Spruce Power Holding Corporation

NYSE:SPRU Stock Report

Market Cap: US$49.8m

Spruce Power Holding Management

Management criteria checks 1/4

Spruce Power Holding's CEO is Chris Hayes, appointed in Apr 2024, has a tenure of 1.58 years. total yearly compensation is $2.37M, comprised of 19% salary and 81% bonuses, including company stock and options. directly owns 0.5% of the company’s shares, worth $249.76K. The average tenure of the management team and the board of directors is 1.3 years and 3.9 years respectively.

Key information

Chris Hayes

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage18.97%
CEO tenure1.6yrs
CEO ownership0.5%
Management average tenure1.3yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

Spruce Power Holding Corporation (NYSE:SPRU) Held Back By Insufficient Growth Even After Shares Climb 41%

Sep 27
Spruce Power Holding Corporation (NYSE:SPRU) Held Back By Insufficient Growth Even After Shares Climb 41%

The Market Doesn't Like What It Sees From Spruce Power Holding Corporation's (NYSE:SPRU) Revenues Yet As Shares Tumble 31%

Aug 07
The Market Doesn't Like What It Sees From Spruce Power Holding Corporation's (NYSE:SPRU) Revenues Yet As Shares Tumble 31%

Why Investors Shouldn't Be Surprised By Spruce Power Holding Corporation's (NYSE:SPRU) Low P/S

Apr 02
Why Investors Shouldn't Be Surprised By Spruce Power Holding Corporation's (NYSE:SPRU) Low P/S

Lacklustre Performance Is Driving Spruce Power Holding Corporation's (NYSE:SPRU) Low P/S

Jul 22
Lacklustre Performance Is Driving Spruce Power Holding Corporation's (NYSE:SPRU) Low P/S

Spruce Power: Rare Net-Net Trading 50% Below Cash And Generating Cash

Nov 28

Spruce Power regains compliance with NYSE's listing standard

Feb 02

Spruce Power: Meet The New XL Fleet

Jan 19

Spruce Power appoints Christian Fong as CEO

Jan 09

XL Fleet GAAP EPS of -$0.15, revenue of $8.4M

Nov 09

XL Fleet gets NYSE non-compliance notice

Oct 21

XL Fleet: Could Be On The Verge Of Collapse

Sep 07

At US$1.28, Is XL Fleet Corp. (NYSE:XL) Worth Looking At Closely?

May 10
At US$1.28, Is XL Fleet Corp. (NYSE:XL) Worth Looking At Closely?

XL Fleet: Buying $1 Bills For 56 Cents

May 04

XL Fleet Corp. Is Having A Challenging 2022 As President Resigns

Mar 24

XL Fleet Corp.: The Past Is Prologue, And Then Some

Feb 05

XL Fleet's Electrification Faces Its Limits

Oct 10

Time To Worry? Analysts Are Downgrading Their XL Fleet Corp. (NYSE:XL) Outlook

Aug 15
Time To Worry? Analysts Are Downgrading Their XL Fleet Corp. (NYSE:XL) Outlook

CEO Compensation Analysis

How has Chris Hayes's remuneration changed compared to Spruce Power Holding's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-US$78m

Mar 31 2025n/an/a

-US$83m

Dec 31 2024US$2mUS$450k

-US$71m

Sep 30 2024n/an/a

-US$95m

Jun 30 2024n/an/a

-US$61m

Mar 31 2024n/an/a

-US$49m

Dec 31 2023US$263kn/a

-US$62m

Sep 30 2023n/an/a

-US$60m

Jun 30 2023n/an/a

-US$58m

Mar 31 2023n/an/a

-US$69m

Dec 31 2022US$228kn/a

-US$54m

Sep 30 2022n/an/a

-US$17m

Jun 30 2022n/an/a

-US$7m

Mar 31 2022n/an/a

-US$9m

Dec 31 2021US$297kn/a

US$53m

Sep 30 2021n/an/a

US$6m

Jun 30 2021n/an/a

US$11m

Mar 31 2021n/an/a

US$8m

Dec 31 2020US$7kn/a

-US$61m

Compensation vs Market: Chris's total compensation ($USD2.37M) is above average for companies of similar size in the US market ($USD598.89K).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.

CEO

Chris Hayes (51 yo)

1.6yrs
Tenure
US$2,372,266
Compensation

Mr. Christopher M. Hayes, also known as Chris, is President and Chief Executive Officer of Spruce Power Holding Corporation from April 12, 2024. Mr. Hayes serves as the Director of N1 Health, formerly know...

Leadership Team

NamePositionTenureCompensationOwnership
Christopher Hayes
President1.6yrsUS$2.37m0.50%
$ 249.8k
Jonathan Norling
Chief Legal Officer2.8yrsUS$844.12k0.47%
$ 232.8k
Thomas Cimino
Interim Chief Financial Officerless than a yearno datano data
Angelica Perez
Vice President of Accountingno datano datano data
Joe Pettit
Vice President of Corporate Developmentno datano datano data
Daniel Garcia
Vice President of Human Resourcesno datano datano data
Richard DiMatteo
Head of Spruce Pro & Senior VP1.3yrsno datano data
Derick Smith
COO of Spruce Servicingno datano datano data
Chris Hayden
SVP of IT & Enterprise Applications.less than a yearno datano data
Lee Forrest
Director of Treasuryno datano datano data
1.3yrs
Average Tenure
53.5yo
Average Age

Experienced Management: SPRU's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Christopher Hayes
President4.9yrsUS$2.37m0.50%
$ 249.8k
G. Wagoner
Member of Advisory Board7.1yrsno datano data
William Aulet
Member of Advisory Boardno datano datano data
Jonathan Ledecky
Independent Director6.7yrsUS$213.75k0.27%
$ 132.4k
Shawn Kravetz
Independent Directorless than a yearno data0.045%
$ 22.3k
John Miller
Independent Lead Director3.7yrsUS$270.75k0.42%
$ 208.0k
Eric Tech
Director3.9yrsUS$202.05k0.61%
$ 302.3k
Edward Lovelace
Member of Advisory Boardno datano datano data
Ja-Chin Lee
Independent Director1.6yrsUS$419.99k0.14%
$ 67.4k
Dennis Beal
Member of Advisory Board10.7yrsno datano data
Clara McBane
Independent Director1.4yrsUS$407.97k0.011%
$ 5.6k
3.9yrs
Average Tenure
62yo
Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/04 22:38
End of Day Share Price 2025/11/04 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spruce Power Holding Corporation is covered by 4 analysts. 0 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.