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

Stem (NYSE:STEM) issued its quarterly earnings results on Wednesday. The company reported ($1.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.75) by $0.17, Zacks reports. The business had revenue of $33.65 million during the quarter, compared to analyst estimates of $36.65 million.

Stem Trading Down 7.5%

Shares of STEM traded down $0.44 during midday trading on Wednesday, reaching $5.45. The stock had a trading volume of 207,339 shares, compared to its average volume of 169,256. The firm has a 50 day simple moving average of $6.90 and a 200-day simple moving average of $9.56. Stem has a one year low of $4.92 and a one year high of $32.23. The firm has a market cap of $48.82 million, a PE ratio of -0.63 and a beta of 1.50.

Institutional Investors Weigh In On Stem

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STEM. Roth Capital restated a “neutral” rating and set a $11.00 price objective on shares of Stem in a research note on Thursday, May 7th. Wall Street Zen lowered Stem from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. UBS Group reissued a “neutral” rating and set a $10.50 price target (down from $12.00) on shares of Stem in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Stem in a research note on Friday, July 24th. Finally, New Street Research set a $8.00 price target on Stem in a research report on Monday, July 27th. Four investment 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, the stock has an average rating of “Reduce” and a consensus price target of $9.00.

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.