Contrasting Spruce Power (NYSE:SPRU) & Canoo (NYSE:GOEV)

Spruce Power (NYSE:SPRU – Get Rating) and Canoo (NYSE:GOEV – Get Rating) are both small-cap oils/energy companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, dividends and risk.

Risk and Volatility

Spruce Power has a beta of 1.21, indicating that its stock price is 21% more volatile than the S&P 500. Comparatively, Canoo has a beta of 1.21, indicating that its stock price is 21% more volatile than the S&P 500.

Profitability

This table compares Spruce Power and Canoo’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Spruce Power	-204.40%	-12.83%	-5.17%
Canoo	N/A	-192.55%	-95.34%

Valuation & Earnings

This table compares Spruce Power and Canoo’s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Spruce Power	$23.19 million	5.29	-$93.93 million	($0.67)	-1.24
Canoo	$2.55 million	120.76	-$487.69 million	($1.58)	-0.41

Spruce Power has higher revenue and earnings than Canoo. Spruce Power is trading at a lower price-to-earnings ratio than Canoo, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for Spruce Power and Canoo, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Spruce Power	0	0	0	0	N/A
Canoo	0	1	3	0	2.75

Canoo has a consensus price target of $5.88, indicating a potential upside of 810.99%. Given Canoo’s higher probable upside, analysts clearly believe Canoo is more favorable than Spruce Power.

Insider & Institutional Ownership

17.3% of Spruce Power shares are held by institutional investors. Comparatively, 52.5% of Canoo shares are held by institutional investors. 9.1% of Spruce Power shares are held by company insiders. Comparatively, 21.9% of Canoo shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Summary

Canoo beats Spruce Power on 7 of the 12 factors compared between the two stocks.

About Spruce Power

(Get Rating)

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.

About Canoo

(Get Rating)

Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles. The company serves to small businesses, independent contractors, tradespeople, utilities, and service technicians. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.