Stem, Inc. provides artificial intelligence (AI)-driven clean energy storage services. It delivers and operates smart battery storage solutions that maximize renewable energy generation and help build a resilient grid. The company's Athena, a AI-powered analytics platform software that uses artificial intelligence and machine learning to automatically switch between battery power, onsite generation, and grid power. Athena stabilizes the grid, reduces carbon emissions, and solves renewable intermittency across the network of distributed energy storage systems. The company serves customers, including Fortune 500 corporate energy users, project developers and installers, and utilities and independent power producers. Stem, Inc. was founded in 2009 and is headquartered in San Francisco, California.
IPO Year: 2020
Exchange: NYSE
Website: stem.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
6/23/2023 | $6.00 | Neutral | Piper Sandler |
6/6/2023 | $12.00 | Buy | Janney |
5/24/2023 | $11.00 | Outperform | Evercore ISI |
5/5/2023 | $11.00 → $8.00 | Outperform | TD Cowen |
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
Susquehanna analyst Biju Perincheril maintains Stem (NYSE:STEM) with a Positive and lowers the price target from $2.5 to $2.
Project strengthens Stem's growing foothold in the public power sector; helps Sulphur Springs Valley Electric Co-op deliver reliable clean power to its membersStem (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.
UBS analyst Jon Windham maintains Stem (NYSE:STEM) with a Buy and lowers the price target from $5 to $2.5.
Goldman Sachs analyst Brian Lee maintains Stem (NYSE:STEM) with a Neutral and lowers the price target from $2.5 to $2.
Gainers Graphex Gr (AMEX:GRFX) stock rose 16.5% to $0.27 during Monday's pre-market session. The market value of their outstanding shares is at $11.9 million. Richtech Robotics (NASDAQ:RR) stock rose 12.17% to $1.48. The market value of their outstanding shares is at $98.0 million. Recruiter.Com Group (NASDAQ:RCRT) stock increased by 8.97% to $1.7. The market value of their outstanding shares is at $2.4 million. noco-noco (NASDAQ:NCNC) shares rose 8.78% to $0.22. The company's market cap stands at $30.2 million. Stem (NYSE:STEM) shares rose 8.08% to $1.47. The company's market cap stands at $237.4 million. As per the press release, Q1 earnings came out 2 days ago. Lichen China (NASDAQ:
Gainers AERWINS Technologies (NASDAQ:AWIN) stock moved upwards by 61.5% to $5.2 during Friday's regular session. The market value of their outstanding shares is at $3.7 million. IES Hldgs (NASDAQ:IESC) stock rose 23.81% to $169.45. The company's market cap stands at $3.4 billion. As per the press release, Q2 earnings came out today. Team (NYSE:TISI) stock moved upwards by 18.96% to $7.15. The company's market cap stands at $31.5 million. Paylocity Holding (NASDAQ:PCTY) shares increased by 16.32% to $174.03. The market value of their outstanding shares is at $9.8 billion. The company's, Q3 earnings came out yesterday. FTC Solar (NASDAQ:FTCI) shares increased by 13.66% to $0.53. The compa
Evercore ISI Group analyst James West maintains Stem (NYSE:STEM) with a Outperform and lowers the price target from $13 to $9.
BMO Capital analyst Ameet Thakkar maintains Stem (NYSE:STEM) with a Market Perform and lowers the price target from $2.5 to $1.85.
