Stem's Liquidity Angst And Cash Flow In 2024 [Seeking Alpha]
Stem, Inc. Class A (STEM)
US:NASDAQ Investor Relations:
investor.stemcellsinc.com
Company Research
Source: Seeking Alpha
The company is set to generate $50 million in operating cash flow in 2024 with contracted annual recurring revenue set to reach $115 million exiting 2024 at minimum. With the commons trading for 0.62x the midpoint of its 2024 revenue guidance range, Stem, Inc. is set for a possible valuation boost when the Fed starts cutting interest rates. Stem, Inc. NYSE: STEM ) faces a crunch in liquidity even as demand for utility-scale energy storage booms, with cash and equivalents at $114 million at the end of its fiscal 2023 fourth quarter. The direction of liquidity over the last three years does not make for a pretty view, with a perpetual dip since the company went public. The situation is not existential, but Stem is increasingly being pushed towards a grey area as a Fed funds rate sitting at 22-year highs renders debt more expensive, darkens investor sentiment on green energy tickers, and disrupts the momentum of new green energy projects. I'm bullish on the energy transition, and
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News
- Stem, Inc. (STEM) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
- Stem Announces Appointment of AI Industry Leader as New Independent Director [Yahoo! Finance]Yahoo! Finance
- Stem Announces Appointment of AI Industry Leader as New Independent DirectorBusiness Wire
- Stem Announces First Quarter 2024 Earnings Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Stem Announces First Quarter 2024 Earnings Results Conference CallBusiness Wire
STEM
Earnings
- 11/2/23 - Miss
STEM
Sec Filings
- 4/24/24 - Form 144
- 4/22/24 - Form 4
- 4/22/24 - Form 3
- STEM's page on the SEC website