Stem’s Revenue Drops 63% in Q2 2024 as Project Timelines Extend

The decrease in total revenue was due to lower hardware revenue

August 8, 2024

/ Energy Storage, Finance and M&A, Renewable Energy, Solar

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Artificial intelligence (AI)-driven clean energy solutions and services provider Stem saw its revenue dropping 63% from $93 million in the second quarter (Q2) 2023 to $34 million in Q2 2024.

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Stem’s Revenue Drops 63% in Q2 2024 as Project Timelines Extend

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