Stem’s (STEM) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Stem (NYSE:STEM) in a report issued on Friday morning,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Barclays set a $13.00 price objective on Stem and gave the stock an “equal weight” rating in a research report on Monday, August 11th. UBS Group increased their price target on shares of Stem from $8.60 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Finally, Susquehanna raised 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. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $12.14.

Stem Stock Up 14.2%

Shares of NYSE:STEM opened at $23.64 on Friday. Stem has a 52 week low of $5.81 and a 52 week high of $33.60. The company has a 50-day moving average price of $18.78 and a 200 day moving average price of $13.19. The company has a market cap of $198.36 million, a P/E ratio of -0.82 and a beta of 1.34.

Stem (NYSE:STEM) last issued its earnings results on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) 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. Analysts expect that Stem will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Stem

Institutional investors and hedge funds have recently made changes to their positions in the business. Cerity Partners LLC acquired a new stake in Stem in the 1st quarter valued at about $29,000. CWM LLC raised its position 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 acquiring an additional 68,386 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Stem by 22.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company’s stock valued at $156,000 after purchasing an additional 80,000 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Stem by 5.6% in the first quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock valued at $307,000 after purchasing an additional 46,573 shares during the last quarter. Finally, Nomura Holdings Inc. increased its stake in shares of 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. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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.