Stem (NYSE:STEM) Shares Down 7.6% – Here’s What Happened

Stem, Inc. (NYSE:STEM)’s stock price fell 7.6% during trading on Friday . The stock traded as low as $4.71 and last traded at $4.73. Approximately 201,137 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 89,737 shares. The stock had previously closed at $5.12.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STEM shares. UBS Group reaffirmed a “neutral” rating and issued a $7.00 price target (down from $10.50) on shares of Stem in a report on Friday, August 14th. New Street Research set a $8.00 price objective on Stem in a research note on Monday, July 27th. Susquehanna dropped their price objective on Stem from $10.00 to $7.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Roth Capital restated a “neutral” rating and issued a $6.75 target price on shares of Stem in a research note on Monday, August 17th. Finally, Wall Street Zen raised Stem from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Stem has an average rating of “Reduce” and a consensus price target of $7.45.

Stem Trading Down 7.6%

The stock’s fifty day moving average price is $5.88 and its 200 day moving average price is $8.25. The stock has a market cap of $45.55 million, a P/E ratio of -0.56 and a beta of 1.52.

Stem (NYSE:STEM) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($1.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.75) by $0.17. The company had revenue of $33.65 million for the quarter, compared to the consensus estimate of $36.65 million. On average, analysts anticipate that Stem, Inc. will post -7.04 earnings per share for the current year.

Institutional Investors Weigh In On Stem

Several hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in shares of Stem by 258.1% in the 3rd quarter. IFP Advisors Inc now owns 1,479 shares of the company’s stock worth $26,000 after purchasing an additional 1,066 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Stem during the 4th quarter valued at about $29,000. Bridgeway Capital Management LLC bought a new stake in Stem in the 2nd quarter worth approximately $97,000. Engineers Gate Manager LP bought a new stake in Stem in the 2nd quarter worth approximately $99,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Stem in the fourth quarter worth approximately $125,000. Institutional investors own 61.63% of the company’s stock.

About Stem

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.