Trade Stem, Inc. - STEM CFD

Stem, Inc. Company profile

About Stem Inc

Stem, Inc. (Stem), formerly Star Peak Energy Transition Corp., delivers and operates smart battery storage solutions. The Company is focused on providing smart energy storage and energy management software. It also enagaged in offering clean energy intelligence and optimization. Stem's energy software platform, Athena, is an artificial intelligence (AI)-powered analytics platform that enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Its solutions include energy storage, solar plus storage, wholesale energy markets, microgrids, backup power and voltage support, utility bill optimization, demand response and commercial electronic vehicle (EV) charging. The Company's customers include enterprise, commercial and industrial, electric cooperatives, project developers, utilities, solar engineering, procurement and construction (EPCs), and independent power producers (IPPs) and asset owners.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Stem Inc revenues increased from $0K to $127.4M. Net loss decreased 10% to $101.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Change in fair value of warrants and emb increase from $109.3M (expense) to $3.4M (income). Basic Earnings per Share excluding Extraordinary Items increased from -$2.36 to -$0.96.