Stem, Inc. (NYSE:STEM) Given Consensus Rating of "Hold" by Brokerages

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have received a consensus recommendation of "Hold" from the nine analysts that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.22.

Several equities analysts recently commented on STEM shares. UBS Group reiterated a "neutral" rating on shares of Stem in a research note on Monday, April 14th. Susquehanna increased their price objective on shares of Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st.

Institutional Investors Weigh In On Stem

Several large investors have recently made changes to their positions in the company. Electron Capital Partners LLC grew its holdings in shares of Stem by 24.7% in the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock worth $57,000 after purchasing an additional 32,313 shares during the last quarter. Bank of America Corp DE grew its holdings in Stem by 25.3% during the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company's stock worth $111,000 after acquiring an additional 37,115 shares during the last quarter. Nomura Holdings Inc. grew its holdings in Stem by 24.1% during the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company's stock worth $80,000 after acquiring an additional 44,433 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Stem by 5.6% during the 1st quarter. Hsbc Holdings PLC now owns 873,282 shares of the company's stock worth $307,000 after acquiring an additional 46,573 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Stem by 8.7% during the 4th quarter. Wells Fargo & Company MN now owns 678,685 shares of the company's stock worth $409,000 after acquiring an additional 54,194 shares during the last quarter. Institutional investors own 61.63% of the company's stock.

Stem Trading Down 9.7%

Shares of Stem stock opened at $8.42 on Friday. The stock has a market capitalization of $70.05 million, a price-to-earnings ratio of -0.09 and a beta of 1.24. Stem has a 1-year low of $5.81 and a 1-year high of $33.60. The firm has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $10.18.

Stem (NYSE:STEM - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($3.00) EPS for the quarter, beating the consensus estimate of ($4.00) by $1.00. The company had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. As a group, research analysts predict that Stem will post -0.52 earnings per share for the current year.

Stem Company Profile

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.

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