U.S. stock futures were higher this morning, with the Dow futures gaining over 250 points on Friday. Shares of Stem, Inc. (NYSE:STEM) shares fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results and cut its FY24 revenue guidance. Stem posted a quarterly loss of 46 cents per share, versus market expectations for a loss of 21 cents per share. The company's quarterly sales came in at $25.47 million missing estimates of $57.11 million, according to data from Benzinga Pro. Stem shares dipped 18.7% to $1.55 in pre-market trading in pre-market trading. Here are some big stocks recording losses in today's pre-market trad
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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. This press release features multimedia. View the ful
Advanced software suite aims to bridge technical and commercial operations for optimal asset performance Stem (NYSE:STEM), a global leader in AI-driven clean energy solutions and services, today announced its new PowerTrack™ Asset Performance Management (APM) suite, a powerful software solution enabling owners, operators, and asset managers to centralize and streamline the management of storage, solar, and hybrid energy asset portfolios. The suite includes highly configurable, persona-based dashboards and workflows, allowing users to create and customize the interface and data that matter most to them. From portfolio-level technical and commercial performance monitoring to site-level info
Substantial increase of +42% CARR-to-ARR conversion since January 2024 Introducing Next Generation Asset Performance Management Software Suite Reaffirming Full Year 2024 Operating Cash Flow, Adjusted EBITDA, Gross Margin and Bookings Guidance First Quarter 2024 Financial and Operating Highlights Financial Highlights1 Revenue of $25.5 million, down from $67.4 million (-62%) in 1Q23. Reflects a $33 million reduction in revenue due to an updated valuation of certain contract guarantees for hardware revenue recorded in 2022 and 2023 GAAP gross profit of $(24.2) million, down from $1.0 million in 1Q23, primarily as a result of the net revenue reduction Non-GAAP gross margin of 2
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 (NYSE:STEM), a leader in AI-driven clean energy solutions and services, will hold a conference call on Thursday, May 2, 2024, to discuss its results for the quarter ended March 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 referencing Stem. A replay will be available shortly after the call and ca
Stem's market bidding software to help drive returns and operational efficiencies across utility-scale renewable energy assets for Central Coast Community Energy and Silicon Valley Clean Energy Stem (NYSE:STEM), a leader in AI-driven clean energy solutions and services, today announced that its Athena® PowerBidder™ Pro application has been selected by two community choice aggregators (CCAs) – Central Coast Community Energy (3CE) and Silicon Valley Clean Energy (SVCE) – to support scalable bid optimization management and help maximize the value of multiple battery energy storage systems (BESS) in the California Independent System Operator (CAISO) market. Under this software-only contract,
Stem's market bidding tool to enable leading global energy trader to quickly scale battery operations Stem (NYSE:STEM), a global leader in AI-driven clean energy solutions and services, today announced that its Athena® PowerBidder™ Pro application has been selected by Mercuria Energy Trading, a leading global energy trader, to support bid optimization management for its first energy storage system (ESS) in Electric Reliability Council of Texas (ERCOT). Under this software-only contract, Mercuria will leverage PowerBidder Pro's award-winning combination of configurability, cutting-edge analytics, advanced price forecasting and bid optimization, and seamless automation to develop customized
Achieved Key Milestone with Positive Adjusted EBITDA in Q4 and 2H23 Expect to Generate at Least $50 Million of Operating Cash Flow in 2024 Awarded PowerBidder™ Pro Contract by Mercuria Energy Trading Outlook Expect to achieve positive adjusted EBITDA of between $5 million and $20 million in 20241 Project at least $50 million in operating cash flow generation for the full year 2024 with no equity issuance Fourth Quarter and Full Year 2023 Financial and Operating Highlights Financial Highlights – Fourth Quarter 2023 Revenue of $167.4 million, up from $155.5 million (+8%) in Q4 2022 GAAP gross margin of 7%, down from 8% in Q4 2022 Non-GAAP gross margin of 13%, up from
Stem (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Wednesday, February 28, 2024, to discuss its results for the fourth quarter and full year ended December 31, 2023, as well as outlook for 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 (855) 327-6837, or for international callers +1 (
