Stem (NYSE:STEM) Issues Earnings Results, Beats Expectations By $0.04 EPS

Stem (NYSE:STEM) released its quarterly earnings results on Tuesday. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04, Zacks reports. The business had revenue of $55.83 million during the quarter, compared to the consensus estimate of $47.89 million. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. During the same quarter in the previous year, the business earned ($0.21) EPS. Stem updated its FY 2025 guidance to EPS.

Stem Price Performance

STEM stock opened at $0.52 on Thursday. Stem has a 1 year low of $0.30 and a 1 year high of $2.34. The company has a market cap of $84.79 million, a P/E ratio of -0.10 and a beta of 1.49. The firm has a 50-day moving average of $0.65 and a 200 day moving average of $0.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Piper Sandler cut their target price on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. UBS Group cut their target price on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research note on Friday, November 8th. Roth Mkm boosted their target price on Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, BMO Capital Markets dropped their price objective on Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1.11.

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.