SCP Investment LP Buys 100,000 Shares of Stem, Inc. (NYSE:STEM)

SCP Investment LP raised its stake in shares of Stem, Inc. (NYSE:STEM) by 36.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 370,888 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. SCP Investment LP owned 0.23% of Stem worth $129,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in STEM. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Stem by 15.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 167,298 shares of the company’s stock valued at $366,000 after acquiring an additional 22,703 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Stem by 45.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 158,102 shares of the company’s stock valued at $347,000 after purchasing an additional 49,713 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in Stem by 204.6% in the first quarter. Levin Capital Strategies L.P. now owns 390,000 shares of the company’s stock worth $854,000 after purchasing an additional 261,980 shares during the period. Tidal Investments LLC boosted its stake in Stem by 904.0% during the first quarter. Tidal Investments LLC now owns 121,741 shares of the company’s stock worth $267,000 after buying an additional 109,616 shares in the last quarter. Finally, Swedbank AB bought a new stake in Stem in the 1st quarter valued at $346,000. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Price Performance

Stem stock opened at $0.34 on Wednesday. The business’s fifty day moving average is $0.44 and its two-hundred day moving average is $0.84. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 1.10. The firm has a market cap of $55.56 million, a P/E ratio of -0.07 and a beta of 1.65. Stem, Inc. has a 52 week low of $0.30 and a 52 week high of $4.30.

Analyst Upgrades and Downgrades

STEM has been the subject of a number of analyst reports. TD Cowen downgraded shares of Stem from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. Barclays decreased their price objective on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. Evercore ISI dropped their target price on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group decreased their price target on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Susquehanna increased their price objective on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1.86.

Stem Profile

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.