UBS upgrades Stem stock to Buy with USD 7.00 target

Published on 10/02/2026 at 21:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue totaled USD 33.65 million below consensus. Stem stock costs EUR 3.75 on October 2, 2026 after EUR 3.62, plus 3.59 percent.

STEM, US85859N3008, Illustration mit AI erstellt.

Stem, Inc. (ISIN US85859N3008) was trading at EUR 3.75 at Lang & Schwarz on October 2, 2026 at 9:25 p.m. CEST, plus 3.59 percent versus the prior close of EUR 3.62 on October 1, 2026. According to Investing.com on September 25, 2026, UBS upgraded Stem from Neutral to Buy and set a USD 7.00 price target.

UBS raises the software case

The upgrade centers on Stem's shift toward software-led energy management. Investing.com reported that bookings rose 39.00 percent quarter over quarter and contracted backlog increased 18.00 percent in the second quarter of 2026. PowerTrack software revenue grew 11.00 percent year over year, while adjusted earnings before interest, taxes, depreciation and amortization climbed 63.00 percent to USD 6.20 million.

Q2 loss beat while revenue missed

Stem's second-quarter results present a mixed operating picture. According to Investing.com, the adjusted loss was USD 1.58 per share in the second quarter of 2026, better than the USD 1.79 consensus loss. Revenue reached USD 33.65 million, below the USD 36.76 million forecast, making sales execution the clearest counterweight to the stronger earnings comparison.

The company profile describes Stem's platform as a combination of energy storage systems, artificial intelligence and software-enabled services for clean-energy assets. MarketScreener identifies PowerTrack and related services as part of the company's offering.

Small valuation, wide trading range

Stem's market capitalization was USD 38.0 million as of October 2, 2026. The 52-week range was USD 3.70 to USD 32.23, placing the Lang & Schwarz euro quote close to the lower end when viewed alongside the USD market range, although the currencies and venues are different and should not be combined into one return calculation.

Stem stock trades after hours

Stem was trading at EUR 3.75 at Lang & Schwarz on October 2, 2026 at 9:25 p.m. CEST, plus 3.59 percent versus the Lang & Schwarz prior close of EUR 3.62 on October 1, 2026. The session snapshot leaves UBS's USD 7.00 target as the main external valuation reference, while the second-quarter revenue miss remains the key operating counterpoint.