Welcome to our dedicated page for Stem news (Ticker: STEM), a resource for investors and traders seeking the latest updates and insights on Stem stock.
News about Stem, Inc. (NYSE: STEM) focuses on its role in AI-enabled clean energy software, edge products, and services that support solar, energy storage, and hybrid projects. Company announcements highlight the evolution of its PowerTrack software suite, including PowerTrack Energy Management System (EMS) and PowerTrack Optimizer, and how these platforms are applied across commercial, industrial, and utility-scale portfolios.
Investors and observers following STEM news will see regular updates on quarterly financial results, including revenue trends, gross margins, and recurring revenue metrics such as ARR and CARR, as reported in earnings releases and accompanying Form 8-K filings. These releases also discuss the company’s software-focused strategy, cost initiatives, and changes in its capital structure, such as exchanges of convertible notes and reverse stock split actions.
Stem’s news flow also covers product launches and platform enhancements, such as the introduction of PowerTrack EMS for standalone and hybrid storage control and the rebranding of the Athena platform to PowerTrack Optimizer. Project-related news includes deployments like the Camino Solar project in California, where Stem’s PowerTrack Power Plant Controller and data acquisition systems were implemented to meet technical grid standards and support grid integration.
Additional updates may involve regional expansion, such as the growth of the Berlin competence center to support EMEA utility-scale projects, as well as partnerships with asset owners, developers, and utilities. Governance and leadership developments, including executive appointments and board changes, are typically disclosed through press releases and SEC filings. For users tracking STEM news, this page aggregates these earnings announcements, product updates, project milestones, and corporate actions in one place.
Stem (NYSE: STEM), through its subsidiary AlsoEnergy, has launched a distribution channel aimed at enhancing the adoption of clean energy assets across the U.S. This channel will provide Engineering, Procurement and Construction (EPC) firms and developers with streamlined access to AlsoEnergy’s edge-to-cloud optimization platform, which includes solutions for solar C&I systems. The initiative is expected to expand with additional distributors, reinforcing AlsoEnergy's position in the clean energy market and supporting its growth in asset management.
Stem reported Q1 2022 revenue of $41.1 million, a 166% increase from $15.4 million in Q1 2021. The GAAP Gross Margin rose to 9%, compared to (1)% a year ago. Despite a net loss of $(22.5) million, a significant improvement from $(82.6) million in Q1 2021, the company reaffirmed its full-year guidance. Significant growth in bookings to $151 million and a contracted backlog of $565 million, up 156% YoY, indicates strong operational momentum. The company ended Q1 with a cash reserve of $352 million.
Stem, Inc. (NYSE: STEM), an AI-driven energy solution leader, will host a conference call on May 5, 2022, at 5:00 p.m. ET to discuss its financial results for the quarter ending March 31, 2022. A press release will be available at 4:05 p.m. ET. Investors can access the call via a live webcast or by phone. A replay will be available until May 12, 2022. Stem provides advanced energy storage solutions integrated with AI to help customers optimize energy use and achieve sustainability goals.
Stem, a leader in AI-driven energy storage solutions, announced the appointment of Kim Homenock as Chief People Officer. Homenock brings 20 years of experience from notable firms such as Amazon and General Electric, overseeing organizational development and global HR strategies for over 500 employees. CEO John Carrington emphasized her expertise in talent management as crucial for the company's growth, especially following the recent AlsoEnergy acquisition. Homenock expressed her enthusiasm for advancing employee engagement within Stem's mission for a clean energy transition.
Stem (NYSE: STEM), a leader in AI-driven energy solutions, announced its participation in the Credit Suisse 27th Annual Energy Summit on February 28, 2022, and the Piper Sandler 22nd Annual Energy Conference on March 22, 2022. The company offers innovative energy storage solutions through its Athena® platform, enabling optimized energy management for enterprises. Stem also supports solar partners with integrated solutions for energy storage management. For more information, visit Stem Investor Relations.
Stem reports strong financial results for Q4 and full-year 2021, achieving record revenues of $52.8 million (+184%) and $127.4 million (+251%) respectively. The company boasts a record bookings of $216.9 million in Q4, contributing to a total of $416.5 million for the year. However, GAAP gross margin decreased to (3)% in Q4 compared to 5% in Q4 2020. The net loss narrowed to $(34.1) million from $(100.9) million year-over-year. Looking ahead, Stem sets 2022 revenue guidance at $350-$425 million, projecting significant growth for its Athena platform and newly acquired AlsoEnergy.
Stem, Inc. has partnered with Available Power to provide exclusive smart energy storage solutions in Texas. This collaboration allows Stem to utilize its Athena software across 100 energy storage projects, valued at over $500 million. The projects aim to deliver an additional 1 GW of flexible power to the Electric Reliability Council of Texas (ERCOT) for 20 years. Initial deployment of 20 systems is set for early 2023, supporting Texas's growing market for energy storage amidst rising renewable energy adoption.
Stem, Inc. (NYSE: STEM) is set to hold a conference call on February 24, 2022, at 5:00 p.m. ET, to discuss its Q4 and full-year financial results for 2021. A press release will precede this at 4:05 p.m. ET. The call will include guidance for 2022, considering its recent acquisition of AlsoEnergy. Interested parties can access the call via a live webcast or by dialing in. A replay will be available post-call until March 24, 2022.
Stem, Inc. has completed its acquisition of Also Energy Holdings, Inc., enhancing its leadership in AI-driven software for clean energy. This move adds 32.85 GW of solar assets, solidifying Stem’s position globally. The transaction is expected to be accretive, boosting revenue and margins. AlsoEnergy contributed approximately $49 million in revenue for the fiscal year ending December 31, 2020, with a gross margin of 60%. The acquisition combines AlsoEnergy’s PowerTrack platform with Stem's Athena analytics, providing a comprehensive solution for C&I customers.
Stem, Inc. (NYSE: STEM) has partnered with NineDot Energy to deliver over 110MWh of energy storage projects in New York. This collaboration includes six front-of-the-meter standalone energy storage sites in Staten Island, with completion expected by May 2023. Utilizing Stem's Athena® software, the projects will optimize revenues via New York’s Value of Distributed Energy Resources (VDER) program. The partnership aims to support New York's initiative for 100% clean energy by 2040.