STOCK TITAN

Stem Inc - STEM STOCK NEWS

Welcome to our dedicated news page for Stem (Ticker: STEM), a resource for investors and traders seeking the latest updates and insights on Stem.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Stem's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Stem's position in the market.

Rhea-AI Summary
Stem's Athena PowerBidder Pro selected by Central Coast Community Energy and Silicon Valley Clean Energy to optimize bid management for utility-scale renewable energy assets in the CAISO market, offering advanced price forecasting and bid optimization features.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
none
-
Rhea-AI Summary
Stem (NYSE: STEM) partners with Mercuria Energy Trading to optimize bid management for energy storage in ERCOT, using Athena PowerBidder Pro. Mercuria aims to enhance renewable energy strategies with Stem's advanced technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
Tags
none
-
Rhea-AI Summary
Stem, Inc. achieved a significant milestone with positive adjusted EBITDA in Q4 and expects to generate at least $50 million of operating cash flow in 2024. The company was awarded the PowerBidder™ Pro contract by Mercuria Energy Trading, showcasing strong financial and operating performance. Stem's financial highlights include revenue growth, an increase in gross margins, and a positive adjusted EBITDA. The company's outlook for 2024 is optimistic, with projected revenue, bookings, CARR, and AUM growth. Stem aims to maintain its technology leadership position, drive software services revenue, and achieve profitable growth in the coming year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
Tags
earnings
Rhea-AI Summary
Stem (NYSE: STEM) will hold a conference call to discuss its Q4 and full-year 2023 results and 2024 outlook. The call will be on February 28, 2024, at 5:00 p.m. Eastern Time. A press release will be issued at approximately 4:05 p.m. Eastern Time. The call can be accessed via webcast or telephone, with a replay available until March 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
earnings
-
Rhea-AI Summary
Stem (NYSE: STEM) receives the 2023 New Product Innovation Award in the North America energy asset performance optimization industry from Frost & Sullivan. The award recognizes Stem's innovation, market alignment, and Athena PowerBidder Pro as key differentiators. Frost & Sullivan forecasts the global battery energy storage market to grow to $72 billion by 2030, indicating significant growth potential for Stem's innovative solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.49%
Tags
none
-
Rhea-AI Summary
Stem and SB Energy have entered a multi-year technology and commercial alliance to deploy clean energy at scale. Stem will be SB Energy's preferred partner for the energy management system (EMS) for 10 GWh of energy storage projects. The alliance will combine SB Energy's Digital Platform with Stem's technology development capabilities to deliver high-value energy products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
Tags
AI
Rhea-AI Summary
Stem Inc. reported record third-quarter bookings of $676 million, a 203% increase from the same quarter last year. The company also announced a 10+ GWh software and services agreement with SB Energy. They expect to achieve adjusted EBITDA positive in the second half of 2023 and full-year adjusted EBITDA positive in 2024. Revenue for Q3 2023 was $133.7 million, up 34% from Q3 2022. The contracted backlog reached $1.84 billion at the end of Q3 2023, a 125% increase from the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
Tags
earnings
-
Rhea-AI Summary
Stem, Inc. (NYSE: STEM) has announced the appointment of Ira M. Birns to its Board of Directors, effective November 6, 2023. Mr. Birns will also Chair the Audit Committee. He brings extensive experience in management, finance, accounting, mergers & acquisitions, capital markets, investor relations, and the energy sector. Currently, Mr. Birns is the Executive Vice President and CFO of World Kinect Corporation. Stem's Chairman of the Board, David Buzby, expressed excitement about the appointment, highlighting Mr. Birns' expertise. Mr. Birns is thrilled to join Stem's Board and contribute to the company's dedication to sustainable energy solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
management
-
Rhea-AI Summary
Stem plays a key role in the development of the first community battery energy storage site in the Bronx, New York City. The site features a 3 MW/12 MWh battery energy storage system and is co-optimized by Stem's AI-driven Athena platform. Stem expects to install over 700 MWh of energy storage assets in New York in the next two years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags
AI
Rhea-AI Summary
Stem plays a key role in the development of the first community battery energy storage site in the Bronx, New York City. The site features a 3 MW/12 MWh battery energy storage system and is co-optimized by Stem's AI-driven Athena platform. Stem expects to install over 700 MWh of energy storage assets in New York in the next two years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
AI
Stem Inc

NYSE:STEM

STEM Rankings

STEM Stock Data

345.53M
150.85M
3.87%
73.53%
24.93%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States
San Francisco

About STEM

data / analytics / power - stem combines big data, predictive analytics and energy storage to reduce electric costs for businesses and in aggregate, deliver services to the grid. we optimize the energy you use to run your business, and reduce the portion of the electricity bill you haven’t been able to tackle—until now.