Roth Capital Analysts Reduce Earnings Estimates for Stem

Stem, Inc. (NYSE:STEM) – Equities research analysts at Roth Capital decreased their Q4 2024 earnings estimates for shares of Stem in a research note issued on Wednesday, October 30th. Roth Capital analyst J. Clare now forecasts that the company will post earnings of ($0.22) per share for the quarter, down from their previous estimate 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.

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

A number of other brokerages have also weighed in on STEM. TD Cowen lowered Stem from a “buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $1.00 in a report on Wednesday, August 7th. Susquehanna raised their price target on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Barclays dropped their price objective on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. 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 report on Friday. Finally, UBS Group lowered their price target on shares of Stem from $2.50 to $1.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stem presently has an average rating of “Hold” and an average target price of $1.90.

Stem Price Performance

NYSE STEM opened at $0.42 on Monday. The company has a market cap of $68.30 million, a price-to-earnings ratio of -0.08 and a beta of 1.64. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.66 and a quick ratio of 1.51. The stock’s fifty day moving average price is $0.47 and its 200 day moving average price is $0.94. Stem has a 1 year low of $0.30 and a 1 year high of $4.30.

Institutional Trading of Stem

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after acquiring an additional 78,940 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Stem in the 2nd quarter worth about $405,000. AQR Capital Management LLC boosted its position in Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after purchasing an additional 764,401 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Stem by 4,330.5% in the second quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock valued at $545,000 after purchasing an additional 480,163 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Stem by 7.4% in the second quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock valued at $1,133,000 after buying an additional 71,956 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.