Stem (NYSE:STEM) Issues Quarterly Earnings Results

Stem (NYSE:STEM) posted its quarterly earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04, Zacks reports. The business had revenue of $55.83 million during the quarter, compared to the consensus estimate of $47.89 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. Stem updated its FY 2025 guidance to EPS.

Stem Trading Up 2.2 %

Shares of STEM stock opened at $0.41 on Wednesday. The firm’s 50 day moving average is $0.64 and its 200-day moving average is $0.51. Stem has a 1 year low of $0.30 and a 1 year high of $2.44. The firm has a market capitalization of $66.57 million, a price-to-earnings ratio of -0.09 and a beta of 1.43.

Analyst Upgrades and Downgrades

STEM has been the topic of a number of recent analyst reports. Piper Sandler dropped their price objective on shares of Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. UBS Group dropped their price target on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1.38.

Stem Company Profile

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.