Morgan Stanley analyst Andrew Percoco assumed coverage of Stem with an Overweight rating with a price target of $12, down from $15 as the analyst took over lead coverage of North America Clean Tech research at the firm. The analyst’s In-Line industry view balances the strong long-term growth prospects for renewable energy with near-term headwinds that include permitting backlogs, a challenging supply chain and macro environment and volatility in the financing markets.
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Published first on TheFly
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