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Stem, Inc. (Symbol: STEM) is a prominent provider of energy storage systems, leveraging the power of big data, predictive analytics, and cutting-edge technology to revolutionize the energy sector. The company offers an all-encompassing solution by bundling third-party hardware with its proprietary Athena software, catering to commercial and industrial customers, independent power producers, and renewable developers.
Stem Inc.'s core business focuses on optimizing energy usage for businesses, reducing electric costs, and contributing to a cleaner, more resilient grid. By integrating energy storage with advanced analytics, the company helps clients maximize renewable energy generation, ensuring efficient energy distribution and consumption.
Recent achievements and current projects underline Stem's commitment to innovation and sustainability. The company continues to enhance its Athena software, adding new features and capabilities to better serve its diverse clientele. Stem's financial condition remains robust, with strategic partnerships and projects driving growth and expanding its market reach.
SAN FRANCISCO--(BUSINESS WIRE)--
Stem Inc. recently announced a series of new developments, reinforcing its position as a leader in the energy storage sector. These include collaborations with major industry players and significant advancements in their technology offerings.
With a focus on sustainability, reliability, and customer satisfaction, Stem Inc. stands at the forefront of the energy revolution, providing innovative solutions that address the evolving needs of the energy market.
Stem, Inc. (NYSE: STEM) will hold a conference call on August 4, 2022, to discuss its financial results for the quarter ended June 30, 2022. The call starts at 5:00 p.m. Eastern Time, with a press release issued at 4:05 p.m. Participants can access the call via a live webcast or by telephone. A replay will be available until September 4, 2022. Stem specializes in AI-driven energy software and services, focusing on optimizing energy usage through advanced solutions and analytics.
Stem (NYSE: STEM) will engage in a fireside chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference in New York City on June 23, 2022, at 2:55 p.m. Eastern Time. The session will be available via webcast, accessible through Stem's investor relations website. Following the event, a recording will be archived for 30 days. Stem is a leader in AI-driven energy software solutions, focusing on optimizing energy use with advanced storage and analytics, and supports solar projects and energy management.
Stem (NYSE: STEM), through its subsidiary AlsoEnergy, has launched a distribution channel aimed at enhancing the adoption of clean energy assets across the U.S. This channel will provide Engineering, Procurement and Construction (EPC) firms and developers with streamlined access to AlsoEnergy’s edge-to-cloud optimization platform, which includes solutions for solar C&I systems. The initiative is expected to expand with additional distributors, reinforcing AlsoEnergy's position in the clean energy market and supporting its growth in asset management.
Stem reported Q1 2022 revenue of $41.1 million, a 166% increase from $15.4 million in Q1 2021. The GAAP Gross Margin rose to 9%, compared to (1)% a year ago. Despite a net loss of $(22.5) million, a significant improvement from $(82.6) million in Q1 2021, the company reaffirmed its full-year guidance. Significant growth in bookings to $151 million and a contracted backlog of $565 million, up 156% YoY, indicates strong operational momentum. The company ended Q1 with a cash reserve of $352 million.
Stem, Inc. (NYSE: STEM), an AI-driven energy solution leader, will host a conference call on May 5, 2022, at 5:00 p.m. ET to discuss its financial results for the quarter ending March 31, 2022. A press release will be available at 4:05 p.m. ET. Investors can access the call via a live webcast or by phone. A replay will be available until May 12, 2022. Stem provides advanced energy storage solutions integrated with AI to help customers optimize energy use and achieve sustainability goals.
Stem, a leader in AI-driven energy storage solutions, announced the appointment of Kim Homenock as Chief People Officer. Homenock brings 20 years of experience from notable firms such as Amazon and General Electric, overseeing organizational development and global HR strategies for over 500 employees. CEO John Carrington emphasized her expertise in talent management as crucial for the company's growth, especially following the recent AlsoEnergy acquisition. Homenock expressed her enthusiasm for advancing employee engagement within Stem's mission for a clean energy transition.
Stem (NYSE: STEM), a leader in AI-driven energy solutions, announced its participation in the Credit Suisse 27th Annual Energy Summit on February 28, 2022, and the Piper Sandler 22nd Annual Energy Conference on March 22, 2022. The company offers innovative energy storage solutions through its Athena® platform, enabling optimized energy management for enterprises. Stem also supports solar partners with integrated solutions for energy storage management. For more information, visit Stem Investor Relations.
Stem reports strong financial results for Q4 and full-year 2021, achieving record revenues of $52.8 million (+184%) and $127.4 million (+251%) respectively. The company boasts a record bookings of $216.9 million in Q4, contributing to a total of $416.5 million for the year. However, GAAP gross margin decreased to (3)% in Q4 compared to 5% in Q4 2020. The net loss narrowed to $(34.1) million from $(100.9) million year-over-year. Looking ahead, Stem sets 2022 revenue guidance at $350-$425 million, projecting significant growth for its Athena platform and newly acquired AlsoEnergy.
Stem, Inc. has partnered with Available Power to provide exclusive smart energy storage solutions in Texas. This collaboration allows Stem to utilize its Athena software across 100 energy storage projects, valued at over
Stem, Inc. (NYSE: STEM) is set to hold a conference call on February 24, 2022, at 5:00 p.m. ET, to discuss its Q4 and full-year financial results for 2021. A press release will precede this at 4:05 p.m. ET. The call will include guidance for 2022, considering its recent acquisition of AlsoEnergy. Interested parties can access the call via a live webcast or by dialing in. A replay will be available post-call until March 24, 2022.
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