Stem (NYSE:STEM) Announces Earnings Results

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

Stem Stock Up 13.3 %

NYSE STEM opened at $0.52 on Thursday. Stem has a twelve month low of $0.30 and a twelve month high of $2.34. The company has a market cap of $84.79 million, a price-to-earnings ratio of -0.10 and a beta of 1.49. The business’s fifty day moving average is $0.65 and its 200 day moving average is $0.51.

Analyst Ratings Changes

STEM has been the subject of several recent analyst reports. UBS Group lowered their price target on Stem from $1.00 to $0.60 and set a “buy” rating for the company in a report on Friday, November 8th. BMO Capital Markets reduced their price objective on Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research report on Wednesday. Roth Mkm increased their price target on Stem from $0.35 to $0.40 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Piper Sandler reduced their price target on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1.11.

About Stem

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.