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Stock Comparison

SPRU vs ARRY

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
SPRU
Spruce Power Holding Corporation

Solar

EnergyNYSE • US
Market Cap$63M
5Y Perf.-95.7%
ARRY
Array Technologies, Inc.

Solar

EnergyNASDAQ • US
Market Cap$1.25B
5Y Perf.-77.7%

SPRU vs ARRY — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
SPRU logoSPRU
ARRY logoARRY
IndustrySolarSolar
Market Cap$63M$1.25B
Revenue (TTM)$108M$1.21B
Net Income (TTM)$-25M$-67M
Gross Margin61.3%22.4%
Operating Margin8.5%4.5%
Forward P/E11.7x
Total Debt$711M$766M
Cash & Equiv.$73M$244M

SPRU vs ARRYLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

SPRU
ARRY
StockOct 20May 26Return
Spruce Power Holdin… (SPRU)1004.3-95.7%
Array Technologies,… (ARRY)10022.3-77.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: SPRU vs ARRY

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: SPRU leads in 3 of 6 categories, making it the strongest pick for capital preservation and lower volatility and recent price momentum and sentiment. Array Technologies, Inc. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
SPRU
Spruce Power Holding Corporation
The Income Pick

SPRU carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.

  • Dividend streak 1 yrs, beta 0.33
  • Lower volatility, beta 0.33, current ratio 2.29x
  • Beta 0.33, current ratio 2.29x
Best for: income & stability and sleep-well-at-night
ARRY
Array Technologies, Inc.
The Growth Play

ARRY is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 40.2%, EPS growth 62.6%, 3Y rev CAGR -7.8%
  • -77.5% 10Y total return vs SPRU's -95.6%
  • 40.2% revenue growth vs SPRU's 2.8%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthARRY logoARRY40.2% revenue growth vs SPRU's 2.8%
Quality / MarginsARRY logoARRY-5.6% margin vs SPRU's -23.2%
Stability / SafetySPRU logoSPRUBeta 0.33 vs ARRY's 2.32
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)SPRU logoSPRU+97.7% vs ARRY's +62.7%
Efficiency (ROA)SPRU logoSPRU-2.9% ROA vs ARRY's -4.4%, ROIC -5.1% vs 9.0%

SPRU vs ARRY — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

SPRUSpruce Power Holding Corporation
FY 2024
PPA Revenue
90.5%$38M
Product and Service, Other
7.6%$3M
Service
1.8%$778,000
ARRYArray Technologies, Inc.

Segment breakdown not available.

SPRU vs ARRY — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLSPRULAGGINGARRY

Income & Cash Flow (Last 12 Months)

SPRU leads this category, winning 4 of 6 comparable metrics.

ARRY is the larger business by revenue, generating $1.2B annually — 11.2x SPRU's $108M. ARRY is the more profitable business, keeping -5.6% of every revenue dollar as net income compared to SPRU's -23.2%. On growth, SPRU holds the edge at +43.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricSPRU logoSPRUSpruce Power Hold…ARRY logoARRYArray Technologie…
RevenueTrailing 12 months$108M$1.2B
EBITDAEarnings before interest/tax$36M$95M
Net IncomeAfter-tax profit-$25M-$67M
Free Cash FlowCash after capex-$25M$58M
Gross MarginGross profit ÷ Revenue+61.3%+22.4%
Operating MarginEBIT ÷ Revenue+8.5%+4.5%
Net MarginNet income ÷ Revenue-23.2%-5.6%
FCF MarginFCF ÷ Revenue-23.4%+4.8%
Rev. Growth (YoY)Latest quarter vs prior year+43.7%-26.1%
EPS Growth (YoY)Latest quarter vs prior year+98.3%-7.0%
SPRU leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

SPRU leads this category, winning 2 of 3 comparable metrics.
MetricSPRU logoSPRUSpruce Power Hold…ARRY logoARRYArray Technologie…
Market CapShares × price$63M$1.3B
Enterprise ValueMkt cap + debt − cash$701M$1.8B
Trailing P/EPrice ÷ TTM EPS-0.91x-11.23x
Forward P/EPrice ÷ next-FY EPS est.11.75x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple13.50x
Price / SalesMarket cap ÷ Revenue0.77x0.98x
Price / BookPrice ÷ Book value/share0.44x4.80x
Price / FCFMarket cap ÷ FCF15.72x
SPRU leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

ARRY leads this category, winning 5 of 9 comparable metrics.

SPRU delivers a -19.7% return on equity — every $100 of shareholder capital generates $-20 in annual profit, vs $-21 for ARRY. ARRY carries lower financial leverage with a 2.94x debt-to-equity ratio, signaling a more conservative balance sheet compared to SPRU's 4.87x. On the Piotroski fundamental quality scale (0–9), ARRY scores 5/9 vs SPRU's 2/9, reflecting solid financial health.

