Recognized as Largest Energy Storage Virtual Power Plant Operator in North America by Wood Mackenzieįirst Quarter 2023 Financial and Operating Highlights Reaffirm Full-Year 2023 Financial and Operating Guidance All registered trademarks are the property of their respective owners.Record First Quarter Revenue of $67 million, Above High End of Guidance Range Past performance is not a guarantee of future results. We are not responsible for any damages or losses arising from the use of any information herein. We urge our readers to review the financial statements and prospectus of any company they are interested in. Before you make any investment, check with your investment professional (advisor). We are a publishing company and the opinions, comments, stories, reports, advertisements and articles we publish are for informational and educational purposes only nothing herein should be considered personalized investment advice. The opinions in this content are just that, opinions of the authors. Please do not invest with money you cannot afford to lose. Warning: Investing often involves high risks and you can lose a lot of money. Information contained herein, while believed to be correct, is not guaranteed as accurate. We are 100% independent in that we are not affiliated with any bank or brokerage house. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and analysis. The obvious immediate targets are the 50-day moving average at $9.99 and the 200-day moving average at $18.83.ĭear Reader: There is no magic formula to getting rich. Stem Inc’s stock chart shows a high amount of potential. The company’s interest expense of $17.4 million in 2021 isn’t a problem. Stem Inc’s balance sheet has solid working capital, debt of $420.1 million, and sufficient cash of $920.8 million. Analysts expect Stem’s revenues to increase by 200.5% to $382.8 million in 2022, followed by a 67.4% increase to $641.0 million in 2023. The company’s forward growth looks impressive. (Source: “ Investor Relations,” Stem Inc, last accessed April 25, 2022.) Stem Inc’s clients include Fortune 500 companies, independent power producers, project developers, project installers, and utilities. The obvious immediate targets are the 50-day moving average at $9.99 and the 200-day moving average at $18.83. Stem Inc's stock chart shows a high amount of potential. The company's interest expense of $17.4 million in 2021 isn't a problem. Stem Inc's balance sheet has solid working capital, debt of $420.1 million, and sufficient cash of $920.8 million. Stem Inc is likely still years away from generating profitability and positive earnings before interest, taxes, depreciation, and amortization (EBITDA), but the company has the time and resources to accomplish that. Analysts expect Stem's revenues to increase by 200.5% to $382.8 million in 2022, followed by a 67.4% increase to $641.0 million in 2023. The company's forward growth looks impressive. (STEM),” Yahoo! Finance, last accessed April 25, 2022.) Stem Inc grew its revenues from $7.0 million in 2018 to $127.4 million in 2021, representing a compound annual growth rate (CAGR) of 162.8%. Given the aggressive green energy strategy worldwide, Stem stock has tons of upside potential. (Source: " Investor Relations," Stem Inc, last accessed April 25, 2022.) Stem Inc's clients include Fortune 500 companies, independent power producers, project developers, project installers, and utilities. The company uses artificial intelligence to help its clients maximize their renewable energy generation and build efficient and clean power grids. Stem stock is an intriguing play on the renewable energy sector. As of this writing, its shares are down by a whopping 85% from their record high of $51.49, set in February 2021. One contrarian opportunity is Stem Inc (NYSE:STEM). What investors need is patience and the stomach to ride out the volatility. While the sentiment toward technology stocks is bearish, I feel that there are several aggressive contrarian opportunities. On the Nasdaq, 70% of the stocks are below their 50-day moving averages and 72% are below their 200-day moving averages. The current extreme selling in the technology and growth segments of the stock market has presented aggressive contrarian opportunities to traders who are willing to deal with volatility. Stem Inc Uses Artificial Intelligence to Manage Renewable Energy Systems
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |