Stem, AEPCO Partner With Prometheus Power To Deploy Storage And Solar Project For Arizona Member Co-op

6/11/24 8:40:43 AM ET

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Project strengthens Stem's growing foothold in the public power sector; helps Sulphur Springs Valley Electric Co-op deliver reliable clean power to its members

Stem (NYSE:STEM), a global leader in AI-driven clean energy solutions and services, and Arizona Electric Power Cooperative (AEPCO), a not-for-profit, member-owned electric generation and transmission (G&T) cooperative, in partnership with Prometheus Power (Prometheus), a national renewable energy developer, today announced the successful deployment of a co-located storage and solar project to help deliver clean, reliable power to its distribution co-ops and public power members.

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Recent Analyst Ratings for
$STEM

Date	Price Target	Rating	Analyst
8/9/2024	$2.00 → $0.50	Positive → Neutral	Susquehanna
8/7/2024	$4.00 → $1.00	Buy → Hold	TD Cowen
3/22/2024	$5.50 → $2.50	Buy → Neutral	Goldman
2/29/2024	$7.00 → $5.00	Outperform	TD Cowen
11/3/2023		Buy → Neutral	Guggenheim
10/20/2023	$5.00	Neutral	Exane BNP Paribas
9/6/2023	$12.00 → $8.00	Overweight → Equal-Weight	Morgan Stanley
8/30/2023	$6.00	Equal Weight	Barclays

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$STEM
Press Releases

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Stem Announces Third Quarter 2024 Results
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
10/30/24 4:05:00 PM ET
$STEM
Industrial Machinery/Components
Miscellaneous
Stem Appoints Albert Hofeldt as Chief Technology Officer
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
10/23/24 8:30:00 AM ET
$STEM
Industrial Machinery/Components
Miscellaneous
Stem Announces New Software and Services-Centric Strategy to Drive Scalable Growth and Profitability
Refined go-to-market strategy and leadership structure emphasizing software and services; expanding energy consulting offerings Actions expected to drive more scalable, recurring, and profitable revenue streams with improved working capital and cash flow profile Company to provide additional details on strategy roadmap on third quarter 2024 earnings call Stem, Inc. (NYSE:STEM) (the "Company," Stem" or "we"), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced the outcome of its previously announced review of the Company's strategy led by the Board's Software Strategy Working Group, which worked closely with the Stem management team.
10/1/24 5:00:00 PM ET
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$STEM
Market Insights

Live Market Insights

Why SAP Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket
Shares of SAP SE (NYSE:SAP) rose sharply in today's pre-market trading after the company reported second-quarter financial results. SAP reported quarterly earnings of 82 cents per share which missed the analyst consensus estimate of $1.19 per share. Quarterly sales came in at $8.92 billion which missed the analyst consensus estimate of $8.96 billion, representing an 8.81% increase over sales from the same period last year, according to data from Benzinga Pro. SAP shares gained 5.9% to $212.34 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Nature’s Miracle Holding Inc. (NASDAQ:NMHI) rose 183.4% to $0.9779 in pre-market trading after fal
7/23/24 5:29:04 AM ET
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What Analysts Are Saying About Stem Stock
In the latest quarter, 5 analysts provided ratings for Stem (NYSE:STEM), showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 2 0 0 Analysts have recently evaluated Stem and provided 12-month price targets. The average target is $3.47, accompanied by a high estimate of $9.00 and a low estimate of $1.85. A
7/15/24 12:00:57 PM ET
$STEM
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Miscellaneous
Susquehanna Maintains Positive on Stem, Lowers Price Target to $2
Susquehanna analyst Biju Perincheril maintains Stem (NYSE:STEM) with a Positive and lowers the price target from $2.5 to $2.
7/15/24 9:27:24 AM ET
$STEM
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Stem Announces Third Quarter 2024 Results
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
10/30/24 4:05:00 PM ET
$STEM
Industrial Machinery/Components
Miscellaneous
Stem Announces New Software and Services-Centric Strategy to Drive Scalable Growth and Profitability
Refined go-to-market strategy and leadership structure emphasizing software and services; expanding energy consulting offerings Actions expected to drive more scalable, recurring, and profitable revenue streams with improved working capital and cash flow profile Company to provide additional details on strategy roadmap on third quarter 2024 earnings call Stem, Inc. (NYSE:STEM) (the "Company," Stem" or "we"), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced the outcome of its previously announced review of the Company's strategy led by the Board's Software Strategy Working Group, which worked closely with the Stem management team.
10/1/24 5:00:00 PM ET
$STEM
Industrial Machinery/Components
Miscellaneous
Stem Announces Third Quarter 2024 Earnings Results Conference Call
Stem (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Wednesday, October 30, 2024, to discuss its financial results for the quarter ended September 30, 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 1-844-825-9789, or for international callers, 1-412-317-5180 and referencing Stem. A repla
9/30/24 4:05:00 PM ET
$STEM
Industrial Machinery/Components
Miscellaneous

