Appointments bolster Board and advances Company's software-forward strategy Stem (NYSE:STEM), a global leader in AI-enabled clean energy software and services, today announced that its Board of Directors has appointed Mr. Krishna Shivram to the Board as a Class I director and Mr. Vasudevan (Vasu) Guruswamy to the Board as a Class III director, both effective March 17, 2025. Mr. Shivram is an experienced leader of global public companies with expertise in corporate finance, capital structure management, and mergers and acquisitions. He is Managing Partner at Veritec Capital Partners and General Partner at Lavni Ventures India and USA. Mr. Shivram has a Bachelor of Commerce degree from Mumb

Advanced software platform supports one of the nation's leading commercial solar developers in scaling projects to help enhance grid resiliency Stem (NYSE:STEM), a global leader in AI-enabled clean energy software and services, today announced that its PowerTrack™ software platform is standard across Summit Ridge Energy's (Summit Ridge) operating fleet of 200 solar sites – totaling 514 megawatts (MW). As a leading U.S. developer, owner, and operator of commercial solar assets, Summit Ridge is using PowerTrack to optimize the performance and management of its growing portfolio. This is contributing to the company's accelerated deployment of distributed energy assets in response to increasin

Focused on Driving Ongoing Business Transformation Target Approximately ~15% ARR Growth in 2025, Enabled by Stem's Recently Introduced Software and Services-Centric Strategy to Drive Scalable Growth and Profitability PowerTrack Continues Expansion into International Markets with 484 MW Contract in Hungary Fourth Quarter and Full Year 2024 Financial and Operating Highlights Financial Highlights – Fourth Quarter 2024 Revenue of $55.8 million, down from $167.4 million (-67%) in Q4 2023 GAAP gross margin of (4)%, down from 7% in Q4 2023 Non-GAAP gross margin of 36%, up from 13% in Q4 2023 Net loss of $51.1 million versus net loss of $37.7 million in Q4 2023 Adjusted EBITDA of $4.2

Susquehanna downgraded Stem from Positive to Neutral and set a new price target of $0.50 from $2.00 previously

TD Cowen downgraded Stem from Buy to Hold and set a new price target of $1.00 from $4.00 previously

Goldman downgraded Stem from Buy to Neutral and set a new price target of $2.50 from $5.50 previously

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Appointments bolster Board and advances Company's software-forward strategy Stem (NYSE:STEM), a global leader in AI-enabled clean energy software and services, today announced that its Board of Directors has appointed Mr. Krishna Shivram to the Board as a Class I director and Mr. Vasudevan (Vasu) Guruswamy to the Board as a Class III director, both effective March 17, 2025. Mr. Shivram is an experienced leader of global public companies with expertise in corporate finance, capital structure management, and mergers and acquisitions. He is Managing Partner at Veritec Capital Partners and General Partner at Lavni Ventures India and USA. Mr. Shivram has a Bachelor of Commerce degree from Mumb

Stem's C-Suite further fortified with proven software expertise to accelerate delivery of AI-enabled software innovation Stem Inc. (NYSE:STEM), a global leader in AI-enabled clean energy software and services, today announced Albert Hofeldt, PhD as Stem's Chief Technology Officer (CTO), reporting to interim Chief Executive Officer (CEO), David Buzby, effective immediately. In his prior role as the Company's Executive Vice President (EVP) of Technology, Dr. Hofeldt has successfully led the critical responsibilities of advancing the Company's technology innovation since 2022 and will further advance Stem's delivery of AI-enabled software solutions for the clean energy market as Stem's CTO. H

Stem, Inc. (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the appointment of Gerard Cunningham to the Company's Board of Directors (the "Board"), effective April 19, 2024. Mr. Cunningham has extensive experience in the technology, software services ("SaaS"), and AI sectors and as an entrepreneur and founder of several data science-focused companies. Most recently, Mr. Cunningham was a partner at McKinsey & Company, where he co-founded and led its global clean technology practice, launched its AI for sustainability initiative, and was a leader in its digital business building practice. David Buzby, Chairman of the B

Focused on Driving Ongoing Business Transformation Target Approximately ~15% ARR Growth in 2025, Enabled by Stem's Recently Introduced Software and Services-Centric Strategy to Drive Scalable Growth and Profitability PowerTrack Continues Expansion into International Markets with 484 MW Contract in Hungary Fourth Quarter and Full Year 2024 Financial and Operating Highlights Financial Highlights – Fourth Quarter 2024 Revenue of $55.8 million, down from $167.4 million (-67%) in Q4 2023 GAAP gross margin of (4)%, down from 7% in Q4 2023 Non-GAAP gross margin of 36%, up from 13% in Q4 2023 Net loss of $51.1 million versus net loss of $37.7 million in Q4 2023 Adjusted EBITDA of $4.2

Stem (NYSE:STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, will hold a conference call on Tuesday, March 4, 2025, to discuss its financial results for the fourth quarter and full year ending December 31, 2024. The conference call is scheduled to begin at 5:00 p.m. Eastern Time. A press release regarding the results will be issued at approximately 4:05 p.m. Eastern Time. The conference call may be accessed via a live webcast on a listen-only basis at https://investors.stem.com/events-and-presentations. The call can also be accessed live over the telephone by dialing (877) 407-3982, or for international callers (201) 493-6780, and referen

New Strategy Implementation in Progress Increased ARR by more than $3M in 3Q, Representing +7% QoQ Growth Revising Full Year 2024 Guidance for Several Key Metrics Third Quarter 2024 Financial and Operating Highlights Financial Highlights Revenue of $29.3 million, down from $133.7 million in 3Q23. Reflects $5.6 million and $37.4 million reductions in revenue, respectively, due to revised negotiated valuations of assets under certain hardware price guarantees entered into in 2022 and 2023. Lower revenue in the quarter also reflects reduced battery hardware sales, partially offset by growth in software and services revenue1 GAAP gross profit of $6.2 million, up from $(20.3) million in

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