Stem (STEM) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stem in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" STEM shares.
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13 equities research analysts have issued 12 month price objectives for Stem's shares. Their STEM share price forecasts range from $3.50 to $24.00. On average, they expect the company's share price to reach $12.54 in the next twelve months. This suggests a possible upside of 205.2% from the stock's current price.
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Stem's stock was trading at $8.94 at the beginning of the year. Since then, STEM stock has decreased by 54.0% and is now trading at $4.11.
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Stem saw a increase in short interest in April. As of April 15th, there was short interest totaling 31,170,000 shares, an increase of 24.9% from the March 31st total of 24,960,000 shares. Based on an average trading volume of 5,290,000 shares, the short-interest ratio is presently 5.9 days. Currently, 22.5% of the company's stock are short sold.
View Stem's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our STEM earnings forecast.

Stem, Inc. (NYSE:STEM) issued its quarterly earnings data on Thursday, May, 4th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by $0.05. The company earned $67 million during the quarter, compared to analysts' expectations of $63.34 million. Stem had a negative net margin of 37.59% and a negative trailing twelve-month return on equity of 26.02%. The business's revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) EPS.

ETFs with the largest weight of Stem (NYSE:STEM) stock in their portfolio include SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco WilderHill Clean Energy ETF (PBW), Global X CleanTech ETF (CTEC), Invesco Global Clean Energy ETF (PBD), ALPS Clean Energy ETF (ACES), Blue Horizon BNE ETF (BNE), WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).

Stem announced that its board has approved a share buyback plan on Wednesday, May 3rd 2023, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 81.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Stem issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $82.50 million-$97.50 million, compared to the consensus revenue estimate of $96.33 million.

Stem trades on the New York Stock Exchange (NYSE) under the ticker symbol "STEM."

Stem's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.02%), Wellington Management Group LLP (2.78%), State Street Corp (2.00%), Geode Capital Management LLC (1.73%), CIBC Private Wealth Group LLC (1.06%) and William Blair Investment Management LLC (1.03%). Insiders that own company stock include Adam Daley, Alan Russo, Anil Tammineedi, David S Buzby, John Eugene Carrington, Kim Homenock, Larsh Johnson, Mark William Triplett, Prakesh Patel, Rahul Shukla, Saul R Laureles and William John Bush.
View institutional ownership trends.

Shares of STEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STEM stock can currently be purchased for approximately $4.11.

Stem (NYSE:STEM) has a market capitalization of $639.23 million and generates $362.98 million in revenue each year. The company earns $-124,050,000.00 in net income (profit) each year or ($0.95) on an earnings per share basis.

The company employs 213 workers across the globe.

Stem's mailing address is 100 Rollins Road, Millbrae CA, 94030. The official website for the company is www.stem.com. The company can be reached via phone at 1-877-374-7836 or via email at ir@stem.com.