Exhibit 99 Stem Announces Fourth Quarter and Full Year 2023 Results Achieved Key Milestone with Positive Adjusted EBITDA in Q4 and 2H23 Expect to Generate at Least 50millionofOperatingCashFlowin2024AwardedPowerBidderTMProContractbyMercuriaEnergyTradingOutlook•ExpecttoachievepositiveadjustedEBITDAofbetween5 million and 20millionin20241•Projectatleast50 million in operating cash flow generation for the full year 2024 with no equity issuance Fourth Quarter and Full Year 20 ...