05:49 AM EST, 01/14/2025 (MT Newswires) -- Stem (STEM) said Tuesday its software will be used to manage the commercial operation of a 484-megawatt solar portfolio owned by Neovolt in Hungary, under a five-year agreement.

Financial terms were not disclosed.

Stem's PowerTrack Web asset performance management tool will monitor, optimize, and control eight utility-scale sites in the country, Stem added.

The company's shares were up 9% in recent premarket activity.