STEM - Stem Inc. ticks lower amid new short report from Blue Orca Capital
- Stem Inc. ( NYSE: STEM ) slipped 1.7% amid a new short report from Blue Orca Capital.
- Blue Orca writes that Stem ( STEM ), an energy storage systems provider that went public via a SPAC deal in 2021, trades at a high valuation and alleges potential issues with its customer financing.
- Stem ( STEM ) has short interest of 12.6%.
- Stem ( STEM ) jumped 10% on Tuesday after Morgan Stanley upgraded the company to overweight from equalweight. Stem is seen as an attractive energy storage play in 2023, due to global battery supply, IRA support through a standalone storage ITC, and the company's focus on driving higher margin software sales.
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Stem Inc. ticks lower amid new short report from Blue Orca Capital