Stem Inc Stock Forum

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$Stem Inc(STEM.US)$
Operating Highlights
Record 12-month Pipeline of $2.4 billion, up from $1.7 billion (+41%) at the end of the second quarter
Record Bookings of $104 million, up from $37 million (+183%) in the same quarter last year
Record Contracted Backlog of $312 million, up from $250 million (+25%) at the end of the second quarter
Record Contracted Assets Under Management (AUM) of 1.4 gigawatt hours (GWh), up from 1.0 GWh in the same quarter last year

$Stem Inc(STEM.US)$ SAN FRANCISCO--(BUSINESS WIRE)--Stem, Inc. ("Stem" or the "Company") (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced today its financial results for the third quarter ended September 30, 2021.
Financial Highlights
Record revenues of $39.8 million, up from $9.2 million (+334%) in the same quarter last year
Record Gross Margin (GAAP) of 8% versus (19)% in the same quarter last year
Non-GAAP Gross Margin of 15% versus 8% in the same quarter last year
Net Income of $115.6 million versus Net Loss of $(18.8) million in the same quarter last year. Net Income in the quarter was driven primarily by a non-cash revaluation of Public Warrants. All outstanding Public Warrants were exercised or redeemed during the quarter
Adjusted EBITDA of $(7.2) million versus $(7.9) million in the same quarter last year
Ended the third quarter of 2021 with $576 million in cash, cash equivalents and short-term investments and zero debt

$Stem Inc(STEM.US)$ Battery energy storage and software provider Stem reported third-quarter earnings that beat Wall Street expectations. Solid earnings, however, are only part of the story. The company’s opportunities are expanding even as battery costs and supply-chain problems need to be managed.
Investors look pleased with results. Shares are up about 12% in after-hours trading, at $25.71. The stock closed down about 8% in regular Tuesday trading. There wasn’t much news to drive shares lower, except for pending earnings. Shares are now up about $1 compared with Monday’s close of $24.78 a share.

$Stem Inc(STEM.US)$ STEM - recently went public and took a big hit with the $PAC wipeout. They’re a solar installer and have a proprietary auto bidding platform called Athena that they provide with every install and has been shown to provide energy savings of 30-40% by using AI to cycle between onsite renewable energy generation, grid power, and battery backup to avoid paying for energy during peak times. The risk is that Athena is really the only advantage they have over other green energy companies. They don’t manufacture batteries or solar panels. Tesla also has a similar program called Autobidder. However, STEM has something of a first mover advantage, good market share (75% in Cali as of last year), and deals with lots of Fortune 500 companies.