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SPRU
Stock ticker: NYSE
AS OF
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Price
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Capitalization
60.51M

SPRU Spruce Power Holding Corp Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SPRU with price predictions
07:00 PM EST Nov 29, 2023

SPRU in -4.15% downward trend, sliding for three consecutive days on November 30, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SPRU declined for three days, in of 234 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 16, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SPRU as a result. In of 72 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Aroon Indicator for SPRU entered a downward trend on November 28, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SPRU's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where SPRU's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SPRU just turned positive on November 28, 2023. Looking at past instances where SPRU's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPRU advanced for three days, in of 154 cases, the price rose further within the following month. The odds of a continued upward trend are .

SPRU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.272) is normal, around the industry mean (5.064). P/E Ratio (0.000) is within average values for comparable stocks, (32.573). SPRU's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.891). SPRU has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (0.793) is also within normal values, averaging (23.456).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SPRU’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPRU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), Canadian Solar (NASDAQ:CSIQ), SunPower Corp (NASDAQ:SPWR), GrafTech International Ltd (NYSE:EAF), FuelCell Energy (NASDAQ:FCEL).

Industry description

The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.

Market Cap

The average market capitalization across the Electrical Products Industry is 3.81B. The market cap for tickers in the group ranges from 750 to 181.26B. NISSF holds the highest valuation in this group at 181.26B. The lowest valued company is EDYYF at 750.

High and low price notable news

The average weekly price growth across all stocks in the Electrical Products Industry was -0%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -21%. ISUN experienced the highest price growth at 50%, while PSTO experienced the biggest fall at -39%.

Volume

The average weekly volume growth across all stocks in the Electrical Products Industry was -19%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was 15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 71
Price Growth Rating: 66
SMR Rating: 73
Profit Risk Rating: 81
Seasonality Score: -2 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Industry ElectricalProducts

Profile
Fundamentals
Details
Industry
Multi Line Insurance
Address
1875 Lawrence Street
Phone
+1 866 903-2399
Employees
318
Web
https://www.sprucepower.com
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SPRU and

Correlation & Price change

A.I.dvisor tells us that SPRU and MVST have been poorly correlated (+28% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SPRU and MVST's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPRU
1D Price
Change %
SPRU100%
-3.35%
MVST - SPRU
28%
Poorly correlated
N/A
BE - SPRU
25%
Poorly correlated
+0.84%
ENR - SPRU
24%
Poorly correlated
-0.39%
RUN - SPRU
23%
Poorly correlated
+1.14%
ARRY - SPRU
23%
Poorly correlated
+3.76%
More

Groups containing SPRU

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPRU
1D Price
Change %
SPRU100%
-3.35%
Electrical Products
(undefined stocks)
13%
Poorly correlated
-0.54%