Symbols / STEM $9.21 +7.28% Stem, Inc.

Utilities • Utilities - Renewable • United States • NYQ
STEM Chart
About

Stem, Inc. engages in the development, deployment, and operation of clean energy assets in the United States and internationally. The company offers OEM energy storage systems, and edge hardware devices and solutions. It also provides PowerTrack, an integrated suite of software and solutions for solar, storage, and hybrid assets, including software, energy management system, supervisory control and data acquisition, power plant controller, logger, and optimizer. In addition, the company offers energy optimization software, asset management software, and advisory services; managed services, including the design, procurement, commissioning, operation, and optimization of energy storage and hybrid systems; and professional services to support solar and storage projects, as well as the sale of project assets. It serves developers, asset owners, engineering, procurement and construction firms, distributors, commercial and industrial customers, utilities, and independent power producers. Stem, Inc. was incorporated in 2009 and is headquartered in Houston, Texas.

Fundamentals
Scroll to Statements
Sector Utilities Industry Utilities - Renewable Market Cap 78.42M
Enterprise Value 393.87M Income 137.76M Sales 156.27M
Book/sh -29.38 Cash/sh 5.74 Dividend Yield —
Payout 0.00% Employees 423 IPO —
P/E — Forward P/E -1.58 PEG —
P/S 0.50 P/B -0.31 P/C —
EV/EBITDA -39.27 EV/Sales 2.52 Quick Ratio 0.79
Current Ratio 0.91 Debt/Eq — LT Debt/Eq —
EPS (ttm) -9.18 EPS next Y -5.83 EPS Growth —
Revenue Growth -15.60% Earnings 2026-04-29 ROA -7.04%
ROE — ROIC — Gross Margin 39.66%
Oper. Margin 8.31% Profit Margin 88.16% Shs Outstand 8.52M
Shs Float 8.25M Short Float 13.08% Short Ratio 5.65
Short Interest — 52W High 32.23 52W Low 5.82
Beta 1.41 Avg Volume 215.77K Volume 16.93K
Target Price $16.33 Recom None Prev Close $8.58
Price $9.21 Change 7.28%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$16.33
Mean price target
2. Current target
$9.17
Latest analyst target
3. DCF / Fair value
$44.33
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.17
Low
$12.00
High
$21.00
Mean
$16.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-10 main UBS Neutral → Neutral $12
2025-10-31 main Barclays Equal-Weight → Equal-Weight $18
2025-10-31 main UBS Neutral → Neutral $18
2025-10-13 main Susquehanna Neutral → Neutral $21
2025-08-22 main UBS Neutral → Neutral $16
2025-08-12 main Barclays Equal-Weight → Equal-Weight $13
2025-05-01 main Susquehanna Neutral → Neutral $1
2025-04-14 down UBS Buy → Neutral —
2025-03-07 main UBS Buy → Buy $1
2025-03-05 main Roth MKM Neutral → Neutral $0
2025-03-05 main BMO Capital Market Perform → Market Perform $0
2024-11-22 main Piper Sandler Neutral → Neutral $0
2024-11-08 main UBS Buy → Buy $1
2024-11-01 main Goldman Sachs Neutral → Neutral $1
2024-10-18 main Barclays Equal-Weight → Equal-Weight $1
2024-10-16 main Susquehanna Neutral → Neutral $1
2024-08-09 down Susquehanna Positive → Neutral $1
2024-08-08 main Goldman Sachs Neutral → Neutral $1
2024-08-08 main UBS Buy → Buy $1
2024-08-07 down TD Cowen Buy → Hold $1
News
RSS: Latest STEM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-11 TAPPIN MATTHEW Officer — 402 $10.83 $4,354
2026-03-10 TAPPIN MATTHEW Officer — 655 $11.12 $7,284
2026-03-10 NARAYANAN ARUN Chief Executive Officer — 5,145 $11.12 $57,212
2026-03-10 LAURELES SAUL R Officer — 942 $11.12 $10,475
2026-03-10 CARLSON MICHAEL JAMES Officer — 2,079 $11.12 $23,118
2026-03-06 LAURELES SAUL R Officer — 2,916 — —
2026-03-06 CARLSON MICHAEL JAMES Officer — 3,541 — —
2026-03-06 TAPPIN MATTHEW Officer — 1,458 — —
2026-03-06 NARAYANAN ARUN Chief Executive Officer — 18,125 — —
2026-03-04 TAPPIN MATTHEW Officer — 485 $9.67 $4,751
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
156.27
+8.08%
144.58
-68.67%
461.51
+27.15%
362.98
