Stem is trading at $3.83, down 5%, alongside a weaker U.S. market on September 23, 2026. - The Nasdaq Composite is down 0.98%; higher crude oil prices and a 4.99% 10-year Treasury yield are pressuring risk assets and equity valuations. - No new company-specific announcement or confirmed catalyst has been identified. - Stem’s September 22 close was $4.03, down 7.78%, extending recent weakness.