Stem Inc Class A
STEM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$6.57 | Npqvr | Jvxb |
Stem Well Positioned to Benefit From Policy Upside; Fair Value Estimate to $12, Shares Fairly Valued
We've raised our fair value estimate for Stem to $12 per share from $10 following the company's second-quarter results. The main driver behind our increase is raising our long-term expectations for energy storage deployments as a result of the proposed Inflation Reduction Act of 2022.