Stem Inc Stock Price, News & Analysis

Stem (NYSE: STEM), a leader in AI-enabled clean energy software and services, has scheduled its Q2 2025 earnings conference call for August 7, 2025 at 5:00 p.m. ET. The company will release its financial results for the quarter ending June 30, 2025 at approximately 4:05 p.m. ET on the same day.

Investors can access the call via webcast at the company's investor relations website or by telephone. A replay will be available until September 7, 2025, and the webcast archive will be accessible for 12 months on Stem's website.

Stem (NYSE:STEM), a leader in AI-driven clean energy software and services, has appointed Brian Musfeldt as Chief Financial Officer, effective July 17, 2025. Musfeldt, who previously served as CFO of AlsoEnergy from 2017 to 2023, returns to Stem with nearly 30 years of finance and management experience in clean technology and energy industries.

Musfeldt succeeds Doran Hole, who will step down as CFO and EVP but continue in an advisory capacity until July 31, 2025. The appointment comes as Stem continues its strategic realignment focusing on software services revenue growth and technology innovation. Musfeldt's experience includes CFO roles at ikeGPS and MST Global Inc, along with a background in public accounting at KPMG / Arthur Anderson.

Stem, Inc. (NYSE: STEM) has announced a significant balance sheet restructuring through a privately negotiated exchange of convertible notes. The company has exchanged $350 million of its existing 2028 and 2030 Convertible Senior Notes for $155 million in new First Lien Notes due 2030, resulting in a substantial debt reduction of nearly $200 million.

The transaction includes the exchange of approximately $229 million of 2028 Convertible Notes (77% of outstanding) and $121 million of 2030 Notes (51% of outstanding). As part of the deal, Stem will issue warrants to purchase 439,919 shares at a $30.00 strike price and receive $10 million in cash.

The new First Lien Notes will carry an 11.000% interest rate payable in cash, or at the company's option, a 12.000% in-kind payment option. Following the exchange, Stem's remaining debt consists of $68 million in 2028 Convertible Notes, $119 million in 2030 Convertible Notes, and $155 million in new Senior Secured Notes due 2030.

Stem (NYSE: STEM) announced that Norbut Solar Farms (NSF) will standardize on Stem's PowerTrack™ software to manage its growing solar project portfolio in New York. NSF, which has deployed over 525 MW of community solar and 30 MW of energy storage across New York State, will implement PowerTrack™ across 50 MW over five years. The software will help NSF accelerate its Engineering, Procurement, and Construction (EPC) strategy and enhance operational efficiency. NSF is expanding with 17 new projects planned over three years, structuring projects into four co-located arrays under 5 MW AC each. PowerTrack™ provides real-time fault detection, trend analysis, and compliance reporting capabilities, including NYSERDA reporting for incentives and SREC tracking.

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.