MetricSPRU logoSPRUSpruce Power Hold…ARRY logoARRYArray Technologie…
ROE (TTM)Return on equity-19.7%-20.6%
ROA (TTM)Return on assets-2.9%-4.4%
ROICReturn on invested capital-5.1%+9.0%
ROCEReturn on capital employed-6.1%+8.2%
Piotroski ScoreFundamental quality 0–925
Debt / EquityFinancial leverage4.87x2.94x
Net DebtTotal debt minus cash$638M$522M
Cash & Equiv.Liquid assets$73M$244M
Total DebtShort + long-term debt$711M$766M
Interest CoverageEBIT ÷ Interest expense0.52x-2.42x
ARRY leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — SPRU and ARRY each lead in 3 of 6 comparable metrics.

A $10,000 investment in ARRY five years ago would be worth $3,233 today (with dividends reinvested), compared to $704 for SPRU. Over the past 12 months, SPRU leads with a +97.7% total return vs ARRY's +62.7%. The 3-year compound annual growth rate (CAGR) favors SPRU at -13.7% vs ARRY's -24.0% — a key indicator of consistent wealth creation.

MetricSPRU logoSPRUSpruce Power Hold…ARRY logoARRYArray Technologie…
YTD ReturnYear-to-date-34.3%-15.3%
1-Year ReturnPast 12 months+97.7%+62.7%
3-Year ReturnCumulative with dividends-35.7%-56.1%
5-Year ReturnCumulative with dividends-93.0%-67.7%
10-Year ReturnCumulative with dividends-95.6%-77.5%
CAGR (3Y)Annualised 3-year return-13.7%-24.0%
Evenly matched — SPRU and ARRY each lead in 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — SPRU and ARRY each lead in 1 of 2 comparable metrics.

SPRU is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than ARRY's 2.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ARRY currently trades 67.0% from its 52-week high vs SPRU's 51.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricSPRU logoSPRUSpruce Power Hold…ARRY logoARRYArray Technologie…
Beta (5Y)Sensitivity to S&P 5000.33x2.32x
52-Week HighHighest price in past year$6.75$12.23
52-Week LowLowest price in past year$1.13$4.92
% of 52W HighCurrent price vs 52-week peak+51.6%+67.0%
RSI (14)Momentum oscillator 0–10041.956.4
Avg Volume (50D)Average daily shares traded44K6.0M
Evenly matched — SPRU and ARRY each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.
MetricSPRU logoSPRUSpruce Power Hold…ARRY logoARRYArray Technologie…
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$9.17
# AnalystsCovering analysts28
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises11
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+1.3%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

SPRU leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). ARRY leads in 1 (Profitability & Efficiency). 2 tied.

Best OverallSpruce Power Holding Corpor… (SPRU)Leads 2 of 6 categories
Loading custom metrics...

SPRU vs ARRY: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is SPRU or ARRY a better buy right now?

For growth investors, Array Technologies, Inc.

(ARRY) is the stronger pick with 40. 2% revenue growth year-over-year, versus 2. 8% for Spruce Power Holding Corporation (SPRU). Analysts rate Array Technologies, Inc. (ARRY) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — SPRU or ARRY?

Over the past 5 years, Array Technologies, Inc.

(ARRY) delivered a total return of -67. 7%, compared to -93. 0% for Spruce Power Holding Corporation (SPRU). Over 10 years, the gap is even starker: ARRY returned -77. 5% versus SPRU's -95. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — SPRU or ARRY?

By beta (market sensitivity over 5 years), Spruce Power Holding Corporation (SPRU) is the lower-risk stock at 0.

33β versus Array Technologies, Inc. 's 2. 32β — meaning ARRY is approximately 607% more volatile than SPRU relative to the S&P 500. On balance sheet safety, Array Technologies, Inc. (ARRY) carries a lower debt/equity ratio of 3% versus 5% for Spruce Power Holding Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — SPRU or ARRY?

By revenue growth (latest reported year), Array Technologies, Inc.

(ARRY) is pulling ahead at 40. 2% versus 2. 8% for Spruce Power Holding Corporation (SPRU). On earnings-per-share growth, the picture is similar: Array Technologies, Inc. grew EPS 62. 6% year-over-year, compared to -6. 7% for Spruce Power Holding Corporation. Over a 3-year CAGR, SPRU leads at 73. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — SPRU or ARRY?

Array Technologies, Inc.

(ARRY) is the more profitable company, earning -4. 1% net margin versus -85. 9% for Spruce Power Holding Corporation — meaning it keeps -4. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARRY leads at 6. 6% versus -61. 4% for SPRU. At the gross margin level — before operating expenses — SPRU leads at 51. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — SPRU or ARRY?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is SPRU or ARRY better for a retirement portfolio?

For long-horizon retirement investors, Spruce Power Holding Corporation (SPRU) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

33)). Array Technologies, Inc. (ARRY) carries a higher beta of 2. 32 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (SPRU: -95. 6%, ARRY: -77. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between SPRU and ARRY?

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: SPRU is a small-cap quality compounder stock; ARRY is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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Stocks Like

SPRU

High-Growth Disruptor

  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 21%
  • Gross Margin > 36%
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ARRY

Quality Business

  • Sector: Energy
  • Market Cap > $100B
  • Gross Margin > 13%
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Beat Both

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Revenue Growth>
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(SPRU: 43.7% · ARRY: -26.1%)

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