Stem Announces First Quarter 2022 Financial Results Quarterly revenue 29% above high end of guidance range Reaffirm full-year 2022 guidance AlsoEnergy commercial synergies on track for 2022 bookings Expect minimal impact from AD/CVD inquiry in solar industry First Quarter 2022 Financial and Operating Highlights Financial Highlights Revenue of $41.1 million, up from $15.4 million (+166%) […]
Stem Announces First Quarter 2022 Earnings Results Conference Call SAN FRANCISCO – April 14, 2022 – Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy software and services, will hold a conference call on Thursday, May 5, 2022, to discuss its financial results for the quarter ended March 31, 2022. The conference […]
Stem Appoints Chief People Officer to Lead Global Human Resource Initiatives SAN FRANCISCO – March 14, 2022 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced the addition of Kim Homenock to the Stem leadership team as Chief People Officer. Homenock […]
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Stem Announces Fourth Quarter and Full-Year 2021 Financial Results Company on track to execute on bookings in excess of $1 billion over 18 months Strong bookings and expansion of Athena® platform drive momentum into 2022 Initiate full-year 2022 revenue guidance of $350-$425 million Fourth Quarter and Full-Year 2021 Financial and Operating Highlights Financial Highlights – […]
Stem’s Athena® Software Selected by Available Power to Optimize Up to 2GWh Energy Storage Portfolio in ERCOT Value of award expected to exceed $500 million across the project portfolio Partnership provides Stem exclusive rights to 100 standalone energy storage projects in Texas SAN FRANCISCO, CA and RALEIGH, NC – February 24, 2022 – Stem, Inc. […]
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Stem Announces Fourth Quarter 2021 and Full Year 2021 Earnings Results Conference Call SAN FRANCISCO – February 2, 2022 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, will hold a conference call on Thursday, February 24, 2022 to discuss its financial results […]
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Stem Completes Acquisition of AlsoEnergy Solidifies Stem as global-leader in AI-driven software intelligence for clean energy assets Drives immediate accretion and accelerates Stem’s software growth SAN FRANCISCO– February 1, 2022 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced that it […]
Stem, Inc. Awarded Energy Storage Portfolio by NineDot Energy Initial project portfolio to include more than 110MWh of front-of-the-meter standalone energy storage projects in New York state SAN FRANCISCO, Calif. and NEW YORK CITY, N.Y. – January 25, 2022 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven […]
Stem, Inc. Announces Development of eMobility Offering with ENGIE North America Brings together Stem’s smart energy storage solution with ENGIE’s turnkey eMobility solution Integration with Athena® software expected to enable broad adoption of EV charging infrastructure for schools, transit agencies, and commercial fleets SAN FRANCISCO, CALIF. – January 5, 2022 – Stem, Inc. (“Stem” or […]
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Stem, Inc. Announces Participation in Upcoming Investor Conferences SAN FRANCISCO, Calif. – January 3, 2022 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services and software, announced today that it will participate in the following upcoming virtual investor conferences: Goldman Sachs Global Energy and Clean […]
Stem, Inc. to Acquire Also Energy Holdings, Inc., a Global Leader in Solar Asset Management Software Acquisition to combine two software-focused renewable energy companies leading the energy transition Accretive transaction expected to accelerate Stem’s growing, recurring software revenue and increase margins Underscores Stem’s focus on expanding global reach and delivering high-margin software products to front-of-meter […]
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STEM, INC. ANNOUNCES PRICING OF UPSIZED OFFERING OF $400 MILLION 0.50% GREEN CONVERTIBLE SENIOR NOTES DUE 2028 SAN FRANCISCO–(BUSINESS WIRE)–November 17, 2021–Stem, Inc. (“Stem”) (NYSE: STEM) announced today the pricing of $400 million aggregate principal amount of 0.50% Green Convertible Senior Notes due 2028 (the “Notes”) in a private offering (the “Offering”), which was upsized […]
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Stem, Inc. Announces Proposed $350 Million Green Convertible Senior Notes Offering SAN FRANCISCO–(BUSINESS WIRE)–November 16, 2021–Stem, Inc. (“Stem”) (NYSE: STEM) announced today its intention to offer, subject to market conditions and other factors, $350 million aggregate principal amount of green Convertible Senior Notes due 2028 (the “Notes”) in a private offering (the “Offering”) to persons […]
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Stem Announces Third Quarter 2021 Financial Results Company achieves record revenue, gross margin, backlog, pipeline and AUM Continued expansion of Athena® platform drives strong momentum into 2022 SAN FRANCISCO, Calif. – November 9, 2021 – Stem, Inc. (“Stem” or the “Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced today its […]
Stem, Inc. Announces Third Quarter 2021 Earnings Results Conference Call SAN FRANCISCO, Calif. – October 19, 2021 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced today that it will hold a conference call on Tuesday, November 9, 2021 to discuss its financial results […]
Stem, Inc. Highlights Significant Milestones and New Applications for Athena® Software in Wholesale Energy Markets Athena now supporting seven value streams for customers in ISO-New England Advanced reporting and bidding software offerings launched for CAISO, ERCOT, and PJM wholesale energy markets SAN FRANCISCO, Calif. – October 5, 2021 – Stem, Inc. (“Stem” or “the Company”) […]
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Stem, Inc. Announces South America’s First Virtual Power Plant and Completes First Smart Energy Storage Project in Chile Manufacturing facility energy storage system now operating on Stem’s Athena® software Project part of joint venture with Copec SAN FRANCISCO, Calif. – September 15, 2021 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader […]
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Stem to Participate in Barclays CEO Energy-Power Conference SAN FRANCISCO, Calif. – September 2, 2021 – Stem, Inc. (“the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced today that it will participate in the Barclays CEO Energy-Power Conference on September 9, 2021. The conference will be held virtually. In […]
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Stem Issues Notice of Redemption for Public Warrants San Francisco, Calif. – August 20, 2021 – Stem, Inc. (“Stem” or “the Company”) today issued the following notice of redemption for all of Company’s outstanding public warrants. The Company expects that the public warrants will cease trading on Friday, September 17, the last trading day before […]
