Why STEM Stock Looks Very Attractive Following Its Pullback
Blackstone (NYSE: BX) – are doing the same. In such an environment, the leading companies facilitating the revolution, including Stem, will easily be able to grow rapidly and generate huge profits over the longer term. Yet many of the sector’s stocks have tumbled recently. One example is STEM stock, whose shares have tumbled about 50% since peaking on Feb. 17. (Actually, most of that decline was generated by Star Peak Energy, the SPAC which had agreed to merge with Stem last December. The merger became effective on April 28, and Stem began trading under its own name on April 29). I belie...