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

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for Stem (NYSE:STEM), indicating ongoing concerns regarding the company's performance.
• Major equity analysts have recently adjusted their price targets for Stem, with Susquehanna increasing theirs from $12.00 to $21.00 and UBS from $8.60 to $16.00, both assigning a "neutral" rating.
• Stem reported a loss of ($3.73) earnings per share for the last quarter, missing analysts' expectations while achieving revenue of $38.40 million, which surpassed estimates.

Stem (NYSE:STEM - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on STEM. Susquehanna upped their price objective on shares of Stem from $12.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, October 13th. UBS Group boosted their price target on Stem from $8.60 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Finally, Barclays set a $13.00 price target on Stem and gave the company an "equal weight" rating in a research report on Monday, August 11th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Stem currently has an average rating of "Reduce" and an average target price of $12.14.

Stem Price Performance

NYSE STEM opened at $23.64 on Friday. Stem has a 1 year low of $5.81 and a 1 year high of $33.60. The company has a market capitalization of $198.36 million, a PE ratio of -0.82 and a beta of 1.34. The company has a fifty day moving average of $18.78 and a two-hundred day moving average of $13.10.

Stem (NYSE:STEM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.00) by ($0.73). The business had revenue of $38.40 million for the quarter, compared to the consensus estimate of $32.18 million. Stem has set its FY 2025 guidance at EPS. On average, research analysts expect that Stem will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STEM. Cerity Partners LLC purchased a new position in Stem during the first quarter worth about $29,000. CWM LLC raised its holdings in Stem by 317.7% during the first quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after purchasing an additional 68,386 shares in the last quarter. Electron Capital Partners LLC raised its holdings in Stem by 24.7% during the first 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. Nomura Holdings Inc. raised its holdings in Stem by 24.1% during the first 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. Finally, Bridgeway Capital Management LLC purchased a new position in Stem during the second quarter worth about $97,000. 61.63% of the stock is owned by hedge funds and other institutional investors.

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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