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Video: What is a Stock Split?
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Spruce Power Holding is an owner and operator of distributed solar energy assets across the U.S., providing subscription-based services to various customers. Co. also engages in the energy efficiency and solar loan servicing business. Co. provides services which include asset management services and operating and maintenance services for residential solar photovoltaic projects, in addition to, loan servicing support that allows residential consumers to finance energy efficiency home improvements and residential solar energy systems. In addition to providing management services to its own portfolio, Co. also provides management services to systems owned by other companies. According to our SPRU split history records, Spruce Power Holding has had 1 split. | |
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Spruce Power Holding (SPRU) has 1 split in our SPRU split history database. The split for SPRU took place on October 09, 2023. This was a 1 for 8 reverse split, meaning for each 8 shares of SPRU owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Spruce Power Holding conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the SPRU split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Spruce Power Holding shares, starting with a $10,000 purchase of SPRU, presented on a split-history-adjusted basis factoring in the complete SPRU split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/04/2019 |
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End date: |
04/26/2024 |
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Start price/share: |
$78.56 |
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End price/share: |
$4.37 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-94.44% |
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Average Annual Total Return: |
-46.30% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$556.30 |
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Years: |
4.65 |
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Date |
Ratio |
10/09/2023 | 1 for 8 |
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