Operating Revenue
156.27
+8.08%
144.58
-68.67%
461.51
+27.15%
362.98
Cost Of Revenue
96.31
-38.12%
155.64
-66.01%
457.85
+38.79%
329.89
Reconciled Cost Of Revenue
96.31
-38.12%
155.64
-66.01%
457.85
+38.79%
329.89
Gross Profit
59.96
+642.20%
-11.06
-401.72%
3.67
-88.92%
33.09
Operating Expense
115.64
-34.71%
177.11
-3.21%
182.98
+11.43%
164.21
Research And Development
35.30
-31.17%
51.28
-9.25%
56.51
+47.53%
38.30
Selling General And Administration
80.35
-36.14%
125.83
-0.51%
126.47
+0.45%
125.91
Selling And Marketing Expense
28.72
-23.95%
37.76
-26.76%
51.56
+5.47%
48.88
General And Administrative Expense
51.63
-41.37%
88.07
+17.56%
74.92
-2.74%
77.03
Other Gand A
51.63
-41.37%
88.07
+17.56%
74.92
-2.74%
77.03
Total Expenses
211.95
-36.30%
332.75
-48.07%
640.83
+29.70%
494.10
Operating Income
-55.69
+70.41%
-188.17
-4.94%
-179.31
-36.75%
-131.12
Total Operating Income As Reported
-55.69
+93.37%
-839.46
-368.15%
-179.31
-36.75%
-131.12
EBITDA
207.18
+126.21%
-790.40
-903.96%
-78.73
+5.50%
-83.31
Normalized EBITDA
-9.65
+93.14%
-140.59
-8.05%
-130.12
-56.18%
-83.31
Reconciled Depreciation
44.95
-0.09%
44.99
-2.78%
46.27
+1.85%
45.43
EBIT
162.23
+119.42%
-835.39
-568.30%
-125.00
+2.91%
-128.75
Total Unusual Items
216.82
+133.37%
-649.81
-1364.47%
51.39
0.00
Total Unusual Items Excluding Goodwill
216.82
+133.37%
-649.81
-1364.47%
51.39
0.00
Special Income Charges
220.05
+133.79%
-651.29
-1201.62%
59.12
0.00
Other Special Charges
-220.05
—
-59.12
—
Impairment Of Capital Assets
0.00
-100.00%
547.15
0.00
0.00
Write Off
0.00
-100.00%
104.13
0.00
0.00
Net Income
137.76
+116.13%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Pretax Income
138.30
+116.20%
-853.68
-509.86%
-139.98
-0.55%
-139.22
Net Non Operating Interest Income Expense
-23.93
-30.83%
-18.29
-22.14%
-14.98
-43.07%
-10.47
Interest Expense Non Operating
23.93
+30.83%
18.29
+22.14%
14.98
+43.07%
10.47
Net Interest Income
-23.93
-30.83%
-18.29
-22.14%
-14.98
-43.07%
-10.47
Interest Expense
23.93
+30.83%
18.29
+22.14%
14.98
+43.07%
10.47
Other Income Expense
217.92
+133.67%
-647.22
-1291.69%
54.31
+2187.74%
2.37
Other Non Operating Income Expenses
1.09
-57.80%
2.59
-11.33%
2.92
+23.04%
2.37
Gain On Sale Of Security
-3.22
-318.14%
1.48
+119.10%
-7.73
—
Tax Provision
0.54
+61.45%
0.33
-23.33%
0.43
+102.86%
-15.16
Tax Rate For Calcs
0.00
-98.14%
0.00
+0.00%
0.00
+92.84%
0.00
Tax Effect Of Unusual Items
0.85
+100.62%
-136.46
-1364.47%
10.79
0.00
Net Income Including Noncontrolling Interests
137.76
+116.13%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Net Income From Continuing Operation Net Minority Interest
137.76
+116.13%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Net Income From Continuing And Discontinued Operation
137.76
+116.13%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Net Income Continuous Operations
137.76
+116.13%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Normalized Income
-78.22
+77.04%
-340.66
-88.20%
-181.01
-45.91%
-124.05
Net Income Common Stockholders
137.76
+116.13%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
—
-105.80
-487.78%
-18.00
-11.11%
-16.20
Basic EPS
—
-105.80
-487.78%
-18.00
-11.11%
-16.20
Basic Average Shares
—
8.07
+3.77%
7.78
+1.41%
7.67
Diluted Average Shares
—
8.07
+3.77%
7.78
+1.41%
7.67
Diluted NI Availto Com Stockholders
-77.97
+90.87%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Average Dilution Earnings
-215.74
0.00
0.00
—
Line Item Trend 2023-12-31
Total Assets
1,356.98
Current Assets
472.96
Cash Cash Equivalents And Short Term Investments
113.59
Cash And Cash Equivalents
105.38
Other Short Term Investments
8.22
Receivables
302.92
Accounts Receivable
108.36
Gross Accounts Receivable
113.26
Allowance For Doubtful Accounts Receivable
-4.90
Other Receivables
194.49
Inventory
26.66
Raw Materials
2.96
Work In Process
23.07
Finished Goods
0.63
Prepaid Assets
6.12
Current Deferred Assets
20.55
Other Current Assets
