Stem, Inc. Provides Earnings Guidance for the Second, Third and Fourth Quarter and Full Year of 2023
May 04, 2023 at 04:31 pm EDT
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Stem, Inc. provided earnings guidance for the second, third and fourth quarter and full year of 2023. For the second quarter, the company expects revenue of 15%.
For the third quarter, the company expects revenue of 30%.
For the fourth quarter, the company expects revenue of 45%.
For the year, the company expects revenue of $550 million to $650 million.
Stem, Inc. provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Its artificial intelligence (AI)-driven enterprise software platform, Athena, enables organizations to deploy and unlock value from clean energy assets at scale. It delivers its battery hardware and software-enabled services to its customers through its Athena platform. Its applications, including AlsoEnergyâs PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. It operates in two key areas within the energy landscape: Behind-the-Meter (BTM) and Front-of-the-Meter (FTM). BTM systems provide power that can be used on-site without interacting with the electric grid and passing through an electric meter. It also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and electric vehicle (EV) fleet charging.
STEM, INC. 