Stem Appoints Albert Hofeldt as Chief Technology Officer
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
10/23/24 8:30:00 AM ET
$STEM
Industrial Machinery/Components
Miscellaneous
Stem Announces Appointment of AI Industry Leader as New Independent Director
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
4/19/24 4:30:00 PM ET
$STEM
Industrial Machinery/Components
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Stem Announces Appointment of New Independent Director
Stem, Inc. (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the appointment of Ira M. Birns to the Company's Board of Directors (the "Board"), effective November 6, 2023. In connection with his appointment to the Board, Mr. Birns will also Chair the Audit Committee of the Board. Mr. Birns has extensive experience in management, finance and accounting from serving as a senior finance executive at large publicly-traded multinational corporations, as well as significant experience in mergers & acquisitions, capital markets, investor relations and in the energy sector, including renewable fuels and power. Mr. Birns is th
10/31/23 4:30:00 PM ET
$STEM
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Stem, AEPCO Partner With Prometheus Power To Deploy Storage And Solar Project For Arizona Member Co-op

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Recent Analyst Ratings for $STEM

$STEM Press Releases

Fastest customizable press release news feed in the world

Stem Announces Third Quarter 2024 Results

Stem Appoints Albert Hofeldt as Chief Technology Officer

Stem Announces New Software and Services-Centric Strategy to Drive Scalable Growth and Profitability

$STEM Market Insights

Live Market Insights

Why SAP Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

What Analysts Are Saying About Stem Stock

Susquehanna Maintains Positive on Stem, Lowers Price Target to $2

$STEM SEC Filings

SEC Form 10-Q filed by Stem Inc.

Stem Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Stem Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$STEM Analyst Ratings

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Stem downgraded by Susquehanna with a new price target

Stem downgraded by TD Cowen with a new price target

Stem downgraded by Goldman with a new price target

$STEM Insider Purchases

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$STEM Financials

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$STEM Leadership Updates

Live Leadership Updates

$STEM Insider Trading

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$STEM Large Ownership Changes

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Director Buzby David S gifted 20,498 shares, received a gift of 20,498 shares and bought $176,178 worth of shares (96,300 units at $1.83), increasing direct ownership by 370% to 96,300 units (SEC Form 4) (Amendment)

Buzby David S bought $61,178 worth of shares (33,800 units at $1.81), increasing direct ownership by 5% to 768,448 units (SEC Form 4)

Buzby David S bought $115,000 worth of shares (62,500 units at $1.84), increasing direct ownership by 9% to 734,648 units (SEC Form 4)

Stem Announces Third Quarter 2024 Results

Stem Announces New Software and Services-Centric Strategy to Drive Scalable Growth and Profitability

Stem Announces Third Quarter 2024 Earnings Results Conference Call

Stem Appoints Albert Hofeldt as Chief Technology Officer

Stem Announces Appointment of AI Industry Leader as New Independent Director

Stem Announces Appointment of New Independent Director

SEC Form 4 filed by Chief Operating Officer Carlson Michael James

SEC Form 4 filed by Chief Technology Officer Albert Hofeldt

SEC Form 4 filed by Chief Legal Officer Laureles Saul R.

SEC Form SC 13G filed by Stem Inc.

Amendment: SEC Form SC 13G/A filed by Stem Inc.

Amendment: SEC Form SC 13G/A filed by Stem Inc.

Recent Analyst Ratings for
$STEM

$STEM
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$STEM
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Analyst Ratings

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$STEM
Financials

$STEM
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Large Ownership Changes