Stem Inc (STEM) said after close Thursday that it lost $0.49 per share in quarter three 2023.
On the revenue line, the company reported $133.7 million, missing estimates by $44.5 million.
In the same quarter a year ago, the company lost $0.22 per share on revenue of $99.5 million.
The stock is up 3.27% to $3.52 after the report.
Stem Inc's earnings expanded faster than revenues, signaling widening profit margins.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Stem Inc a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 47. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Stem Inc is a is provider of energy storage systems. The company bundles third-party hardware with its proprietary Athena software to provide customers a turnkey solution. Stem sells its solutions to commercial and industrial customers as well as independent power producers and renewable developers. Its solutions help customers maximize renewable energy generation and help build a cleaner and more resilient grid.
News Home
Stem Inc Up 3.27% To $3.52 After Earnings Miss
Mentioned in this article
