| 2021 | 7.96% | 184.55% | 0.04x | 1.09x | $-7.39 Million |
| 2022 | -33.55% | -404.98% | 0.03x | 3.20x | $-121.93 Million |
| 2023 | -31.00% | -82.43% | 0.09x | 4.21x | $-87.07 Million |
| 2024 | -49.05% | -85.85% | 0.09x | 6.25x | $-84.86 Million |
Industry Comparison
This section compares Spruce Power Holding Corp's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spruce Power Holding Corp (SPRU) | $127.34 Million | -1525.18% | 5.73x | $54.04 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |