STEM - Stem hits new 52-week low after Q4 loss revenue miss

Stem Inc. (STEM -19%) sinks to a new 52-week low after reporting a larger than forecast Q4 loss and record-high quarterly revenues that tripled from a year ago but missed analyst expectations. Stem's Q4 net loss narrowed to $34.1M from last year's $100.9M loss but was still wider than the analyst consensus for an $11.6M loss. Q4 bookings totaled a record $216.9M, 5x higher than the year-ago period; for the full year, bookings jumped 202% to $417M, bolstering contracted backlog by 144%. Stem said it is on course to execute on more than $1B worth of bookings in the 18 months leading up to year-end 2022, and that its pipeline of opportunities totals $4B of potential orders. The energy software and services company offered FY 2022 revenue guidance of $350M-$425M, in line with $373M analyst consensus. "Supply chain, permitting and interconnection delays negatively impacted our fourth quarter revenues, but demand

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Stem hits new 52-week low after Q4 loss, revenue miss