Stem, Inc. Reaffirms Revenue Guidance for the Third Quarter, Fourth Quarter and Full Year 2023
August 03, 2023 at 04:38 pm EDT
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Stem, Inc. reaffirmed revenue guidance for the third quarter, fourth quarter and full year 2023. For the third quarter, the company expected revenue to be $165 million - $195 million.
For the fourth quarter, the company expected revenue to be $230 million - $290 million.
For the year 2023, the company expected revenue to be $550 million - $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. 
