Stem (STEM) Projected to Post Quarterly Earnings on Wednesday

Stem (NYSE:STEM) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $47.89 million for the quarter.

Stem Price Performance

STEM opened at $0.60 on Wednesday. The firm has a market capitalization of $97.49 million, a PE ratio of -0.12 and a beta of 1.43. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $3.10. The company’s 50-day moving average is $0.61 and its 200 day moving average is $0.52.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on STEM shares. The Goldman Sachs Group reduced their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st. UBS Group reduced their target price on shares of Stem from $1.00 to $0.60 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Piper Sandler cut their price objective on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.38.

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.