Wolfe Research analyst Steve Fleishman downgraded Stem to Peer Perform from Outperform without a price target. The investment case has not played out as hoped, the analyst tells investors in a research note. The firm’s updated estimates reflect more measured margin improvement as Stem’s Athena software product grows from a lower base. It also sees risks to the company’s guidance due to continued headwinds in solar monitoring.
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Published first on TheFly
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