INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Stem, Inc. and Encourages Investors with Losses to Contact the Firm
The Californer/10225932

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Stem, Inc. ("Stem" or "the Company") (NYSE: STEM) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Stem is the subject of a research report published by Blue Orca Capital on January 11, 2023. The report alleges that "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." The report also makes serious allegations about the Company's software services business, claiming that "almost all of this services revenue is not from software, but from a legacy business under which STEM leases hardware to customers in what it calls 'host customer arrangements.' These arrangements, which STEM are winding down, are akin to hardware leases with a small software and services component, yet STEM tries to claim that 100% of the revenues from these contracts are software. Incredibly, STEM does not even own the majority of the systems being leased. 87% of the systems are owned by unconsolidated special purpose vehicles, yet STEM uses an accounting gimmick to claim their revenue as its own."

More on The Californer

• California: Governor Newsom statement on the court temporarily blocking the Trump Administration's unlawful immigration tactics in the Los Angeles area
• Governor Newsom urges Californians to take precautions as state endures triple digit heat, smoky conditions
• Yvette Kendall Secures $6 Million Deal with The Sessions Studios for Horror Thriller, "NORTH"
• Buy The Crave Launches Premium Creatine and Natural Wellness Supplements for Modern Lifestyles
• Long Beach Parks, Recreation and Marine's Homeland Cultural Center Presents DanceFest at Cesar Chavez Park Amphitheater on August 16

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

More on The Californer

• Sisu, a Portrait of Grit, Connection and Triumph, Premieres on Documentary Showcase
• New Liz Taylor Book Coming Soon: Chasing Elizabeth Taylor
• City of Long Beach Experienced a 4% Decrease in Fireworks-Related Reports on July 4
• The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
• Wise Business Plans Launches Turnkey Startup Packages to Help Entrepreneurs Start and Scale

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com

---

Show All News | Report Violation