Spruce Power (NYSE:SPRU) Releases Earnings Results

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

Spruce Power Trading Down 3.5 %

Shares of NYSE:SPRU traded down $0.09 during trading on Monday, hitting $2.38. 36,800 shares of the company’s stock were exchanged, compared to its average volume of 36,790. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 3.81. The firm has a market cap of $44.35 million, a P/E ratio of -0.47 and a beta of 1.23. The firm has a 50-day moving average price of $2.55 and a two-hundred day moving average price of $2.64. Spruce Power has a 1-year low of $2.17 and a 1-year high of $4.89.

About Spruce Power

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.