Streetbeat News

STEM

Stem, Inc.

https://www.stem.com

Industry

Software - Infrastructure

Stem, Inc. operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems. In addition, it offers system design and engineering services, supply chain management, energy storage value stream optimization, warranty and preventive maintenance plan management, operation and maintenance reporting, and program enrollment and incentive management services. The company serves commercial and industrial enterprises, independent power producers, renewable project developers, and utilities and grid operators. Stem, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Open

0.36

Mkt cap

59M

Volume

4.2M

High

0.37

P/E Ratio

-0.07

52-wk high

4.30

Low

0.35

Div yield

N/A

52-wk low

0.30

Stem Inc. shares are trading lower following the announcement of disappointing Q1 financial results and a reduction in its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:38 pm

Stem has revised its FY24 revenue guidance downwards from $600M-$700M to $567M-$667M, against an estimate of $672.29M. This adjustment is attributed to a $33M reduction in revenue. Despite this, the company maintains its previous guidance for non-GAAP Gross Margin, Adjusted EBITDA, Bookings, CARR, and Operating Cash Flow. The revised revenue forecast is detailed by quarterly performance percentages.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:53 pm

Stem Inc. (STEM) reported Q1 2024 earnings with a GAAP EPS of $(0.46), missing the $(0.20) estimate, and sales of $25.469M, falling short of the $57.111M estimate. This represents a significant decrease in performance compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:51 pm

Stem Inc. (STEM) reported Q1 earnings with a loss of $(0.46) per share, missing the $(0.21) estimate, and sales of $25.47M, falling short of the $57.11M estimate. This represents a significant decrease from the previous year's performance.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:50 pm

In Thursday's after-market session, Paylocity Holding (PCTY) led the gainers with a 12.3% increase following their Q3 earnings release, while Terran Orbital (LLAP) led the losers, declining 19.4%. Other notable movements included iSun (ISUN) and Matthews International (MATW) with positive shifts after their earnings reports, and AAON and Stem (STEM) experiencing significant drops post their earnings announcements.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:31 pm

Piper Sandler analyst Kashy Harrison maintains a Neutral rating on Stem, Inc. (NYSE:STEM) and lowers the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:27 pm

In Wednesday's intraday session, several industrials stocks experienced significant movements. Notably, NuScale Power (SMR) surged 26.0%, while Velo3D (VLD) plummeted by 41.7% following its Q4 earnings report. Other gainers include Pixie Dust Technologies (PXDT), SunPower (SPWR), Sunrun (RUN), Stem (STEM), and ESGL Holdings (ESGL). On the losing side, besides Velo3D, C3is (CISS), Professional Diversity (IPDN), Earlyworks Co (ELWS), Knightscope (KSCP), and Bowman Consulting Group (BWMN) saw declines, with CISS also reacting to its Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, voxeljet, Hyzon Motors, and FedEx experienced gains, with voxeljet rising 18.6%, Hyzon Motors 12.13%, and FedEx 10.52%. On the downside, Li-Cycle Holdings, Fusion Fuel Green, and Stem saw declines, with Li-Cycle Holdings dropping 6.2%, Fusion Fuel Green 5.36%, and Stem 4.89%. These movements reflect various factors, including earnings reports and market valuations.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 1:06 pm

Stem Inc.'s stock is trading lower following a downgrade by Goldman Sachs from Buy to Neutral, with a reduced price target from $5.50 to $2.50.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:43 am

Goldman Sachs analyst Brian Lee downgraded Stem (NYSE:STEM) from Buy to Neutral and reduced the price target from $5.5 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:39 am

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