What is the 13F Pro Quality Score for SPRU?

13F Pro ranks SPRUCE POWER HOLDING CORP (SPRU) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SPRU's current score at https://13fpro.ai/research/SPRU (free sign-up required for the full ranking).

Where does 13F Pro source SPRU data?

All SPRUCE POWER HOLDING CORP fundamentals and ownership data come directly from SEC EDGAR. SPRUCE POWER HOLDING CORP files with the SEC under CIK 1772720. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SPRU in?

SPRUCE POWER HOLDING CORP (SPRU) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

How often is SPRU research updated on 13F Pro?

SPRU's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

SPRUCE POWER HOLDING CORP(SPRU)Stock Analysis

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SEC EDGAR: CIK 1772720 SPRU stock profile & AI dashboard →

13F Pro Quality Score

34.1/100

Rank #2,208 of 2,879 stocks

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

76.6/100

Profitability

18.9/100

Balance Sheet

28.2/100

Earnings Quality

30.0/100

Free Cash Flow

27.2/100

Institutional Flow

11.9/100

Revenue Scale

18.4/100

Dilution Risk

36.3/100

SPRU Stock Analysis & AI Quality Score

AI stock analysis and institutional research for SPRUCE POWER HOLDING CORP (SPRU), a Utilities sector company. 13F Pro's AI-powered ranking engine scores SPRU at 34.1/100 on a 32-signal composite quality model, placing it at rank #2,208 of 2,879 stocks — the bottom half of the AI-ranked universe. SPRU scores in the top quartile across revenue growth (76.6). Areas of concern include institutional flow (11.9) and revenue scale (18.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 36.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), SPRUCE POWER HOLDING CORP reports quarterly revenue of $23.4M, net income of $-2.9M, an operating margin of 16.4%. Top institutional holders of SPRU by reported 13-F value include STEEL PARTNERS HOLDINGS L.P., VANGUARD CAPITAL MANAGEMENT, BlackRock,, based on the most recent SEC filings. SPRU trades on the NYSE exchange and files with the SEC under CIK 1772720. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPRU daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SPRUCE POWER HOLDING CORP directly from SEC EDGAR. SPRUCE POWER HOLDING CORP's 13F Pro composite quality score has ranged between 29 and 35 since 2023, currently 34.1 — an improving long-term trajectory across 20 quarterly and live scoring snapshots.

✦

Fun facts about SPRUCE POWER HOLDING CORP

Quirks, history, and lore behind SPRU — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. utilities company focused on clean energy · listed on NYSE American · headquartered in Texas.
2
The Numbers
A small-cap operator managing residential solar assets across tens of thousands of homes — revenue in the range of tens of millions of dollars annually.
3
The History
The company pivoted into its current form through acquisition of existing rooftop solar portfolios, rather than installing new panels — buying the contracts, not the ladders.
4
The Secret
Its business model is essentially a solar landlord: it owns the panels on customers' roofs and collects long-term energy payments without ever knocking on a new door.
5
The Lore
The company acquired a large portfolio of residential solar leases and PPAs originally originated by other solar firms, recycling stranded assets into a steady contracted cash-flow machine.
6
The Giveaway
Think of a tall evergreen tree combined with renewable energy — this rooftop solar asset manager with a woodsy name holds power purchase agreements on homes across the U.S.

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Revenue

Q1 2026

$23.4M

Net Income

Q1 2026

$-2.9M

Free Cash Flow

Q1 2026

$-2.7M

Operating Margin

Q1 2026

16.4%

ROIC

Q1 2026

0.5%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+382.1% YoY

$111.8MFY 2025

FY20 $20.3MFY21 $0.00FY22 $23.2MFY25 $111.8M

Net Income

+72.3% YoY

$-26.0MFY 2025

FY20 $-60.6MFY21 $28.8MFY22 $-93.9MFY25 $-26.0M

Operating Income

+130.3% YoY

$17.9MFY 2025

FY20 $-15.3MFY21 $-35.1MFY22 $-59.3MFY25 $17.9M

EPS (Diluted)

