Spruce Power (NYSE:SPRU) Announces Earnings Results

Spruce Power (NYSE:SPRU) announced its quarterly earnings results on Monday. The company reported ($0.29) EPS for the quarter, Zacks reports. Spruce Power had a negative net margin of 121.98% and a negative return on equity of 23.98%.

Spruce Power Stock Down 3.5 %

Shares of NYSE SPRU opened at $2.38 on Tuesday. Spruce Power has a 12-month low of $2.17 and a 12-month high of $4.89. The stock’s fifty day simple moving average is $2.54 and its two-hundred day simple moving average is $2.64. The stock has a market capitalization of $44.35 million, a PE ratio of -0.47 and a beta of 1.23. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 3.81.

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.