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 (NYSE: STEM) and ChargePoint (NYSE: CHPT) have announced a joint eMobility offering aimed at enhancing electric vehicle (EV) charging infrastructure. The solution will leverage Stem’s AI-driven Athena platform and ChargePoint’s Express Plus management software to provide cost savings and operational efficiency. The collaboration supports access to federal and state funding, potentially offsetting up to 80% of project costs through the National Electric Vehicle Infrastructure (NEVI) Program, which allocates $5 billion over five years. The joint offering is predicted to greatly enhance the economic, environmental, and resilience aspects of EV charging stations.
ChargePoint (NYSE: CHPT) and Stem (NYSE: STEM) have announced a partnership to enhance EV charging and battery storage solutions. This agreement aims to improve economic outcomes and energy resilience for EV site hosts, particularly in reducing operational costs and meeting ESG goals. ChargePoint will assess EV charging demands and eligibility for incentive programs, while Stem will integrate its AI-driven energy management platform, Athena®, with ChargePoint's Express Plus fast charging system. The partnership aligns with federal funding initiatives like NEVI, aimed at expanding EV infrastructure across the U.S.
Stem, Inc. (NYSE: STEM) is set to discuss its financial results for Q4 2022 on February 16, 2023, at 5:00 p.m. ET. The press release detailing the results will be issued around 4:05 p.m. ET. Investors can access the call via a live webcast or by phone. Stem specializes in AI-driven clean energy solutions aimed at enhancing the economic and environmental value of energy assets. Its platform, Athena®, facilitates the deployment of clean energy assets. A replay of the call will be available for 30 days post-event.
John Carrington, CEO of Stem, a leader in AI-driven energy solutions, discussed the future of energy storage and capital allocation strategies on ICR's podcast, 'Welcome to the Arena.' This episode delves into Stem's partnerships and Carrington's career, aiming to provide insights into the company's direction over the next three to five years. The podcast, launched in August 2021, brings together influential figures from finance and industry.
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.
