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why is stem stock down today

by Dr. Eldred Kassulke Published 3 years ago Updated 2 years ago
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Is stem stock a buy below 20?

Apr 14, 2022 · Very Negative. Source. Headline. Stem (NYSE:STEM) Shares Gap Down to $11.72. americanbankingnews.com - April 7 at 12:18 PM. Stem (NYSE:STEM) Trading Down 7%. americanbankingnews.com - April 6 at 11:58 AM. Stem, Inc. (NYSE:STEM) Sees Large Decline in Short Interest. americanbankingnews.com - April 1 at 3:12 PM.

Is stem technologies on the right path to success?

Apr 12, 2022 · Real-time trade and investing ideas on Stem, Inc. STEM from the largest community of traders and investors.

Is it worth it to buy stem in 2022?

Nov 17, 2021 · That sent the shares down as much as 13.2% before the stock finally closed with a drop of 9.9%. Image source: Getty Images. ... Why Stem Stock Jumped 10.6% Today. Motley Fool …

Why is Rivian Automotive stock down this week?

Apr 11, 2022 · STEM | Complete Stem Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.

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Why is the stem down today?

Q3 sales more than doubled sequentially from just the prior quarter. But today, the company disappointed those same investors with an announcement that it was raising debt. That sent the shares down as much as 13.2% before the stock finally closed with a drop of 9.9%. Image source: Getty Images.Nov 17, 2021

Is stem Inc a buy or sell?

Stem has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Is stem profitable?

According to the 4 industry analysts covering Stem, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$30m in 2023. Therefore, the company is expected to breakeven just over a year from today.Feb 8, 2022

Is stem stock overvalued?

To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of US$19.8, the company appears slightly overvalued at the time of writing.Dec 24, 2021

Is Stem a good company?

Financially, Stem is not very strong. Revenue has been growing at a rapid pace -- in the third quarter of 2021, its revenue grew 334% year over year to $40 million -- but its gross margin and profitability are very poor.Feb 4, 2022

Who are Stem competitors?

Stem's top competitors include Advanced Microgrid Solutions, Sunverge Energy, EnerVault, GELI, Bidgely and Ohmconnect. Stem is a company developing energy storage and predictive energy software solutions.

Is Stem a SPAC?

Stem and Star Peak Energy Transition Corp — A SPAC That Did It Right.Jun 10, 2021

Does Stem make their own batteries?

California-based STEM does not own a factory. And still, its bread and butter are large-scale commercial storage systems. The company assembles battery cells and power electronics made by others and adds a software layer.Feb 2, 2017

What companies use stem Inc?

Stem operates the world's largest digital network of energy storage systems and serves dozens of Fortune 500 companies, including Whole Foods, Amazon, Walmart, Adobe, and UPS.

Is Stem stock undervalued?

Is Stem Inc Stock Undervalued? The current Stem Inc [STEM] share price is $10.80. The Score for STEM is 35, which is 30% below its historic median score of 50, and infers higher risk than normal. STEM is currently trading in the 30-40% percentile range relative to its historical Stock Score levels.

What does the company Stem do?

As the first public pure play smart energy storage company, Stem delivers and operates battery storage solutions that maximize renewable energy generation and help build a cleaner, more resilient grid. Our customers include Fortune 500 companies, project developers, utilities and independent power producers.

Key Points

NYSE: STEM

Even with a solid amount of cash on its balance sheet, Stem decided to raise more capital.

What happened

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So what

Last week, smart battery storage solutions company Stem ( STEM -20.42% ) announced it achieved record revenue in its third quarter that grew 334% versus the year-ago period. That led the company to affirm its prior guidance for full-year 2021 revenue of $147 million.

Now what

Stem has proposed to raise $350 million in new debt in a private placement offering of green convertible senior notes due 2028. One aspect related to the announcement that might have spooked investors is that last week, the company reported it ended Q3 with $576 million in cash, cash equivalents, and short-term investments, and no debt.

Premium Investing Services

The company put forth an upbeat tone in its earnings release. It said its 12-month forward project pipeline has grown by 41% just since the prior three-month period. The company indicated business was strong in new markets, particularly with front-of-the-meter (FTM) battery-storage opportunities, which are typically utility-scale systems.

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