Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why STEM Shares Are Nosediving

Stem Inc (NYSE: STEM) shares are trading lower by 16.12% to $5.23 Wednesday morning after the company announced a proposed $175 million green convertible senior notes offering. What Else?
byHenry Khederian
March 29, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

Stem Inc (NYSE:STEM) shares are trading lower by 16.12% to $5.23 Wednesday morning after the company announced a proposed $175 million green convertible senior notes offering.

What Else?

Stem says the company intends to allocate an amount of funds equivalent to the net proceeds of the offering towards Eligible Green Expenditures.

These may include investments related to creating a more resilient clean energy system, optimized software capabilities for energy systems and reducing waste through operations, including research, development, acquisitions, capital expenditures and operational expenses.

See Also: What’s Going On With Micron Shares Today?

According to data from Benzinga Pro, Stem Inc has a 52-week high of $18.02 and a 52-week low of $4.67.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Prgoress Sees FY23 Non-GAAP Revenue $675M-$685M Vs $630.23M Est; FY23 Non-GAAP EPS $4.09-$4.17 Vs $4.35 Est; Sees Q1 2023 Non-GAAP Revenue $157M-$161M Vs $151.71M; Q1 2023 Non-GAAP EPS $1.04-$1.08 Vs $1.05 Est

By Benzinga Newsdesk
January 17, 5:20 PM
2023 Business Outlook Progress provides the following guidance for the fiscal year ending November 30, 2023 and the fiscal first quarter ending February 28, 2023, together with actual results for the same periods in the fiscal year ending November 30, 2022:

PRGS