Spruce Power Holding Corporation

DB:XLF0 Stock Report

Market Cap: €78.1m

Spruce Power Holding Management

Management criteria checks 1/4

Spruce Power Holding's CEO is Christian Fong, appointed in Sep 2022, has a tenure of 1.33 years. total yearly compensation is $4.15M, comprised of 4.8% salary and 95.2% bonuses, including company stock and options. directly owns 0.67% of the company’s shares, worth €526.96K. The average tenure of the management team and the board of directors is 1.9 years and 3.9 years respectively.

Key information

Christian Fong

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage4.8%
CEO tenure1.3yrs
CEO ownership0.7%
Management average tenure1.9yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Christian Fong's remuneration changed compared to Spruce Power Holding's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-US$60m

Jun 30 2023n/an/a

-US$58m

Mar 31 2023n/an/a

-US$69m

Dec 31 2022US$4mUS$200k

-US$54m

Compensation vs Market: Christian's total compensation ($USD4.15M) is above average for companies of similar size in the German market ($USD424.32K).

Compensation vs Earnings: Insufficient data to compare Christian's compensation with company performance.


CEO

Christian Fong (46 yo)

1.3yrs

Tenure

US$4,145,820

Compensation

Mr. Christian S. Fong, CFA, was an Independent Director of TerraForm Power, Inc. since February 12, 2017 until July 31, 2020. He serves as President of Spruce Power Holding Corporation (formerly known as X...


Leadership Team

NamePositionTenureCompensationOwnership
Christian Fong
CEO, President & Director1.3yrsUS$4.15m0.67%
€ 527.0k
Sarah Wells
CFO & Head of Sustainabilityless than a yearno data0.046%
€ 35.7k
Mike Kenhard
CTO & General Manager4yrsno datano data
Bronson Fleig
Head of Investor Relationsno datano datano data
Jonathan Norling
Chief Legal Officerless than a yearno data0.067%
€ 52.2k
Sandra Ponichtera
Vice President of People2.8yrsno datano data
Stacey Constas
General Counselno datano data0.071%
€ 55.3k
Chris Goldner
Corporate Controller2.4yrsno datano data

1.9yrs

Average Tenure

50yo

Average Age

Experienced Management: XLF0's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Christian Fong
CEO, President & Director1.3yrsUS$4.15m0.67%
€ 527.0k
G. Wagoner
Member of Advisory Board5.3yrsno datano data
William Aulet
Member of Advisory Boardno datano datano data
Jonathan Ledecky
Independent Director4.8yrsUS$200.00k0.11%
€ 86.2k
John Miller
Independent Director1.8yrsUS$467.50k0.13%
€ 99.2k
Kevin Griffin
Independent Director4.8yrsUS$207.50k0.075%
€ 58.9k
Eric Tech
Director2.1yrsUS$2.59m0.49%
€ 382.1k
Edward Lovelace
Member of Advisory Boardno datano datano data
Dennis Beal
Member of Advisory Board8.8yrsno datano data
Christopher Hayes
Independent Chairman3.1yrsUS$227.50k0.14%
€ 108.7k

3.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: XLF0's board of directors are considered experienced (3.9 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/01/03 19:47
End of Day Share Price 2023/10/06 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Spruce Power Holding Corporation is covered by 4 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gregory LewisBTIG
Jonathan DorsheimerCanaccord Genuity
Colin RuschOppenheimer & Co. Inc.