Guggenheim downgraded Stem from Buy to Neutral
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| 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 |
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
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
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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
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.
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
8-K - STEM, INC. (0001758766) (Filer)
10-Q - STEM, INC. (0001758766) (Filer)
8-K - STEM, INC. (0001758766) (Filer)
4 - STEM, INC. (0001758766) (Issuer)
4 - STEM, INC. (0001758766) (Issuer)
4 - STEM, INC. (0001758766) (Issuer)
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
Proven software executive with more than 25 years of experience to lead Company in execution of its software-focused strategy Concludes CEO search announced in September 2024 and advances Stem's transformation to a software and services company David Buzby to step down as Interim CEO and Executive Chair, will remain Board Chair Stem, Inc. (NYSE:STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its Board of Directors has appointed Arun Narayanan as Stem's new Chief Executive Officer, effective January 27, 2025. Additionally, David Buzby will step down as Interim CEO and Executive Chairman of the Board, effective Janu
Five-year agreement is evidence of the Company's AI-driven value and utility-scale traction in Eastern Europe Stem (NYSE:STEM), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that its award-winning solar monitoring and optimization solutions will be standard in supporting the commercial operation of a 484 megawatt (MW) solar portfolio for Neovolt, one of the largest asset owners in Hungary. Under the five-year agreement, Stem's PowerTrack Web will monitor, optimize, and control eight utility-scale sites in Hungary, through a comprehensive view across the entire portfolio. Stem's strength in both technical execution and local mar
60-day contract-to-deployment timeline exemplifies Stem's software-centric strategy to maximize profitability and drive scalable growth Stem (NYSE:STEM) ("Stem" or the "Company"), a global leader in artificial intelligence (AI)-enabled clean energy software and services, today announced that Mercuria Energy Trading, a leading global energy trader, has standardized on Stem's PowerBidder™ Pro to support bidding management and optimization strategies for a second clean energy asset within the Electric Reliability Council of Texas (ERCOT). Deployed fewer than 60 days after contracting, the software's industry-leading integration and configuration capabilities enabled an accelerated timeline f