Petmal
It has been a long time since our initiation of coverage of Stem, Inc. (NYSE:STEM). Last time, we analyzed the energy storage solution provider thanks to a comparative analysis with a European small-cap called Aton Green Storage S.p.A. (not
Stem: All About The Long-Term Trends
Summary
- After a comps analysis, we decide to focus only on Stem's accounts.
- The long-term thesis is confirmed and is also supported by the Inflation Reduction Act and Biden's administration bill.
- Thanks to our DCF model, we derive a target price of $22 per share, maintaining our outperforming rating.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of STEM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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