An investigation on behalf of investors in Stem, Inc. (NYSE: STEM) shares over potential wrongdoing at Stem, Inc. was announced and NYSE: STEM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/28/2023 -- An investigation on behalf of investors in shares of Stem, Inc. (NYSE: STEM) was announced over potential breaches of fiduciary duties by certain directors at Stem, Inc.
Investors who purchased shares of Stem, Inc. (NYSE: STEM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Stem, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Francisco, CA based Stem, Inc. operates as a digitally connected and intelligent energy storage network provider in the United States and internationally.
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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation, Inc.
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.