An investigation for investors in Stem, Inc. (NYSE:STEM) shares over potential securities laws violations by Stem, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 01/27/2023 -- Stem, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Stem, Inc. (NYSE: STEM), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Stem, Inc. (NYSE: STEM) concerning whether a series of statements by Stem, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Stem, Inc. operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. Stem, Inc. reported that its annual Total Revenue rose from $36.3 million in 2020 to $127.37 million in 2021, and that its Net Loss declined from $156.12 million in 2020 to $101.21 million in 2021.
On January 11, 2023, Blue Orca Capital issued a short report alleging multiple claims. The report claims that it has uncovered "undisclosed to investors, STEM is financing its flagship customer to purchase energy storage systems from STEM. Rather than a "big win" and proof that STEM could compete for big utility scale projects, we think STEM won its supposed flagship deal by surreptitiously paying for it."
Shares of Stem, Inc. (NYSE: STEM) declined from $9.40 per share on January 10, 2023, to $8.35 per share on January 11, 2023. Since then shares of Stem, Inc. (NYSE: STEM) rose to $11.00 per share on January 18, 2023.
Those who purchased shares of Stem, Inc. (NYSE: STEM) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.