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

Stem (NYSE:STEM) announced 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 firm had revenue of $33.65 million during the quarter, compared to analyst estimates of $36.65 million.

Stem Price Performance

STEM stock traded down $0.44 during trading hours on Wednesday, reaching $5.45. 207,339 shares of the stock were exchanged, compared to its average volume of 169,256. The firm’s 50-day moving average is $6.90 and its 200-day moving average is $9.56. Stem has a 12 month low of $4.92 and a 12 month high of $32.23. The company has a market cap of $48.82 million, a price-to-earnings ratio of -0.63 and a beta of 1.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Stem by 258.1% during the third quarter. IFP Advisors Inc now owns 1,479 shares of the company’s stock worth $26,000 after buying an additional 1,066 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in Stem during the 2nd quarter worth approximately $97,000. Renaissance Technologies LLC bought a new position in shares of Stem during the 4th quarter worth approximately $169,000. Wells Fargo & Company MN grew its stake in shares of Stem by 89.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,646 shares of the company’s stock worth $175,000 after acquiring an additional 5,492 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Stem in the fourth quarter valued at approximately $177,000. 61.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on STEM shares. Wall Street Zen lowered Stem from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Barclays lowered their price target on Stem from $18.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. UBS Group reaffirmed 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. Susquehanna cut their price objective on Stem from $10.00 to $7.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Stem in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price 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.