Stem Announces Review of Strategic Alternatives to Maximize Shareholder Value
Stem's Board initiated a formal review of strategic alternatives to maximize shareholder value, considering options including a sale of the company, merger, asset sales, refinancing, or recapitalization. Guggenheim Securities is acting as financial advisor, with Gibson Dunn and Davis Polk as legal advisors. No timetable has been set and there is no assurance the review will result in any transaction. CEO Arun Narayanan emphasized business continuity, noting more than 38 GW of solar and 1.8 GWh of storage rely on the PowerTrack platform.
Key figures
- Solar under management
- 38 gigawatts
- Storage under management
- 1.8 gigawatt hours
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