Stem, Inc. (NYSE:STEM) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Stem, Inc. (NYSE:STEM) have been given a consensus recommendation of “Reduce” by the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.45.

A number of brokerages have recently issued reports on STEM. Susquehanna cut their target price on shares of Stem from $10.00 to $7.50 and set a “neutral” rating on the stock in a research note on Friday, July 10th. UBS Group reissued a “neutral” rating and issued a $7.00 price objective (down from $10.50) on shares of Stem in a report on Friday, August 14th. New Street Research set a $8.00 price objective on Stem in a research note on Monday, July 27th. Wall Street Zen upgraded Stem from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Roth Capital reissued a “neutral” rating and set a $6.75 price target on shares of Stem in a research report on Monday, August 17th.

Stem Stock Performance

Shares of STEM opened at $4.75 on Tuesday. Stem has a one year low of $4.61 and a one year high of $32.23. The stock has a 50-day moving average price of $5.82 and a 200 day moving average price of $8.19. The company has a market capitalization of $45.72 million, a P/E ratio of -0.56 and a beta of 1.52.

Stem (NYSE:STEM) last released its earnings results on Wednesday, August 12th. The company reported ($1.58) EPS for the quarter, beating the consensus estimate of ($1.75) by $0.17. The business had revenue of $33.65 million for the quarter, compared to analysts’ expectations of $36.65 million. As a group, equities research analysts forecast that Stem will post -7.04 earnings per share for the current fiscal year.

Institutional Trading of Stem

A number of institutional investors and hedge funds have recently modified their holdings of STEM. International Assets Investment Management LLC bought a new stake in shares of Stem during the 4th quarter valued at about $29,000. Zweig DiMenna Associates LLC bought a new position in shares of Stem during the fourth quarter valued at approximately $125,000. Engineers Gate Manager LP bought a new position in shares of Stem during the second quarter valued at approximately $99,000. Royal Bank of Canada raised its position in shares of Stem by 8.8% during the 1st quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock worth $249,000 after purchasing an additional 2,275 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Stem by 48.1% during the 4th quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock worth $434,000 after purchasing an additional 9,233 shares during the period. 61.63% of the stock is owned by institutional investors and hedge funds.

Stem Company Profile

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.