Research Analysts Offer Predictions for Stem Q4 Earnings

Stem, Inc. (NYSE:STEM) – Equities researchers at Roth Capital decreased their Q4 2024 earnings per share (EPS) estimates for shares of Stem in a note issued to investors on Wednesday, October 30th. Roth Capital analyst J. Clare now anticipates that the company will earn ($0.22) per share for the quarter, down from their previous estimate of ($0.17). The consensus estimate for Stem’s current full-year earnings is ($0.52) per share. Roth Capital also issued estimates for Stem’s Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.20) EPS, FY2025 earnings at ($0.81) EPS and FY2026 earnings at ($0.76) EPS.

STEM has been the topic of several other reports. Evercore ISI reduced their target price on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. TD Cowen lowered shares of Stem from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. UBS Group decreased their price target on shares of Stem from $2.50 to $1.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays decreased their price objective on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. Finally, Susquehanna boosted their target price on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1.90.

Stem Trading Up 2.5 %

Shares of STEM stock opened at $0.43 on Monday. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $70.01 million, a P/E ratio of -0.09 and a beta of 1.65. Stem has a 12-month low of $0.30 and a 12-month high of $4.30. The firm has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.94.

Stem (NYSE:STEM) last issued its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.01. The company had revenue of $34.00 million for the quarter, compared to the consensus estimate of $64.06 million. Stem had a negative net margin of 328.11% and a negative return on equity of 87.61%. The firm’s revenue for the quarter was down 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.56) EPS.

Institutional Trading of Stem

Several hedge funds have recently added to or reduced their stakes in STEM. SG Americas Securities LLC lifted its position in Stem by 73.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after acquiring an additional 14,307 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Stem by 8.8% during the 2nd quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock worth $291,000 after acquiring an additional 21,249 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Stem by 15.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 167,298 shares of the company’s stock valued at $366,000 after purchasing an additional 22,703 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Stem in the second quarter worth $30,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Stem by 2,416.1% during the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock worth $32,000 after purchasing an additional 27,374 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.