Acquisition StrategySES continues its transition to 'AI first' and its search for application of its software by entering the energy stationary storage (ESS) market by acquiring UZ Energy.
Financial PerformanceSES reported $5.8 million in revenue, almost triple expectations, with the full-year guide of $15 million to $20 million maintained.
Stock RepurchaseThe board approved a $30 million share repurchase program, signaling management's belief that the company is undervalued and aiming to bolster the stock price.