STEM News and Press, Stem Inc Com From 05/04/23

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 Macken...

2023-05-02 14:01:04 ET Summary Stem recently increased its debt burden with a new bond issue. Part of the new debt will pay off a cheaper-to-finance old debt. The company has increased revenues since 2018, but has also continuously increased losses. Stem (STEM) was i...

RIVERSIDE, Calif., April 24, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation ( NYSE:SYY ), the world’s largest food distributor, unveiled its vision for the Riverside Electric Vehicle Hub , which will transform the company’s distribution center into the focal point of its electri...

2023-04-12 12:31:54 ET Summary New EPA target (and IRA) will support Stem earnings growth. Stem's latest accounts were solid. The management is on target to achieve its 2025 goals. We are estimating an EBITDA positive number in the 2023 second half. We reiterate our buy rating...

2023-04-06 12:15:26 ET Stem ( NYSE: STEM ) -2.5% to a 52-week low in Thursday's trading as Wolfe Research downgraded the stock to Peer Perform from Outperform, saying the investment case has not played out as hoped. The thesis for Stem ( STEM ) has drifted from targe...

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 ...

2023-04-04 11:23:09 ET Stem ( NYSE: STEM ) -7.3% in Monday's trading after Bank of America downgraded the stock to Underperform from Neutral with a $5 price target, cut from $9, seeing the company's latest convertible issuance "weighing on Street confidence given working cap...

2023-03-31 19:15:22 ET U.S. crude oil prices posted a fifth consecutive monthly decline but settled Friday at their highest in three weeks, and improving macroeconomic conditions could maintain upward momentum. This week's rally was sparked by the shutdown of ~450K bbl/day of Iraq...

2023-03-30 07:13:07 ET Stem ( NYSE: STEM ) announced on Thursday the pricing of $200M of its Green Convertible Senior Notes due 2030. The offering was upsized from the previously announced $175M to $200M. The notes will accrue 4.25% interest payable semi-annually in arrears ...

Stem, Inc. ("Stem") (NYSE: STEM) announced today the pricing of $200 million aggregate principal amount of 4.25% Green Convertible Senior Notes due 2030 (the "Notes") in a private offering (the "Offering"), which was upsized from the previously announced $175 million offering, to persons reasonab...