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.
Stem Inc (NYSE: STEM) delivers intelligent energy storage solutions through its industry-leading Athena software platform. This news hub provides investors and industry stakeholders with essential updates on the company's technological advancements, financial milestones, and market positioning within the renewable energy sector.
Access authoritative reporting on STEM's innovations in predictive energy analytics, grid optimization partnerships, and commercial deployments. Our curated news collection features earnings announcements, strategic collaborations, and product updates that demonstrate the company's leadership in merging big data with clean energy infrastructure.
Key focus areas include energy storage system deployments, Athena software enhancements, and regulatory developments impacting smart grid technologies. Bookmark this page for real-time updates on how STEM continues to optimize energy consumption patterns for commercial enterprises while advancing grid modernization initiatives.
Stem, Inc. announced its Q1 2024 results, highlighting a 42% increase in CARR-to-ARR conversion, the launch of a new PowerTrack APM suite, and reaffirmation of 2024 guidance. The financials showed a revenue decrease to $25.5 million, a net loss of $72.3 million, and operating cash flow improvement. Stem also reported booked contracts of $23.8 million, a contracted backlog of $1.6 billion, and a focus on higher-margin contracts.
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