Stem, Inc. provides AI-enabled clean energy software, services and edge hardware for energy storage and renewable energy assets. The company’s updates center on its PowerTrack software suite, including energy management, asset monitoring, optimization, utility dispatch, grid coordination and telemetry for battery energy storage systems and solar portfolios.
Recurring news also covers quarterly results, recurring software revenue, gross margin and adjusted EBITDA trends; customer deployments for utility-scale and behind-the-meter storage; partnerships around battery management and control systems; and completed software asset acquisitions that add automated fault detection and event-management capabilities to PowerTrack.
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Stem, Inc. (NYSE: STEM), a leader in AI-driven clean energy solutions, will hold a conference call on May 4, 2023, at 5:00 p.m. Eastern Time to discuss its financial results for the quarter ending March 31, 2023. A press release will precede the call at approximately 4:05 p.m.. Investors can access the call via a live webcast at this link or by phone at (855) 327-6837 for U.S. callers and (631) 891-4304 for international participants. A replay will be available shortly after the call until June 4, 2023, accessible by dialing (844) 512-2921. Stem’s software platform Athena® enhances the value of clean energy assets, facilitating optimized management and improved returns for energy projects.
Stem, Inc. (NYSE: STEM) announced the pricing of $200 million in 4.25% Green Convertible Senior Notes due 2030, an increase from the original $175 million offering. The notes will be sold to qualified institutional buyers, with a potential additional $40 million option for initial purchasers. Settlement is anticipated on April 3, 2023. The notes will convert based on an initial rate of 140.3066 shares per $1,000 of notes at a price of approximately $7.13 per share. Stem plans to use about $99.8 million of the proceeds to cancel existing 2028 notes and allocate funds toward Eligible Green Expenditures.