Stem Inc Stock Price, News & Analysis

Stem (NYSE: STEM), a leader in AI-driven energy solutions, will engage with investors at the 2023 Global Energy and Clean Technology Conference on January 5, 2023, at 4:20 pm ET in Miami, Florida. The event will feature a fireside chat with management and will be accessible via live webcast. Replay options will be available on Stem’s investor relations site for 180 days. Stem's Athena® software platform enhances the value of clean energy assets and supports various applications for better asset management.

Stem, Inc. (NYSE: STEM) announced four energy storage projects in Texas totaling 39.6 MW in partnership with REX Storage Holdings. This marks a $400M equity commitment by REX for new projects in the ERCOT region, serving over 26 million customers. Stem will provide its AI-driven Athena platform and related services throughout the projects' lifespan. The installations are currently under construction and expected to be operational by the end of 2023, positioning them for optimized returns amid the growing demand for renewable energy solutions.

Stem (NYSE: STEM), a leader in AI-driven clean energy solutions, has been recognized by Frost & Sullivan as the Leader in Innovation in the Frost Radar report for Digital Platforms in Renewable Energy and Battery Storage Optimization. Stem's Athena platform, combined with PowerTrack, enhances asset management in the clean energy sector. With anticipated rapid growth in global grid-scale battery storage systems, Stem is well-positioned to leverage AI for forecasting and energy trading. This recognition underscores Stem’s decade-long commitment to optimizing value for its clients globally.

Stem, a leader in AI-driven energy solutions, reported record revenue of $100 million for Q3 2022, reflecting a 150% increase from $40 million in Q3 2021. GAAP gross margin improved to 9% while net loss was $34 million compared to a net income of $116 million in the previous year. The company ended the quarter with $294 million in cash and a robust $7.2 billion 12-month pipeline. Bookings reached $223 million, marking a 115% year-over-year increase. Despite supply chain constraints, Stem is poised for significant growth, reaffirming FY 2022 guidance.

Stem, Inc. (NYSE: STEM), a leader in AI-driven clean energy solutions, is set to hold a conference call on November 3, 2022, at 5:00 p.m. Eastern Time to discuss its financial results for the quarter ending September 30, 2022. A press release will precede the call at 4:05 p.m. Eastern Time. Investors can access the conference via a live webcast or telephone. The replay will be available until December 3, 2022. Stem utilizes its Athena® platform to optimize the value of clean energy assets.

Stem, a leader in AI-driven clean energy solutions, announced its Investor and Analyst Day on September 28, 2022, at 9:00 a.m. ET in New York City. The event will feature discussions on the company's strategy, technology, and long-term financial outlook. A demonstration of the Athena® software platform will be included, along with a Q&A session. A live video webcast will be available for attendees, with a registration link provided. Archived materials will be accessible post-event on the company's investor website.

Stem (NYSE: STEM) announced the appointment of Michael Carlson as Chief Operating Officer, bringing 30 years of experience in finance and operations, including 20 years in the energy sector. Carlson previously served as Vice President at Koch Engineered Solutions, focusing on Electric Technologies strategy. He has also worked at General Electric and Siemens, enhancing software solutions for the energy grid. CEO John Carrington emphasized Carlson's leadership to drive operational excellence and support Stem's innovative energy solutions.

Stem (NYSE: STEM) has launched its unified clean energy management platform, Athena®, aimed at simplifying the deployment and management of solar, storage, and EV charging assets. This platform enhances economic and environmental value, allowing businesses to reduce costs, carbon emissions, and risks while maximizing savings and revenues. With over 30 GW of assets under management, Athena integrates advanced AI capabilities, providing a comprehensive view of energy performance. Key features include real-time monitoring, market revenue optimization, and a focus on sustainability in EV charging.

Stem (NYSE: STEM) partners with InCharge Energy to offer a comprehensive EV fleet infrastructure solution, combining Stem's Athena platform with InCharge's In-Control software. This collaboration aims to optimize EV charging, manage energy loads, and support ESG goals, catering to fleet owners navigating the complex EV market. Key features include renewable energy integration, outage protection, economic forecasting, and reduced utility costs. The partnership aligns with recent incentives from the Inflation Reduction Act, enhancing project value for businesses.