Spruce Power (NYSE:SPRU – Get Rating) is one of 72 publicly-traded companies in the “Motor vehicle parts & accessories” industry, but how does it weigh in compared to its competitors? We will compare Spruce Power to similar businesses based on the strength of its profitability, analyst recommendations, valuation, risk, institutional ownership, dividends and earnings.
Risk and Volatility
Spruce Power has a beta of 0.94, meaning that its stock price is 6% less volatile than the S&P 500. Comparatively, Spruce Power’s competitors have a beta of 1.75, meaning that their average stock price is 75% more volatile than the S&P 500.
Earnings and Valuation
This table compares Spruce Power and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Spruce Power||$15.60 million||$28.79 million||-2.61|
|Spruce Power Competitors||$5.20 billion||$130.23 million||21.39|
This is a breakdown of current recommendations for Spruce Power and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Spruce Power Competitors||431||2225||2974||47||2.46|
As a group, “Motor vehicle parts & accessories” companies have a potential upside of 17.95%. Given Spruce Power’s competitors higher probable upside, analysts plainly believe Spruce Power has less favorable growth aspects than its competitors.
Insider and Institutional Ownership
17.3% of Spruce Power shares are owned by institutional investors. Comparatively, 58.7% of shares of all “Motor vehicle parts & accessories” companies are owned by institutional investors. 15.3% of Spruce Power shares are owned by company insiders. Comparatively, 14.4% of shares of all “Motor vehicle parts & accessories” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
This table compares Spruce Power and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Spruce Power Competitors||-451.37%||-12.85%||-4.64%|
Spruce Power competitors beat Spruce Power on 8 of the 10 factors compared.
About Spruce Power
XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles. In addition, the company offers vehicle electrification and infrastructure solutions, and charging stations. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities. The company was incorporated in 2009 and is headquartered in Boston, Massachusetts.
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