Stem (STEM) Expected to Announce Quarterly Earnings on Tuesday

Stem (NYSE:STEM) is expected to announce its earnings results after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of ($0.16) per share and revenue of $47.89 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Stem Price Performance

Stem stock opened at $0.43 on Friday. The stock has a market capitalization of $69.50 million, a PE ratio of -0.08 and a beta of 1.43. The firm has a 50 day simple moving average of $0.64 and a 200-day simple moving average of $0.51. Stem has a 12-month low of $0.30 and a 12-month high of $3.00.

Wall Street Analysts Forecast Growth

STEM has been the topic of a number of research analyst reports. UBS Group lowered their target price on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research note on Friday, November 8th. Piper Sandler lowered their target price on shares of Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Stem has an average rating of “Hold” and a consensus target price of $1.38.

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.