Susquehanna Issues Pessimistic Forecast for Stem (NYSE:STEM) Stock Price

Stem (NYSE:STEMGet Free Report) had its price objective cut by Susquehanna from $10.00 to $7.50 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s target price would suggest a potential upside of 5.63% from the company’s previous close.

A number of other equities analysts have also recently commented on STEM. Weiss Ratings cut shares of Stem from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. UBS Group reaffirmed a “neutral” rating and set a $10.50 price target (down from $12.00) on shares of Stem in a research note on Monday, May 11th. Wall Street Zen cut Stem from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $11.00 target price on shares of Stem in a research note on Thursday, May 7th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $11.75.

Read Our Latest Research Report on Stem

Stem Price Performance

STEM opened at $7.10 on Friday. The firm has a market capitalization of $63.62 million, a P/E ratio of -0.82 and a beta of 1.45. Stem has a one year low of $6.70 and a one year high of $32.23. The company has a fifty day moving average price of $8.58 and a 200-day moving average price of $11.45.

Stem (NYSE:STEMGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($2.22) EPS for the quarter, missing the consensus estimate of ($1.76) by ($0.46). The company had revenue of $29.00 million during the quarter, compared to analyst estimates of $34.61 million. On average, analysts expect that Stem will post -7.76 earnings per share for the current year.

Institutional Investors Weigh In On Stem

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Stem by 258.1% in the third quarter. IFP Advisors Inc now owns 1,479 shares of the company’s stock valued at $26,000 after acquiring an additional 1,066 shares during the period. International Assets Investment Management LLC bought a new position in Stem during the 4th quarter valued at approximately $29,000. Zweig DiMenna Associates LLC purchased a new stake in Stem in the 4th quarter worth approximately $125,000. Renaissance Technologies LLC bought a new stake in shares of Stem in the 4th quarter worth approximately $169,000. Finally, Wells Fargo & Company MN grew its position in shares of Stem by 89.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,646 shares of the company’s stock worth $175,000 after buying an additional 5,492 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.

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Stem Company Profile

(Get Free Report)

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.

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