WallStSmart

Sunrun Inc (RUN)vsSpruce Power Holding Corp (SPRU)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Sunrun Inc generates 3104% more annual revenue ($3.48B vs $108.49M). RUN leads profitability with a 11.6% profit margin vs -6.8%. RUN earns a higher WallStSmart Score of 57/100 (C).

RUN

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 5.5Value: 7.3Quality: 3.5
Piotroski: 5/9Altman Z: 0.27

SPRU

Hold

44

out of 100

Grade: D

Growth: 5.3Profit: 4.5Value: 6.7Quality: 3.5
Piotroski: 6/9Altman Z: -0.43
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

RUNUndervalued (+53.9%)

Margin of Safety

+53.9%

Fair Value

$41.57

Current Price

$8.56

$33.01 discount

UndervaluedFair: $41.57Overvalued
SPRUUndervalued (+82.3%)

Margin of Safety

+82.3%

Fair Value

$22.63

Current Price

$1.64

$20.99 discount

UndervaluedFair: $22.63Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

RUN3 strengths · Avg: 10.0/10
P/E RatioValuation
6.3x10/10

Attractively priced relative to earnings

Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
52.8%10/10

Revenue surging 52.8% year-over-year

SPRU2 strengths · Avg: 10.0/10
Price/BookValuation
0.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
30.7%10/10

Strong operational efficiency at 30.7%

Areas to Watch

RUN4 concerns · Avg: 2.3/10
Operating MarginProfitability
4.0%3/10

Operating margin of 4.0%

PEG RatioValuation
3.072/10

Expensive relative to growth rate

EPS GrowthGrowth
-60.7%2/10

Earnings declined 60.7%

Free Cash FlowQuality
$-180.25M2/10

Negative free cash flow — burning cash

SPRU4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$34.27M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-10.5%2/10

ROE of -10.5% — below average capital efficiency

Revenue GrowthGrowth
-8.7%2/10

Revenue declined 8.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : RUN

The strongest argument for RUN centers on P/E Ratio, Price/Book, Revenue Growth. Revenue growth of 52.8% demonstrates continued momentum.

Bull Case : SPRU

The strongest argument for SPRU centers on Price/Book, Operating Margin.

Bear Case : RUN

The primary concerns for RUN are Operating Margin, PEG Ratio, EPS Growth. Debt-to-equity of 4.36 is elevated, increasing financial risk.

Bear Case : SPRU

The primary concerns for SPRU are EPS Growth, Market Cap, Return on Equity. Debt-to-equity of 5.54 is elevated, increasing financial risk.

Key Dynamics to Monitor

RUN profiles as a growth stock while SPRU is a turnaround play — different risk/reward profiles.

RUN carries more volatility with a beta of 2.36 — expect wider price swings.

RUN is growing revenue faster at 52.8% — sustainability is the question.

SPRU generates stronger free cash flow (-3M), providing more financial flexibility.

Bottom Line

RUN scores higher overall (57/100 vs 44/100) and 52.8% revenue growth. SPRU offers better value entry with a 82.3% margin of safety. 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.

Sunrun Inc

TECHNOLOGY · SOLAR · USA

Sunrun Inc. is dedicated to the design, development, installation, sale, ownership and maintenance of residential solar energy systems in the United States. The company is headquartered in San Francisco, California.

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Spruce Power Holding Corp

TECHNOLOGY · SOLAR · USA

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

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