Shares of Stem, Inc. (NYSE:STEM – Get Free Report) have earned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.54.
STEM has been the topic of several research analyst reports. UBS Group upgraded Stem from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Friday, September 25th. Susquehanna cut their price target on Stem from $7.50 to $4.50 and set a “neutral” rating for the company in a report on Wednesday, October 14th. Roth Capital reaffirmed a “neutral” rating and set a $6.75 price objective on shares of Stem in a research report on Monday, August 17th. New Street Research set a $8.00 price target on shares of Stem in a report on Monday, July 27th. Finally, Weiss Ratings cut shares of Stem from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th.
Read Our Latest Stock Analysis on Stem
Stem Trading Up 5.6%
NYSE STEM opened at $2.38 on Wednesday. The firm’s fifty day moving average price is $4.23 and its two-hundred day moving average price is $8.27. Stem has a 1 year low of $2.15 and a 1 year high of $22.12. The firm has a market capitalization of $22.87 million, a P/E ratio of -0.28 and a beta of 1.68.
Stem (NYSE:STEM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($1.58) EPS for the quarter, beating analysts’ consensus estimates of ($1.75) by $0.17. The firm had revenue of $33.65 million during the quarter, compared to analyst estimates of $36.65 million. On average, research analysts anticipate that Stem will post -7.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Stem
A number of institutional investors have recently modified their holdings of STEM. Renaissance Technologies LLC grew its stake in shares of Stem by 423.0% in the first quarter. Renaissance Technologies LLC now owns 58,575 shares of the company’s stock valued at $518,000 after acquiring an additional 47,375 shares in the last quarter. Hsbc Holdings PLC increased its position in Stem by 48.1% during the fourth quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock worth $434,000 after acquiring an additional 9,233 shares during the period. Royal Bank of Canada raised its stake in Stem by 8.8% in 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 in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Stem in the 2nd quarter worth about $99,000. Institutional investors own 61.63% of the company’s stock.
About Stem
Stem, Inc (NYSE: STEM) provides software and technology solutions for the clean energy industry. The company helps commercial, industrial, utility, and renewable energy customers manage energy storage systems, solar generation, and other distributed energy assets.
Stem’s platform uses artificial intelligence, data analytics, and automation to optimize battery charging and discharging, support electricity cost management, and participate in energy markets. Its offerings include the Athena software platform, which manages energy storage and renewable assets, as well as PowerTrack, a monitoring and asset-management solution for solar and clean energy portfolios.
The company also provides project development support, system integration, monitoring, and ongoing operations and maintenance services.
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