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, Inc. has announced a Co-Marketing Agreement with ENGIE North America to enhance eMobility solutions across the U.S., particularly targeting schools, transit agencies, and commercial fleets. The collaboration will integrate Stem's Athena® software with ENGIE's turnkey EV charging solutions, streamlining operations and optimizing energy management. This combined offering aims to simplify the electrification process amid a projected 26% annual growth in EV charging installations by 2030. Alan Russo, Stem's CRO, emphasized the importance of cohesive strategies for managing energy consumption and environmental impact.
Stem, Inc. (NYSE: STEM), a leader in AI-driven energy storage, will participate in two key virtual investor conferences: the Goldman Sachs Global Energy and Clean Technology Conference on January 6, 2022, and the BofA Securities Battery and Storage Conference on January 10, 2022. Investors can access a live webcast of the Goldman Sachs conference presentation starting at 9:00am Eastern Time. Interested parties are encouraged to register early and can find additional investor materials on Stem's investor relations website.
Stem has announced the acquisition of AlsoEnergy for $695 million, combining their strengths in AI-driven energy storage and solar asset management. The deal will enhance Stem's software revenue and improve margins, expanding assets under management by 32.5 GW across over 50 countries. The acquisition aims to provide a unified platform for energy projects, allowing customers to optimize both solar and storage solutions. Management believes this transaction will accelerate growth and add significant value to customers through improved technology integration.
Stem, Inc. (NYSE: STEM) has priced $400 million of 0.50% Green Convertible Senior Notes due 2028, an increase from the initial $350 million offering. The notes, aimed at qualified institutional buyers, will mature on December 1, 2028, with an initial conversion rate of 34.1965 shares per $1,000 principal. The capital raised will support green projects and reduce common stock dilution via capped call transactions. The offering is set to close on November 22, 2021, subject to customary conditions.
Stem, Inc. (NYSE: STEM) plans to offer $350 million in green Convertible Senior Notes due 2028, with an option for initial purchasers to acquire an additional $52.5 million. The notes are senior, unsecured obligations and will accrue interest semi-annually. They will be convertible into cash, shares, or a combination, and redeemable from December 5, 2025, under specific conditions. Proceeds will fund capped call transactions and finance Eligible Green Expenditures to enhance energy systems. The offering will not be registered under the Securities Act, limiting sales to qualified institutional buyers.
Stem (NYSE: STEM) reported record financial results for Q3 2021, achieving revenues of $39.8 million, marking a 334% increase YoY. The company experienced a positive gross margin of 8%, compared to a negative 19% in Q3 2020. Net income reached $115.6 million, significantly up from a loss of $18.8 million last year, primarily due to a non-cash warrant revaluation. The company ended the quarter with $576 million in cash and zero debt. Its 12-month pipeline grew to $2.4 billion, and bookings surged 183% to $104 million.
Stem, Inc. (NYSE: STEM) will hold a conference call on November 9, 2021, at 5:00 p.m. ET to discuss its financial results for the quarter ending September 30, 2021. A press release containing these results will be issued at approximately 4:05 p.m. ET on the same day. The call will be accessible via a live webcast and by telephone for both domestic and international participants. A replay will be available for one week after the call.
Stem, Inc. (NYSE: STEM) has expanded its Athena® smart energy software to support seven value streams for project developers in ISO-New England. The enhancements include Athena Supervisor and Athena Bidder, which automate market participation and optimize revenue for front-of-meter and behind-the-meter projects. Recent achievements include automated participation in day-ahead and real-time energy markets, as well as new offerings for CAISO, ERCOT, and PJM markets, enhancing revenue potential. The company aims for increased market value and returns for customers through advanced AI-driven solutions.
Stem (NYSE: STEM) and Copec have launched South America’s first virtual power plant (VPP) and completed a smart energy storage system in Chile. This partnership, established in July 2020, aims to optimize energy use and reduce costs. Stem’s Athena® software will integrate local grid data to enable efficient power usage and enhance resilience for commercial and industrial customers. The VPP will provide stability during peak demand, supporting Chile's goal of 70% renewable energy by 2030. This project positions Copec as a leader in smart grid technology.
Stem, Inc. (NYSE: STEM), a leader in AI-driven energy storage, announced its participation in the Barclays CEO Energy-Power Conference on September 9, 2021. The event will be virtual, and an investor presentation will be available on the Company’s Investor Relations website on the same date. Stem's innovative solutions integrate advanced energy storage with its AI-powered platform, Athena, enabling businesses to optimize energy usage and achieve sustainability goals. This initiative supports companies in enhancing their energy infrastructure while promoting environmental responsibility.