Enphase Energy Inc (ENPH)vsSpruce Power Holding Corp (SPRU)
ENPH
Enphase Energy Inc
$56.07
-18.01%
TECHNOLOGY · Cap: $7.19B
SPRU
Spruce Power Holding Corp
$2.85
+1.06%
TECHNOLOGY · Cap: $52.90M
Smart Verdict
WallStSmart Research — data-driven comparison
Enphase Energy Inc generates 1157% more annual revenue ($1.40B vs $111.40M). ENPH leads profitability with a 9.6% profit margin vs -12.2%. SPRU earns a higher WallStSmart Score of 38/100 (F).
ENPH
Hold37
out of 100
Grade: F
SPRU
Hold38
out of 100
Grade: F
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+20.0%
Fair Value
$60.32
Current Price
$56.07
$4.25 discount
Margin of Safety
+84.5%
Fair Value
$25.83
Current Price
$2.85
$22.98 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
No standout strengths identified
Reasonable price relative to book value
Areas to Watch
Premium valuation, high expectations priced in
Revenue declined 20.6%
Earnings declined 36.4%
Distress zone — elevated risk
0.0% earnings growth
Smaller company, higher risk/reward
ROE of -10.5% — below average capital efficiency
Revenue declined 1.7%
Comparative Analysis Report
WallStSmart ResearchBull Case : ENPH
PEG of 1.44 suggests the stock is reasonably priced for its growth.
Bull Case : SPRU
The strongest argument for SPRU centers on Price/Book.
Bear Case : ENPH
The primary concerns for ENPH are P/E Ratio, Revenue Growth, EPS Growth. A P/E of 54.0x leaves little room for execution misses.
Bear Case : SPRU
The primary concerns for SPRU are EPS Growth, Market Cap, Return on Equity. Debt-to-equity of 5.64 is elevated, increasing financial risk.
Key Dynamics to Monitor
ENPH profiles as a value stock while SPRU is a turnaround play — different risk/reward profiles.
ENPH carries more volatility with a beta of 1.57 — expect wider price swings.
SPRU is growing revenue faster at -1.7% — sustainability is the question.
ENPH generates stronger free cash flow (83M), providing more financial flexibility.
Bottom Line
SPRU scores higher overall (38/100 vs 37/100). ENPH offers better value entry with a 20.0% margin of safety. Both earn "Hold" 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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