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. has announced a Co-Marketing Agreement with ENGIE North America to enhance eMobility solutions across the U.S., particularly targeting schools, transit agencies, and commercial fleets. The collaboration will integrate Stem's Athena® software with ENGIE's turnkey EV charging solutions, streamlining operations and optimizing energy management. This combined offering aims to simplify the electrification process amid a projected 26% annual growth in EV charging installations by 2030. Alan Russo, Stem's CRO, emphasized the importance of cohesive strategies for managing energy consumption and environmental impact.
Stem, Inc. (NYSE: STEM), a leader in AI-driven energy storage, will participate in two key virtual investor conferences: the Goldman Sachs Global Energy and Clean Technology Conference on
Stem has announced the acquisition of AlsoEnergy for $695 million, combining their strengths in AI-driven energy storage and solar asset management. The deal will enhance Stem's software revenue and improve margins, expanding assets under management by 32.5 GW across over 50 countries. The acquisition aims to provide a unified platform for energy projects, allowing customers to optimize both solar and storage solutions. Management believes this transaction will accelerate growth and add significant value to customers through improved technology integration.
Stem, Inc. (NYSE: STEM) has priced $400 million of 0.50% Green Convertible Senior Notes due 2028, an increase from the initial $350 million offering. The notes, aimed at qualified institutional buyers, will mature on December 1, 2028, with an initial conversion rate of 34.1965 shares per $1,000 principal. The capital raised will support green projects and reduce common stock dilution via capped call transactions. The offering is set to close on November 22, 2021, subject to customary conditions.
Stem, Inc. (NYSE: STEM) plans to offer $350 million in green Convertible Senior Notes due 2028, with an option for initial purchasers to acquire an additional $52.5 million. The notes are senior, unsecured obligations and will accrue interest semi-annually. They will be convertible into cash, shares, or a combination, and redeemable from December 5, 2025, under specific conditions. Proceeds will fund capped call transactions and finance Eligible Green Expenditures to enhance energy systems. The offering will not be registered under the Securities Act, limiting sales to qualified institutional buyers.
Stem (NYSE: STEM) reported record financial results for Q3 2021, achieving revenues of $39.8 million, marking a 334% increase YoY. The company experienced a positive gross margin of 8%, compared to a negative 19% in Q3 2020. Net income reached $115.6 million, significantly up from a loss of $18.8 million last year, primarily due to a non-cash warrant revaluation. The company ended the quarter with $576 million in cash and zero debt. Its 12-month pipeline grew to $2.4 billion, and bookings surged 183% to $104 million.
Stem, Inc. (NYSE: STEM) will hold a conference call on November 9, 2021, at 5:00 p.m. ET to discuss its financial results for the quarter ending September 30, 2021. A press release containing these results will be issued at approximately 4:05 p.m. ET on the same day. The call will be accessible via a live webcast and by telephone for both domestic and international participants. A replay will be available for one week after the call.
Stem, Inc. (NYSE: STEM) has expanded its Athena® smart energy software to support seven value streams for project developers in ISO-New England. The enhancements include Athena Supervisor and Athena Bidder, which automate market participation and optimize revenue for front-of-meter and behind-the-meter projects. Recent achievements include automated participation in day-ahead and real-time energy markets, as well as new offerings for CAISO, ERCOT, and PJM markets, enhancing revenue potential. The company aims for increased market value and returns for customers through advanced AI-driven solutions.
Stem (NYSE: STEM) and Copec have launched South America’s first virtual power plant (VPP) and completed a smart energy storage system in Chile. This partnership, established in July 2020, aims to optimize energy use and reduce costs. Stem’s Athena® software will integrate local grid data to enable efficient power usage and enhance resilience for commercial and industrial customers. The VPP will provide stability during peak demand, supporting Chile's goal of 70% renewable energy by 2030. This project positions Copec as a leader in smart grid technology.
Stem, Inc. (NYSE: STEM), a leader in AI-driven energy storage, announced its participation in the Barclays CEO Energy-Power Conference on September 9, 2021. The event will be virtual, and an investor presentation will be available on the Company’s Investor Relations website on the same date. Stem's innovative solutions integrate advanced energy storage with its AI-powered platform, Athena, enabling businesses to optimize energy usage and achieve sustainability goals. This initiative supports companies in enhancing their energy infrastructure while promoting environmental responsibility.
