Roth Capital Weighs in on Stem’s Q4 Earnings (NYSE:STEM)

Stem, Inc. (NYSE:STEM) – Stock analysts at Roth Capital cut their Q4 2024 earnings per share (EPS) estimates for shares of Stem in a report released on Wednesday, October 30th. Roth Capital analyst J. Clare now expects that the company will post earnings per share of ($0.22) for the quarter, down from their prior forecast of ($0.17). The consensus estimate for Stem’s current full-year earnings is ($0.52) per share. Roth Capital also issued estimates for Stem’s Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.20) EPS, FY2025 earnings at ($0.81) EPS and FY2026 earnings at ($0.76) EPS.

A number of other equities analysts have also recently weighed in on the company. Susquehanna upped their price target on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. UBS Group reduced their price target on Stem from $2.50 to $1.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group cut their price objective on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research note on Friday. Evercore ISI cut their price objective on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, TD Cowen lowered Stem from a “buy” rating to a “hold” rating and cut their price objective for the stock from $4.00 to $1.00 in a research note on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1.90.

Stem Stock Performance

Shares of STEM stock opened at $0.40 on Monday. The stock has a market cap of $64.97 million, a PE ratio of -0.08 and a beta of 1.64. The business has a 50-day simple moving average of $0.47 and a 200-day simple moving average of $0.95. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. Stem has a 52-week low of $0.30 and a 52-week high of $4.30.

Stem (NYSE:STEM) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.01. The business had revenue of $34.00 million for the quarter, compared to the consensus estimate of $64.06 million. Stem had a negative return on equity of 87.61% and a negative net margin of 328.11%. The company’s quarterly revenue was down 63.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.56) EPS.

Institutional Trading of Stem

Several hedge funds have recently modified their holdings of STEM. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Stem in the second quarter valued at $30,000. Nisa Investment Advisors LLC raised its stake in Stem by 2,416.1% in the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock valued at $32,000 after buying an additional 27,374 shares in the last quarter. SG Americas Securities LLC raised its stake in Stem by 73.9% in the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after buying an additional 14,307 shares in the last quarter. Creative Planning raised its stake in Stem by 177.1% in the third quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after buying an additional 78,940 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in Stem in the first quarter valued at $179,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.