UPDATE: Northland Capital Markets Starts Stem Inc. (STEM) at Outperform

Northland Capital Markets analyst Abhishek Sinha initiates coverage on Stem Inc. (NYSE: STEM) with a Outperform rating and a price target of $24.00.

The analyst comments "We are initiating on Stem, Inc. (STEM) with an OP rating and a $24 PT. STEM is a US based complete battery storage solutions provider that uses its unique AI platform to provide energy storage solutions support. We believe the global push for lower emissions, vast improvements in battery technologies and a solid support by the passage of IRA bill will drive industry participants to make extensive use of energy storage systems and STEM is in a very dominant position to tap the burgeoning market."

For an analyst ratings summary and ratings history on Stem Inc. click here. For more ratings news on Stem Inc. click here.

Shares of Stem Inc. closed at $14.11 yesterday.

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