Stem (NYSE:STEM) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Stem (NYSE:STEM) posted its quarterly earnings results on Wednesday. The company reported ($1.58) EPS for the quarter, beating the consensus estimate of ($1.75) by $0.17, Zacks reports. The company had revenue of $33.65 million for the quarter, compared to analysts’ expectations of $36.65 million.

Stem Price Performance

NYSE:STEM traded down $0.44 during trading hours on Wednesday, reaching $5.45. The company’s stock had a trading volume of 210,551 shares, compared to its average volume of 169,256. The company has a market cap of $48.82 million, a price-to-earnings ratio of -0.63 and a beta of 1.50. The business’s 50-day moving average is $6.90 and its 200-day moving average is $9.56. Stem has a one year low of $4.92 and a one year high of $32.23.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $10.50 price objective (down from $12.00) on shares of Stem in a research report on Monday, May 11th. Barclays dropped their target price on Stem from $18.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Susquehanna cut their price target on Stem from $10.00 to $7.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Wall Street Zen lowered Stem from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, Roth Capital reissued a “neutral” rating and issued a $11.00 price target on shares of Stem in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $9.00.

Institutional Investors Weigh In On Stem

Several institutional investors and hedge funds have recently added to or reduced their stakes in STEM. Balyasny Asset Management L.P. bought a new stake in Stem during the fourth quarter worth approximately $177,000. Bridgeway Capital Management LLC boosted its stake in Stem by 346.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 69,600 shares of the company’s stock worth $1,047,000 after buying an additional 54,000 shares in the last quarter. Trexquant Investment LP acquired a new stake in Stem during the fourth quarter worth $385,000. Jump Financial LLC bought a new stake in Stem in the 4th quarter valued at $534,000. Finally, Mangrove Partners IM LLC bought a new stake in Stem in the 4th quarter valued at $272,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

About Stem

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.