Stem, Inc. (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced it has acquired the software assets of raicoon GmbH, a Vienna-based provider of automated fault detection and event management for solar asset performance.
The acquisition is expected to enhance Stem’s PowerTrack™ platform by improving how operational data is analyzed and translated into action, helping customers identify, prioritize, and resolve performance issues more quickly across their renewable energy portfolios.
“Customers are looking for clearer, more actionable insights from their energy assets, not more noise,” said Matt Tappin, President of Software at Stem.
“This acquisition further strengthens PowerTrack by enhancing our ability to automatically surface and prioritize the issues that matter most, helping operators resolve performance problems faster and act with greater confidence.”
The acquisition directly underscores Stem’s 2026 strategic priority of strengthening its core businesses and driving deeper customer value within PowerTrack. Raicoon’s technology analyzes large volumes of asset-level data to detect performance anomalies and surface actionable insights.
Once integrated, according to this morning’s news release, these capabilities will streamline operational workflows, reduce time to resolution, and improve overall asset performance. The solution is already deployed across solar portfolios in Europe, supporting operators through automated fault detection and workflow management.
STEM shares shed 29 cents, or 2.6%, to $11.00.
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