News Digest / Ticker: STEM

Ticker: STEM

08:54am, Wednesday, Aug 07, 2024

Stem, Inc. Reports Disappointing Q2 Earnings but Sees Silver Linings Amid Project Delays and Strategic Shifts

Stem, Inc. (NYSE: STEM) reported disappointing Q2 earnings with $34M in revenue, below expectations. The company faces project delays but shows promise with a 19% CAGR in software services and improved gross margins. Long-term growth strategies are underway.