Stem (STEM) Projected to Post Quarterly Earnings on Wednesday

Stem (NYSE:STEM) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Stem to post earnings of ($0.15) per share and revenue of $47.89 million for the quarter.

Stem Trading Up 17.5 %

STEM stock opened at $0.60 on Wednesday. The firm’s 50-day moving average price is $0.61 and its two-hundred day moving average price is $0.52. Stem has a 12-month low of $0.30 and a 12-month high of $3.10. The stock has a market capitalization of $97.49 million, a price-to-earnings ratio of -0.12 and a beta of 1.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research note on Friday, November 1st. UBS Group cut 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. Finally, Piper Sandler cut 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.