Stem Inc Class A
STEM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$6.13 | Nmmlh | Rbcc |
Stem Earnings: Progress Toward Profitability, but Balance Sheet Likely to Limit Long-Term Growth
We have lowered our fair value estimate for no-moat Stem to $5 per share from $6 following the company's first-quarter results. The decrease is a result of reducing our long-term deliveries forecast due to balance sheet constraints. We view the shares as fairly valued.