UPDATE: Credit Suisse Starts Stem Inc. (STEM) at Outperform

June 29, 2021 4:52 AM EDT
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Price: $26.65 +6.22%

Rating Summary:
    7 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 13 | New: 18
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(Updated - June 29, 2021 4:54 AM EDT)

Credit Suisse analyst Maheep Mandloi initiates coverage on Stem Inc. (NYSE: STEM) with a Outperform rating and a price target of $48.00.

The analyst comments "We initiate coverage of Stem, Inc. (STEM) with an Outperform rating and a $48 target price. Stem is a US-based commercial- and utility-scale battery storage solutions provider. Stem benefits from a strong and growing battery storage market, a capital–light, software-based business model, and market leadership in behind the meter (BTM), with potential upside from a tax credit extension and standalone storage tax credit not reflected in the stock price."

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