Stem, Inc. Reaffirms Revenue Guidance for Fourth Quarter and Full Year 2021
November 09, 2021 at 04:28 pm EST
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Stem, Inc. reaffirmed revenue guidance for fourth quarter and full year 2021. For the quarter, the Company reaffirms that it expects to recognize 50% to 60% of total 2021 revenue in Q4.
For the year, the Company reaffirms its guidance of full-year 2021 revenue of $147 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. 