+72.7% YoY

$-1.44FY 2025

FY20 $-0.72FY21 $0.19FY22 $-5.27FY25 $-1.44

Total Assets

+1.3% YoY

$837.3MFY 2025

FY20 $347.0MFY21 $393.2MFY22 $826.6MFY25 $837.3M

Total Debt

+62.8% YoY

$909.3MFY 2025

FY20 $208.0KFY21 $99.0KFY22 $558.5MFY25 $909.3M

Op. Cash Flow

+94.4% YoY

$-3.5MFY 2025

FY20 $-19.9MFY21 $-48.5MFY22 $-63.5MFY25 $-3.5M

Metric	FY 2025	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$111.8M +382.1%	$23.2M	$0.00 -100.0%	$20.3M +181.9%	$7.2M	—
Net Income	$-26.0M +72.3%	$-93.9M -426.3%	$28.8M +147.5%	$-60.6M -306.7%	$-14.9M	—
Operating Income	$17.9M +130.3%	$-59.3M -69.0%	$-35.1M -129.5%	$-15.3M -12.7%	$-13.6M	—
EPS (Diluted)	$-1.44 +72.7%	$-5.27 -2873.7%	$0.19 +126.4%	$-0.72 -278.9%	$-0.19	—
Total Assets	$837.3M +1.3%	$826.6M +110.2%	$393.2M +13.3%	$347.0M +49.1%	$232.7M	—
Total Debt	$909.3M +62.8%	$558.5M +564023.2%	$99.0K -52.4%	$208.0K -93.7%	$3.3M	—
Operating Cash Flow	$-3.5M +94.4%	$-63.5M -30.9%	$-48.5M -143.9%	$-19.9M -72.1%	$-11.6M	—

AI Insight: SPRU Financial Trends

Spruce Power remains unprofitable but operating income turned positive in Q2 2025, though revenue volatility and persistent cash burn persist.

• Operating income swung from -$37M in Q3 2024 to positive $9M in Q2 2025, marking first sustained positive ops since Q2 2024.

• Total debt rose from $613M in Q2 2024 to $909M in Q4 2025, a 48% increase despite modest revenue growth.

• Revenue ranges $20M–$33M across periods with no clear trend; Q1 2026 at $23M below prior-year Q1 2025 ($24M).

⚠ Operating cash flow remains negative most quarters (Q1 2026: -$3M); only Q3 2025 posted modest $11M positive CF.

⚠ Net losses narrowing (Q3 2024: -$54M to Q1 2026: -$3M) but company has not achieved profitability; all eight quarters unprofitable.

AI Insight: SPRU Ratio Trends

Operating margin recovery stalled in Q1 2026 after two strong quarters, while persistent net losses and negative ROIC suggest underlying profitability challenges remain unresolved.

• Operating margin rebounded from -31.9% in Q4 2024 to 27.6% in Q3 2025, then declined to 16.4% in Q1 2026.

• ROIC turned positive (3.4% in Q2 2025, 3.2% in Q3 2025) but has contracted to 1.5% in Q1 2026, lowest since recovery began.

• Net profit margin remains deeply negative across all recent quarters (Q1 2026: -12.5%), indicating losses persist despite operating gains.

⚠ Q1 2026 marks first quarter-over-quarter ROIC decline since positive inflection; deterioration accelerating below 2%.

⚠ Debt-to-equity stable at 7.4–7.7× through recent quarters; high leverage limits financial flexibility if margins compress further.

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Available Research

13F Pro tracks comprehensive data for SPRUCE POWER HOLDING CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SPRU

STEEL PARTNERS HOLDINGS L.P.
$13.8M3,360,158 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.6M633,919 sh
BlackRock, Inc.
$1.0M247,642 sh
RENAISSANCE TECHNOLOGIES LLC
$968.6K236,233 sh
GEODE CAPITAL MANAGEMENT, LLC
$825.2K201,132 sh
JANE STREET GROUP, LLC
$715.8K174,580 sh
TWO SIGMA INVESTMENTS, LP
$663.3K161,787 sh
VANGUARD FIDUCIARY TRUST CO
$417.5K101,837 sh
STATE STREET CORP
$374.1K91,239 sh
DIMENSIONAL FUND ADVISORS LP
$264.0K64,390 sh

Fund	Value	Shares
STEEL PARTNERS HOLDINGS L.P.	$13.8M	3,360,158
VANGUARD CAPITAL MANAGEMENT LLC	$2.6M	633,919
BlackRock, Inc.	$1.0M	247,642
RENAISSANCE TECHNOLOGIES LLC	$968.6K	236,233
GEODE CAPITAL MANAGEMENT, LLC	$825.2K	201,132
JANE STREET GROUP, LLC	$715.8K	174,580
TWO SIGMA INVESTMENTS, LP	$663.3K	161,787
VANGUARD FIDUCIARY TRUST CO	$417.5K	101,837
STATE STREET CORP	$374.1K	91,239
DIMENSIONAL FUND ADVISORS LP	$264.0K	64,390

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Is SPRU a good stock to buy?

13F Pro's AI-powered analysis of SPRUCE POWER HOLDING CORP (SPRU) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SPRU are available on the SPRU stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SPRU?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SPRU. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SPRUCE POWER HOLDING CORP's investment landscape.