Stem (NYSE:STEM) Posts Earnings Results

Key Points

• Stem reported a loss of ($3.73) earnings per share (EPS), missing analysts' expectations by ($0.73), although the revenue of $38.40 million surpassed the consensus estimate of $32.18 million.
• AQR Capital Management increased its stake in Stem by 505.8%, owning approximately 1.48 million shares, while institutional investors currently hold 61.63% of the company's stock.
• Analysts maintain a "Hold" rating on Stem, with a consensus target price of $11.43 after some brokerages raised their price objectives.

Stem (NYSE:STEM - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($3.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.00) by ($0.73), Zacks reports. The company had revenue of $38.40 million during the quarter, compared to the consensus estimate of $32.18 million. Stem updated its FY 2025 guidance to EPS.

Stem Stock Performance

Shares of STEM traded up $0.13 during trading hours on Friday, hitting $12.58. The stock had a trading volume of 528,827 shares, compared to its average volume of 915,151. The firm has a 50-day moving average price of $10.55 and a 200 day moving average price of $9.83. Stem has a fifty-two week low of $5.81 and a fifty-two week high of $33.60. The firm has a market capitalization of $104.67 million, a price-to-earnings ratio of -0.43 and a beta of 1.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Stem stock. AQR Capital Management LLC increased its position in shares of Stem, Inc. (NYSE:STEM - Free Report) by 505.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,482,790 shares of the company's stock after purchasing an additional 1,238,012 shares during the quarter. AQR Capital Management LLC owned approximately 0.90% of Stem worth $519,000 as of its most recent filing with the SEC. Institutional investors own 61.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STEM. Susquehanna increased their price objective on shares of Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. UBS Group reiterated a "neutral" rating on shares of Stem in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Stem currently has an average rating of "Hold" and a consensus target price of $11.43.

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.

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