Frost & Sullivan cites Stem's innovation, market alignment, and Athena® PowerBidder™ Pro as key differentiators that "take energy asset optimization one step further than any competing solution" Stem (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, announced that Frost & Sullivan, a leading global research and growth consulting firm, has awarded Stem its 2023 New Product Innovation Award in the North America energy asset performance optimization industry. Frost & Sullivan's independent evaluation credits Stem's continued research and development, innovative software solutions, and strong commitment to proactively support customers as
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Goldman downgraded Stem from Buy to Neutral and set a new price target of $2.50 from $5.50 previously
TD Cowen reiterated coverage of Stem with a rating of Outperform and set a new price target of $5.00 from $7.00 previously
Guggenheim downgraded Stem from Buy to Neutral
Exane BNP Paribas initiated coverage of Stem with a rating of Neutral and set a new price target of $5.00
Morgan Stanley downgraded Stem from Overweight to Equal-Weight and set a new price target of $8.00 from $12.00 previously
Barclays initiated coverage of Stem with a rating of Equal Weight and set a new price target of $6.00
Piper Sandler initiated coverage of Stem with a rating of Neutral and set a new price target of $6.00
Janney initiated coverage of Stem with a rating of Buy and set a new price target of $12.00
Evercore ISI initiated coverage of Stem with a rating of Outperform and set a new price target of $11.00
TD Cowen reiterated coverage of Stem with a rating of Outperform and set a new price target of $8.00 from $11.00 previously
Substantial increase of +42% CARR-to-ARR conversion since January 2024 Introducing Next Generation Asset Performance Management Software Suite Reaffirming Full Year 2024 Operating Cash Flow, Adjusted EBITDA, Gross Margin and Bookings Guidance First Quarter 2024 Financial and Operating Highlights Financial Highlights1 Revenue of $25.5 million, down from $67.4 million (-62%) in 1Q23. Reflects a $33 million reduction in revenue due to an updated valuation of certain contract guarantees for hardware revenue recorded in 2022 and 2023 GAAP gross profit of $(24.2) million, down from $1.0 million in 1Q23, primarily as a result of the net revenue reduction Non-GAAP gross margin of 2
Stem (NYSE:STEM), a leader in AI-driven clean energy solutions and services, will hold a conference call on Thursday, May 2, 2024, to discuss its results for the quarter ended March 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 referencing Stem. A replay will be available shortly after the call and ca
Achieved Key Milestone with Positive Adjusted EBITDA in Q4 and 2H23 Expect to Generate at Least $50 Million of Operating Cash Flow in 2024 Awarded PowerBidder™ Pro Contract by Mercuria Energy Trading Outlook Expect to achieve positive adjusted EBITDA of between $5 million and $20 million in 20241 Project at least $50 million in operating cash flow generation for the full year 2024 with no equity issuance Fourth Quarter and Full Year 2023 Financial and Operating Highlights Financial Highlights – Fourth Quarter 2023 Revenue of $167.4 million, up from $155.5 million (+8%) in Q4 2022 GAAP gross margin of 7%, down from 8% in Q4 2022 Non-GAAP gross margin of 13%, up from
Stem (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Wednesday, February 28, 2024, to discuss its results for the fourth quarter and full year ended December 31, 2023, as well as outlook for 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 (855) 327-6837, or for international callers +1 (
Record Third Quarter Bookings of $676 million 10+ GWh Software and Services Agreement with SB Energy Expect Full-Year Adjusted EBITDA Positive in 2024 Outlook The Company expects to achieve adjusted EBITDA positive in 2H 2023, which reflects an adjustment to exclude the impact of a $37.4 million reduction in revenue(1) Expect full year adjusted EBITDA positive in 2024, with no expectation of a need for additional equity issuance to achieve goal Revenue growth poised for strong momentum Q3 2023 bookings of $676.4 million (~2x guidance for the quarter) Solar asset performance management backlog up +41% YoY Service revenue growth expected to accelerate; SB Energy agreeme
Stem, Inc. (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Thursday, November 2, 2023, to discuss its financial results for the quarter ended September 30, 2023. 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 (855) 327-6837, or for international callers (631) 891-4304, and referencing Stem.
