Weiss Ratings Reiterates "Sell (D-)" Rating for Stem (NYSE:STEM)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Stem (NYSE:STEM), indicating ongoing concerns about the company's stock performance.
• Various brokerages have set a consensus price target of $10.86 for Stem, with most ratings leaning towards "Hold" despite some upward adjustments by firms like UBS Group.
• Stem recently reported quarterly earnings that missed consensus estimates, with a loss of ($3.73) per share, suggesting financial challenges ahead for the company.

Stem (NYSE:STEM - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on STEM. UBS Group boosted their target price on Stem from $8.60 to $16.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Barclays set a $13.00 target price on Stem and gave the company an "equal weight" rating in a research note on Monday, August 11th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $10.86.

Stem Stock Performance

Shares of STEM stock traded up $0.46 on Wednesday, reaching $23.47. 405,962 shares of the company's stock traded hands, compared to its average volume of 382,304. Stem has a 12-month low of $5.81 and a 12-month high of $33.60. The company has a market capitalization of $196.91 million, a P/E ratio of -0.81 and a beta of 1.34. The business's 50 day moving average price is $16.23 and its two-hundred day moving average price is $11.73.

Stem (NYSE:STEM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($3.73) earnings per share for the quarter, missing analysts' consensus estimates of ($3.00) by ($0.73). The firm had revenue of $38.40 million during the quarter, compared to analyst estimates of $32.18 million. Stem has set its FY 2025 guidance at EPS. Research analysts predict that Stem will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC bought a new position in Stem during the 2nd quarter worth about $97,000. Marshall Wace LLP bought a new position in Stem during the 2nd quarter worth about $187,000. Electron Capital Partners LLC increased its holdings in Stem by 24.7% during 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 in the last quarter. Bank of America Corp DE increased 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 purchasing an additional 37,115 shares in the last quarter. Finally, Nomura Holdings Inc. increased 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 purchasing an additional 44,433 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

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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