How has SPRU's earnings trend changed recently?
4/12/2025 04:40pm
Spruce Power Holding (SPRU) has experienced a significant decline in net income over the past six quarters, with the most recent quarter ending on September 30, 2024, reporting a net loss of $53.55 million.
1. **Consistent Decline**: The net income of SPRU has been negative for all six quarters, indicating a consistent decline in earnings.
2. **Increasing Losses**: The magnitude of the losses has increased significantly, from $2.45 million on March 31, 2024, to $53.55 million on September 30, 2024.
3. **Financial Strain**: The company's financial strain appears to be worsening, which could be a cause for concern for investors and stakeholders.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SPRU|SPRU.N|Spruce Power Holding|2023 Q3|11.20633744093394|-1.9167E7|169|
|SPRU|SPRU.N|Spruce Power Holding|2023 Q4|28.81687485269856|-3.0203E7|169|
|SPRU|SPRU.N|Spruce Power Holding|2024 Q1|86.99851411589896|-2450000|169|
|SPRU|SPRU.N|Spruce Power Holding|2024 Q2|-634.4763092269327|-8573000|169|
|SPRU|SPRU.N|Spruce Power Holding|2024 Q3|-179.4073146553973|-5.3554E7|169|
|SPRU|SPRU.N|Spruce Power Holding|2024 Q4|81.869350726749|-5476000|169|