Strong Second Quarter Revenue of $93 million, Above Midpoint of Guidance Range Ameresco (313 MWh) and Hungary (304 MW) Projects Highlight FTM Momentum Technology Leadership Further Recognized By Third-Party Awards Reaffirm Full-Year 2023 Financial and Operating Guidance Second Quarter 2023 Financial and Operating Highlights Financial Highlights Revenue of $93.0 million, up from $66.9 million (+39%) in Q2 2022 GAAP gross margin of 13%, up from 12% in Q2 2022 Non-GAAP gross margin of 18%, up from 17% in Q2 2022 Net income of $19.1 million versus net loss of $32.0 million in Q2 2022 Adjusted EBITDA of $(9.5) million versus $(11.1) million in Q2 2022 Ended Q2 with $1
Stem, Inc. (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, will hold a conference call on Thursday, August 3, 2023, to discuss its financial results for the quarter ended June 30, 2023. 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 (855) 327-6837, or for international callers (631) 891-4304 and referencing Stem. A repla
Record First Quarter Revenue of $67 million, Above High End of Guidance Range Accelerating Growth in Software Services Reaffirm Full-Year 2023 Financial and Operating Guidance Recognized as Largest Energy Storage Virtual Power Plant Operator in North America by Wood Mackenzie First Quarter 2023 Financial and Operating Highlights Financial Highlights Record Q1 revenue of $67 million, up from $41 million (+63%) in Q1 2022 GAAP gross margin of 1%, down from 9% in Q1 2022 Non-GAAP gross margin of 19%, up from 16% in Q1 2022 Net loss of $45 million versus net loss of $22 million in Q1 2022 Adjusted EBITDA of $(14) million versus $(13) million in Q1 2022 Ended the quar
Stem, Inc. (NYSE:STEM), a global leader in AI-driven clean energy solutions and services, will hold a conference call on Thursday, May 4, 2023, to discuss its financial results for the quarter ended March 31, 2023. 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 (855) 327-6837, or for international callers (631) 891-4304, and referencing Stem. A replay will be available shortl
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
Stem (NYSE:STEM), a global leader in AI-driven clean energy solutions and services, today announced the appointment of Michael Carlson as its Chief Operating Officer. A global business executive, Michael brings 30 years of experience in finance, technology, and operations management across multiple industries and specifically 20 years of energy expertise in leveraging technology to drive value through business transformation and grid modernization. At Stem, he will be responsible for the company's day-to-day operations, program execution, deployment, and manufacturing, in addition to serving as a member of the senior executive leadership team. Prior to joining Stem, Michael served as Vice
Stem, Inc. ("Stem" or "the Company") (NYSE:STEM), a global leader in artificial intelligence (AI)-driven energy storage software and services, today announced the addition of Kim Homenock to the Stem leadership team as Chief People Officer. Homenock brings 20 years' experience in senior human resources (HR) leadership positions. At Stem, Homenock will oversee the global HR team with a focus on organizational development, global talent acquisition, training, and enhancing the employee experience for more than 500 Stem employees. Homenock's extensive leadership experience includes senior positions at Amazon and General Electric (GE). In roles at Amazon's Devices Software & Services and Trans
Stem, Inc. ("Stem" or the "Company") (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the appointment of Matt Tappin as Vice President of Corporate Development and his addition to the Stem executive leadership team. In this role, Tappin will lead the development and execution of the Company's inorganic growth strategy, including mergers and acquisitions (M&A), investments, joint ventures, and related matters. Tappin brings significant experience in developing corporate strategy related to the energy transition and executing those plans to drive growth. Prior to joining Stem, he held senior corporate development positions at
Stem, Inc. ("Stem" or the "Company") (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the appointment of Saul Laureles as its Chief Legal Officer and Corporate Secretary. In this role, Laureles will lead the Company's global legal function, including corporate governance, securities and mergers & acquisitions (M&A), as well as environmental, social, and governance compliance. Laureles brings more than 20 years of legal and strategic business experience including handling complex legal and financial matters and advising executives and board members on corporate governance, securities and M&A, and other general corporate matte