Stem (NYSE:STEM) Posts Quarterly Earnings Results

Stem (NYSE:STEM) released its quarterly earnings data on Tuesday. The company reported ($0.12) EPS for the quarter, beating the consensus estimate 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 prior year, the firm posted ($0.21) EPS. Stem updated its FY 2025 guidance to EPS.

Stem Price Performance

Shares of STEM stock opened at $0.41 on Wednesday. The stock has a market capitalization of $66.57 million, a PE ratio of -0.09 and a beta of 1.43. The business has a 50-day moving average of $0.64 and a 200 day moving average of $0.51. Stem has a 1-year low of $0.30 and a 1-year high of $2.44.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STEM shares. UBS Group dropped their price objective on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research note on Friday, November 8th. Piper Sandler lowered their price objective on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1.38.

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.