Stem shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Stem shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 revenue guidance below estimates.
August 07, 2024 | 5:23 pm
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NEGATIVE IMPACT
Stem shares are trading lower due to mixed Q2 financial results and a reduction in FY24 revenue guidance below estimates.
The mixed Q2 financial results and the reduction in FY24 revenue guidance below estimates are likely to negatively impact investor sentiment and lead to a short-term decline in Stem's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100