---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-24-000170"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:36:57.271069+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stem announces new software and services-centric strategy, reducing hardware reliance

## Summary
- Shift to software and services for predictable, recurring, high-margin revenue; de-emphasizes hardware resale.
- Expands energy consulting services as entry point, aiming for less dependent revenue on external factors.
- Plans to combine PowerTrack and Athena platforms into a single asset management and optimization platform.
- Hardware procurement will require zero working capital and accompany software; backlog ~$1.6B still serviced.
- Further strategy details to be provided on Q3 2024 earnings call October 30, 2024.

## SEC filing metadata
- accession: 0001758766-24-000170
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000170/0001758766-24-000170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000170/stem-20241001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-24-000170
- JSON: https://secwatch.observer/filing/0001758766-24-000170.json
- Plain text: https://secwatch.observer/filing/0001758766-24-000170.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.