Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

The company's revenue fell by 62% on a $33 million non-cash charge

May 6, 2024

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Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended project timelines and declining battery prices hurt its bottom line.

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Arshreet Singh

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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Continue Reading with Premium Access

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