Head to Head Comparison: TD SYNNEX (NYSE:SNX) and Spruce Power (NYSE:SPRU)

TD SYNNEX (NYSE:SNX) and Spruce Power (NYSE:SPRU) are both computer and technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, dividends, risk, institutional ownership, earnings and analyst recommendations.

Risk & Volatility

TD SYNNEX has a beta of 1.36, indicating that its stock price is 36% more volatile than the S&P 500. Comparatively, Spruce Power has a beta of 1.43, indicating that its stock price is 43% more volatile than the S&P 500.

Valuation & Earnings

This table compares TD SYNNEX and Spruce Power”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
TD SYNNEX	$58.45 billion	0.22	$689.09 million	$9.22	16.76
Spruce Power	$82.11 million	1.13	-$70.49 million	($1.38)	-3.71

TD SYNNEX has higher revenue and earnings than Spruce Power. Spruce Power is trading at a lower price-to-earnings ratio than TD SYNNEX, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

84.0% of TD SYNNEX shares are held by institutional investors. Comparatively, 20.8% of Spruce Power shares are held by institutional investors. 1.0% of TD SYNNEX shares are held by company insiders. Comparatively, 12.7% of Spruce Power shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
TD SYNNEX	1.27%	12.13%	3.29%
Spruce Power	-23.23%	-18.82%	-2.86%

Analyst Ratings

This is a breakdown of current ratings and target prices for TD SYNNEX and Spruce Power, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TD SYNNEX	0	2	9	1	2.92
Spruce Power	1	0	0	0	1.00

TD SYNNEX currently has a consensus price target of $169.55, suggesting a potential upside of 9.69%. Given TD SYNNEX’s stronger consensus rating and higher probable upside, research analysts clearly believe TD SYNNEX is more favorable than Spruce Power.

Summary

TD SYNNEX beats Spruce Power on 12 of the 15 factors compared between the two stocks.

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support. In addition, the company offers outsourced fulfillment, virtual distribution, and direct ship to end-users; shipping documents generation, multi-level serial number tracking, and configured products and online order and shipment tracking, as well as turn-key logistics solutions. Further, it provides public cloud solutions in productivity and collaboration, IaaS, or Infrastructure as a Service, PaaS, or Platform as a Service, SaaS, or Software as a Service, security, mobility, IoT, and other hybrid solutions. Additionally, the company offers online services; provides net terms, third party leasing, floor plan financing, and letters-of-credit backed financing and arrangement; and leases products and provides device-as-a-service, as well as offers direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was founded in 1974 and is headquartered in Fremont, California.

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.