Why did stem stock hit $50 before the closing?
Months before the closing, when it was known as Star Peak Energy Transition, shares hit prices topping $50 per share. STEM stock investor enthusiasm was off-the-charts for this renewable energy storage play.
Why has stem stock been trading sideways this year?
Stem (NYSE: STEM) stock has traded sideways, since the SPAC (special purpose acquisition company) merger that took it public closed in late April. Months before the closing, when it was known as Star Peak Energy Transition, shares hit prices topping $50 per share.
Is stem stock a good buy?
Stem Stock Is Simply to Richly Valued To Buy at Current Levels While possibly one of the best renewable energy plays, STEM stock could be vulnerable if growth stocks correct again By Thomas Niel Jun 4, 2021, 5:01 am EDT
What is the 12-month stock price forecast for stem?
The 12-month stock price forecast is 38.00, which is an increase of 100.32% from the latest price. Stem CEO John Carrington appeared on Friday's episode of "Mad Money," one day after Stem announced plans to acquire Also Energy Holdings in a stock and cash deal.
Is STEM stock a good investment?
Stem Inc has a Long-Term Technical rank of 7. This means that trading over the last 200 trading days has placed the company in the lower half of stocks with 93% of the market scoring higher. In the Software - Infrastructure industry which is number 113 by this metric, STEM ranks better than 11% of stocks.
Will STEM stock ever go up?
Stem has some optimistic views on its growth opportunity. The company projects full-year 2021 revenue of $147 million, implying $72.5 million in revenue in Q4, which is almost as much as the company made in the first nine months of the year.
Should I sell STEM stock?
Is Stem a buy right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Stem in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Stem stock.
What is the future for STEM stock?
Stem, recently trading at about eight times estimated 2022 enterprise value to sales, looks expensive. But its revenue is expected to more than double in 2022, to $315 million. The Russell 1000 Growth Index trades around four times estimated 2022 sales, but its revenue is projected to rise about 9% from 2021 to 2022.
Is Stem stock profitable?
Stem is bordering on breakeven, according to the 5 American Electrical analysts. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$25m in 2024. So, the company is predicted to breakeven approximately 2 years from now.
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 buy Zacks?
Zacks' proprietary data indicates that Stem, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the STEM shares relative to the market in the next few months.
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.
What is Nio price target?
NIO Inc (NYSE:NIO) The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 31.49, with a high estimate of 82.76 and a low estimate of 23.02.
Higher Gross Margins Required To Enhance Near-Term Profitability
The Hardware-Software Future
As Stem is hardware-agnostic, it simply sources its batteries from the cheapest manufacturers for hardware gross margins between 10% and 30%. The company recently reported its first-quarter earnings for its fiscal 2021 where it saw gross margins of -1%. However, this was still up from -34% in the year-ago quarter.
Does Thomas Niel have any positions in the securities mentioned in this article?
Stem's hardware sales will constitute the majority of revenue for its foreseeable future. But as software sales grow the company wants to be able to find a sweet spot where it can optimize its revenue mix and start generating free cash flow.
Is it worth paying up now?
On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Is STEM stock vulnerable?
Yet, as its projections turn into tangible results, it could become worth many times what it trades for today. Even so, that doesn’t necessarily mean you should jump in right now.
What does a steady stream of press releases do to STEM stock?
While possibly one of the best renewable energy plays, STEM stock could be vulnerable if growth stocks correct again
How much money did stem make in 2020?
A steady stream of press releases increases STEM stock brand awareness in the clean energy community. The company is doing what no other competitor can do.
Did stem lift its full year guide?
In 2020, Stem's revenue was $36.31 million, an increase of 106.85% compared to the previous year's $17.55 million. Losses were -$156.12 million, 162.8% more than in 2019.
Is stem a first mover?
Stem's management didn't lift its full-year guide, which investors hoped would happen after such a strong quarter. We don't see this as worrisome, however, since the full-year guide is very ambitious.
Signals & Forecast
Stem has clear first-mover advantage with its AI-driven clean energy storage service offering. That story seems to be catching fire as investors stoke the share price for a fourth day.
Support, Risk & Stop-loss
There are mixed signals in the stock today. The Stem Holdings, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Is Stem Holdings, Inc. stock A Buy?
Stem Holdings, Inc. finds support from accumulated volume at $0.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Insiders are very negative
Stem Holdings, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
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Why do customers choose Stem?
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
When will stem go public?
Stem's battery storage systems address that problem, storing energy as it's made and distributing it in those moments of intermittency. Customers such as Apple, Amazon.com, UPS, Alphabet, Facebook, Home Depot, and Walmart have all lowered their electricity costs and benefited from tax credits due to using Stem's battery storage systems.
What is stem athena?
Sometime early in 2021, Stem will go public via a reverse merger with Star Peak Energy Transition Corp ( NYSE:STPK) -- and the combined company seems likely to beat the market for three crucial reasons. Image source: Getty Images.
How much revenue does stem have in 2020?
Athena, Stem's patented AI and machine learning software, determines intelligently when and where to distribute the energy from the batteries. Athena provides businesses, utility companies, and power generation companies the flexibility to buy energy at the cheapest times, to use more renewable energy, to sell energy at the best price, ...
Who owns Star Peak?
Stem doubled its revenue in 2020 to $36 million, and it's expecting to grow in the next five years at a compounded annual rate of 51% to $944 million. The business is not free cash flow-positive yet, but it expects to reach this milestone by 2023.
Is stem stock slow growing?
Fool contributor Dominic Rinaldi owns shares of Star Peak, Apple, and Facebook. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
Is it risky to invest in a company in its first year?
Energy stocks can be slow-growing, with low margins, and subject to political policy risk. But, Stem has accelerated revenue growth and expanding gross margins, and a current presidential administration is creating policies to support renewable energy and fight climate change.
