On December 2, 2024, John Miller, a Director at Spruce Power Holding Corp (SPRU, Financial), purchased 20,000 shares of the company. Following this transaction, the insider now owns a total of 80,593 shares. The purchase was documented in a SEC Filing.
Spruce Power Holding Corp is a company engaged in providing residential solar energy systems and services. The company focuses on offering sustainable energy solutions to homeowners, contributing to the growing demand for renewable energy sources.
The insider's recent acquisition is part of a broader trend within the company. Over the past year, there have been six insider buys and no insider sells, indicating a pattern of confidence among the company's insiders.
On the day of the purchase, shares of Spruce Power Holding Corp were trading at $2.62 each, resulting in a market cap of $57.11 million. This transaction aligns with the insider's trading history, as John Miller has purchased a total of 20,000 shares over the past year without any sales.
For investors, insider buying can be a signal of potential value, as insiders may have insights into the company's future prospects. However, it is essential to consider other factors such as the company's GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow when evaluating investment opportunities.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
