Stem Inc Stock Price, News & Analysis

Stem Inc. (NYSE: STEM) has announced a 1-for-20 reverse stock split effective June 23, 2025, aimed at regaining compliance with NYSE's minimum average closing price requirement. The split will reduce outstanding shares from approximately 167 million to 8.4 million, with authorized shares decreasing from 500 million to 250 million. The company's stockholders approved the split ratio at their Annual Meeting on June 4, 2025. The stock will continue trading under the symbol 'STEM' with a new CUSIP number (85859N300). Proportional adjustments will be made to equity incentive plans, outstanding equity awards, convertible notes, and capped call options. No fractional shares will be issued; instead, affected stockholders will receive cash payments.

Stem (NYSE: STEM) has announced its involvement in the Green River Energy Center project, one of the nation's largest solar-plus-storage initiatives under construction in Eastern Utah. The project combines 400MW of solar capacity with 1,600MWh of battery energy storage. Stem is providing engineering advisory and design support, including energy storage metering configuration, power flow scenario review, and auxiliary load assumptions. The company brings expertise from over 1,000 operational or contracted battery energy storage system sites. The project, backed by over $1 billion in financing and developed by rPlus Energies, aims to deliver clean power to the Mountain West region while boosting Emery County's economy through enhanced tax revenue, public services, and long-term employment opportunities in the energy sector.

Stem reported strong Q1 2025 financial results with revenue reaching $32.5 million, up 27% year-over-year. The company achieved its first-ever positive operating cash flow of $8.5 million and improved GAAP gross margins to 32%.

Key highlights include:

• Non-GAAP gross profit of $14.8 million with 46% margins
• Net loss narrowed to $25.0 million from $72.3 million in Q1 2024
• Annual Recurring Revenue (ARR) grew 8% to $56.9 million
• Storage operating assets reached 1.6 GWh, up 100% year-over-year
• Solar operating assets increased to 32.4 GW, up 20% year-over-year

The company announced a 27% workforce reduction, expecting $30 million in annual cost savings. Under new CEO Arun Narayanan, Stem reaffirmed its full-year 2025 guidance and reorganized into distinct business units focusing on software, professional services, managed services, and OEM hardware.

World Kinect (NYSE: WKC) has announced key executive promotions, with Ira M. Birns elevated to President while retaining his CFO position, and John P. Rau promoted to Chief Operating Officer. Both executives will continue reporting to Chairman and CEO Michael Kasbar.

Birns, serving as EVP & CFO since 2007, oversees Finance, Credit Risk Management, Corporate Development, and Investor Relations. His background includes roles at Arrow Electronics and board membership at Stem, Inc. He holds a BBA in Public Accounting and maintains CPA and treasury professional certifications.

Rau, previously EVP of Global Aviation, Land and Marine, has been with World Kinect since 2011, managing the company's fuel, energy, and sustainability businesses. His experience includes positions at American Airlines and United Airlines, focusing on jet fuel procurement and trading.

Stem Inc (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, has scheduled its Q1 2025 earnings conference call for Tuesday, April 29, 2025, at 5:00 PM ET. The company will release its financial results for the quarter ending March 31 via press release at approximately 4:05 PM ET.

Investors can access the conference call through a live webcast at the company's investor relations website or via telephone. For those unable to attend live, a replay will be available until May 29, and the webcast recording will be accessible on Stem's website for 12 months.

Stem (NYSE: STEM) has strengthened its Board of Directors with two strategic appointments effective March 17, 2025. Krishna Shivram, Managing Partner at Veritec Capital Partners, joins as Class I director, bringing expertise in corporate finance and M&A. Vasudevan (Vasu) Guruswamy, with 30+ years in energy software leadership, joins as Class III director.

These appointments align with Stem's software-forward strategy and focus on disciplined financial management. Shivram currently serves on boards of Ranger Energy Services and Allison Transmission Holdings, while Guruswamy brings experience as a former global VP of software services for a leading energy technology company.

Board Chairman David Buzby emphasized that these appointments, combined with recent senior executive additions, position Stem to build a world-class energy software company.

Stem (NYSE: STEM) announced that its PowerTrack™ software platform is now standard across Summit Ridge Energy's operating fleet of 200 solar sites, totaling 514 megawatts (MW). The partnership enables Summit Ridge, a leading U.S. commercial solar developer, to optimize performance and management of its growing portfolio.

PowerTrack provides Summit Ridge with capabilities for efficient commissioning, monitoring, optimization, and control of energy assets, offering real-time performance insights, advanced analytics, and customized reporting. The platform's broad compatibility with equipment manufacturers allows seamless integration of diverse systems, while configurable dashboards ensure transparent, data-driven decision making.

This implementation supports Summit Ridge's expansion of distributed energy assets, helping to reduce grid congestion, stabilize energy supply, and provide cost-effective power to homes and businesses amid increasing strains on the U.S. electric grid.

Stem Inc (NYSE: STEM) reported Q4 and full year 2024 results, showing significant shifts in its business model. Q4 revenue declined 67% to $55.8M, while full-year revenue dropped 69% to $144.6M, primarily due to reduced hardware sales following the company's new software-focused strategy.

Q4 highlights include bookings of $357.6M (+40% YoY), Adjusted EBITDA of $4.2M, and cash position of $56.3M. The company reported a Q4 net loss of $51.1M and a substantial full-year net loss of $854.0M, impacted by a $547.2M goodwill impairment.

Notable operational metrics include contracted storage assets of 5.6 GWh and solar monitoring assets of 29.9 GW (+9% YoY). The company secured a significant 484 MW contract in Hungary and targets ~15% ARR growth in 2025 through its software and services-centric strategy.

Stem (NYSE: STEM), an AI-enabled clean energy software and services company, has scheduled its fourth quarter and full-year 2024 earnings conference call for Tuesday, March 4, 2025, at 5:00 p.m. Eastern Time. The company will release its financial results press release at approximately 4:05 p.m. Eastern Time on the same day.

Investors can access the conference call through a live webcast at the company's investor relations website or via telephone. A replay will be available until April 4, 2025, and the webcast archive will be accessible on Stem's website for 12 months following the call.