Stem (NYSE:STEM) Announces Earnings Results

Stem (NYSE:STEM) announced its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04, Zacks reports. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%.

Stem Trading Up 15.3 %

Shares of NYSE:STEM traded up $0.06 during midday trading on Tuesday, hitting $0.46. The company had a trading volume of 10,741,986 shares, compared to its average volume of 13,711,569. Stem has a 12 month low of $0.30 and a 12 month high of $2.44. The firm has a fifty day simple moving average of $0.64 and a 200 day simple moving average of $0.51. The stock has a market cap of $75.03 million, a price-to-earnings ratio of -0.09 and a beta of 1.43.

Analyst Upgrades and Downgrades

STEM has been the subject of a number of research analyst reports. Piper Sandler dropped their target price on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd. UBS Group dropped their price objective 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. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently 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.