Financial Review: AltC Acquisition (NYSE:ALCC) and Spruce Power (NYSE:SPRU)

Earnings & Valuation

This table compares AltC Acquisition and Spruce Power”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A
Spruce Power	$77.58 million	0.53	-$65.83 million	($5.06)	-0.43

AltC Acquisition has higher earnings, but lower revenue than Spruce Power.

Profitability

This table compares AltC Acquisition and Spruce Power’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
AltC Acquisition	N/A	-85.44%	2.50%
Spruce Power	-121.98%	-23.98%	-5.48%

Risk & Volatility

AltC Acquisition has a beta of -0.06, indicating that its stock price is 106% less volatile than the S&P 500. Comparatively, Spruce Power has a beta of 1.23, indicating that its stock price is 23% more volatile than the S&P 500.

Institutional and Insider Ownership

85.0% of AltC Acquisition shares are owned by institutional investors. Comparatively, 20.8% of Spruce Power shares are owned by institutional investors. 21.8% of AltC Acquisition shares are owned by insiders. Comparatively, 9.6% of Spruce Power shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

AltC Acquisition beats Spruce Power on 5 of the 8 factors compared between the two stocks.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp. in February 2021. AltC Acquisition Corp. was incorporated in 2021 and is based in New York, New York.

About Spruce Power

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers. The company is headquartered in Denver, Colorado.