WallStSmart

Enphase Energy Inc (ENPH)vsSpruce Power Holding Corp (SPRU)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Enphase Energy Inc generates 1264% more annual revenue ($1.47B vs $108.01M). ENPH leads profitability with a 11.7% profit margin vs -23.2%. SPRU earns a higher WallStSmart Score of 52/100 (C-).

ENPH

Hold

46

out of 100

Grade: D+

Growth: 2.0Profit: 6.5Value: 7.3Quality: 7.3
Piotroski: 4/9

SPRU

Buy

52

out of 100

Grade: C-

Growth: 8.0Profit: 4.5Value: 5.0Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ENPHSignificantly Overvalued (-449.9%)

Margin of Safety

-449.9%

Fair Value

$8.77

Current Price

$42.53

$33.76 premium

UndervaluedFair: $8.77Overvalued

Intrinsic value data unavailable for SPRU.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ENPH0 strengths · Avg: 0/10

No standout strengths identified

SPRU3 strengths · Avg: 9.3/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
43.7%10/10

Revenue surging 43.7% year-over-year

Operating MarginProfitability
27.5%8/10

Strong operational efficiency at 27.5%

Areas to Watch

ENPH4 concerns · Avg: 2.8/10
P/E RatioValuation
31.8x4/10

Premium valuation, high expectations priced in

Debt/EquityHealth
1.113/10

Elevated debt levels

Revenue GrowthGrowth
-10.3%2/10

Revenue declined 10.3%

EPS GrowthGrowth
-36.4%2/10

Earnings declined 36.4%

SPRU4 concerns · Avg: 2.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$75.95M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-17.4%2/10

ROE of -17.4% — below average capital efficiency

Profit MarginProfitability
-23.2%1/10

Currently unprofitable

Comparative Analysis Report

WallStSmart Research

Bull Case : ENPH

PEG of 1.02 suggests the stock is reasonably priced for its growth.

Bull Case : SPRU

The strongest argument for SPRU centers on Price/Book, Revenue Growth, Operating Margin. Revenue growth of 43.7% demonstrates continued momentum.

Bear Case : ENPH

The primary concerns for ENPH are P/E Ratio, Debt/Equity, Revenue Growth.

Bear Case : SPRU

The primary concerns for SPRU are EPS Growth, Market Cap, Return on Equity.

Key Dynamics to Monitor

ENPH profiles as a declining stock while SPRU is a hypergrowth play — different risk/reward profiles.

SPRU carries more volatility with a beta of 1.42 — expect wider price swings.

SPRU is growing revenue faster at 43.7% — sustainability is the question.

ENPH generates stronger free cash flow (38M), providing more financial flexibility.

Bottom Line

SPRU scores higher overall (52/100 vs 46/100) and 43.7% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Enphase Energy Inc

TECHNOLOGY · SOLAR · USA

Enphase Energy is an American energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control.

Spruce Power Holding Corp

TECHNOLOGY · SOLAR · USA

XL Fleet Corporation. The company is headquartered in Boston, Massachusetts.

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