Susquehanna cuts target for Stem stock to USD 4.50

Published on 10/18/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Stem reported USD 33.65 million revenue in the second quarter of 2026, down 12.00 percent. For Stem stock, results are scheduled for November 5, 2026.

Analyst target and results

Susquehanna cut its Stem target from USD 7.50 to USD 4.50 on October 14, 2026.
Stem reported USD 33.65 million in second-quarter 2026 revenue, down 12.00 percent year over year.
Stem stock was last at USD 3.48 at 4:00 p.m. ET on October 16, 2026, on the NYSE.
Stem scheduled its third-quarter 2026 results call for November 5, 2026.

STEM, US85859N3008, Illustration mit AI erstellt.

Stem (ISIN US85859N3008) faced a lower analyst valuation after Markets Insider reported on October 14, 2026 that Susquehanna cut its target from USD 7.50 to USD 4.50 while retaining a Neutral rating. The revision came ahead of Stem's third-quarter results.

The lower USD 4.50 target

The target cut puts the analyst view against Stem's operating progress. Susquehanna cited updated estimates and sector exposure, while the report linked demand potential to data center construction and electrification. Stem's next results will test whether that opportunity is translating into higher revenue and cash generation.

What does the second quarter show?

Stem reported USD 33.65 million of revenue for the second quarter of 2026, down 12.00 percent from USD 38.40 million in the second quarter of 2025, according to Business Wire. The mix was more constructive: GAAP gross margin reached 41.00 percent versus 33.00 percent a year earlier, while adjusted EBITDA rose 63.00 percent to USD 6.00 million, based on Stem's second-quarter earnings call.

The operating picture still contains a clear trade-off. Lower battery hardware resale revenue weighed on total sales, but software services and edge hardware revenue increased 1.00 percent year over year to USD 33.40 million. PowerTrack software revenue rose 11.00 percent to USD 11.00 million, giving the upcoming report a specific test beyond the headline revenue figure.

When does Stem report next?

Business Wire said on October 14, 2026 that Stem will report results for the quarter ended September 30, 2026 on November 5, 2026, with the conference call at 5:00 p.m. ET. The company said the replay will remain available through December 5, 2026.

Stock value and reporting risk

Stem's stock was last at USD 3.48 on the NYSE on October 16, 2026 at 4:00 p.m. ET. Its market capitalization was USD 33.5 million, and its 52-week range was USD 3.46 to USD 26.30 as of that date. The next report therefore arrives with a low-end share price, a reduced analyst target and improving second-quarter margins as the key figures to compare.

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