Stem downgraded to Neutral at UBS amid uncertainty

As previously reported, UBS analyst Jon Windham downgraded Stem (STEM) to Neutral from Buy with a price target of 40c, down from 65c. The Trump administration’s April 2 reciprocal tariff announcement and subsequent 90 day pause has “added yet another layer of uncertainty to the already out-of-favor Clean Energy sector,” the analyst tells investors in an alternative energy group note. The firm expects continued fund outflows until federal renewable tax policy is clarified, the analyst added.