3.11
Total Non Current Assets
884.01
Net PPE
89.49
Gross PPE
160.40
Accumulated Depreciation
-70.92
Properties
—
Other Properties
160.40
Goodwill And Other Intangible Assets
704.35
Goodwill
547.21
Other Intangible Assets
157.15
Investments And Advances
2.09
Other Investments
2.09
Non Current Accounts Receivable
21.18
Non Current Deferred Assets
11.12
Non Current Prepaid Assets
41.58
Other Non Current Assets
14.19
Total Liabilities Net Minority Interest
930.30
Current Liabilities
251.08
Payables And Accrued Expenses
169.55
Payables
78.31
Accounts Payable
78.28
Current Accrued Expenses
91.25
Current Debt And Capital Lease Obligation
2.95
Current Capital Lease Obligation
2.95
Current Deferred Liabilities
54.00
Current Deferred Revenue
54.00
Other Current Liabilities
24.58
Total Non Current Liabilities Net Minority Interest
679.22
Long Term Debt And Capital Lease Obligation
534.09
Long Term Debt
523.63
Long Term Capital Lease Obligation
10.46
Long Term Provisions
4.05
Non Current Deferred Liabilities
88.65
Non Current Deferred Revenue
88.65
Other Non Current Liabilities
52.43
Stockholders Equity
426.20
Common Stock Equity
426.20
Capital Stock
0.02
Common Stock
0.02
Preferred Stock
0.00
Share Issued
7.80
Ordinary Shares Number
7.80
Treasury Shares Number
0.00
Additional Paid In Capital
1,198.72
Retained Earnings
-772.49
Gains Losses Not Affecting Retained Earnings
-0.04
Minority Interest
0.48
Other Equity Adjustments
-0.04
Total Equity Gross Minority Interest
426.68
Total Capitalization
949.83
Working Capital
221.88
Invested Capital
949.83
Total Debt
537.04
Net Debt
418.26
Capital Lease Obligations
13.40
Net Tangible Assets
-278.15
Tangible Book Value
-278.15
Derivative Product Liabilities
—
Duefrom Related Parties Current
0.07
Dueto Related Parties Current
0.03
Interest Payable
2.67
Other Inventories
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
6.86
+118.72%
-36.65
+82.33%
-207.38
-95.58%
-106.03
Cash Flow From Continuing Operating Activities
6.86
+118.72%
-36.65
+82.33%
-207.38
-95.58%
-106.03
Net Income From Continuing Operations
137.76
+116.13%
-854.01
-508.22%
-140.41
-13.19%
-124.05
Depreciation Amortization Depletion
44.95
-0.09%
44.99
-2.78%
46.27
+1.85%
45.43
Depreciation And Amortization
44.95
-0.09%
44.99
-2.78%
46.27
+1.85%
45.43
Other Non Cash Items
4.71
-7.65%
5.09
+5.82%
4.82
+7.60%
4.47
Stock Based Compensation
10.22
-44.69%
18.47
-59.05%
45.11
+57.39%
28.66
Provisionand Write Offof Assets
3.05
-23.43%
3.98
+174.91%
1.45
-59.69%
3.59
Asset Impairment Charge
-8.20
-101.19%
686.57
+14029.92%
4.86
+58.12%
3.07
Deferred Tax
0.00
0.00
+100.00%
-0.34
+97.78%
-15.10
Deferred Income Tax
0.00
0.00
+100.00%
-0.34
+97.78%
-15.10
Operating Gains Losses
-215.98
-14523.09%
-1.48
+97.04%
-49.83
-18153.99%
0.28
Gain Loss On Investment Securities
3.22
+318.14%
-1.48
-115.90%
9.29
—
Gain Loss On Sale Of PPE
0.84
0.00
0.00
-100.00%
0.28
Change In Working Capital
30.37
-49.19%
59.77
+150.84%
-117.55
-124.92%
-52.26
Change In Receivables
17.73
-86.68%
133.06
+264.50%
-80.89
+48.09%
-155.82
Changes In Account Receivables
17.73
-86.68%
133.06
+264.50%
-80.89
+48.09%
-155.82
Change In Inventory
6.33
+128.96%
2.77
+115.12%
-18.29
-198.31%
18.61
Change In Payables And Accrued Expense
-12.40
+81.88%
-68.44
-225.85%
-21.00
-118.19%
115.47
Change In Accrued Expense
7.45
+136.70%
-20.29
-28.75%
-15.76
-125.34%
62.21
Change In Payable
-19.85
+58.77%
-48.15
-818.64%
-5.24
-109.84%
53.26
Change In Account Payable
-19.85
+58.77%
-48.15
-818.64%
-5.24
-109.84%
53.26
Change In Other Working Capital
-1.25
+49.76%
-2.48
-108.57%
28.97
+580.23%
4.26
Change In Other Current Assets
24.16
+1132.26%
-2.34
+90.01%
-23.43
+29.29%
-33.13
Change In Other Current Liabilities
-4.20
-50.20%
-2.79
+4.02%
-2.91
-76.59%
-1.65
Investing Cash Flow
-6.60
-87.72%
-3.52
-102.59%
135.73
+124.93%
-544.37
Cash Flow From Continuing Investing Activities
-6.60
-87.72%
-3.52
-102.59%
135.73
+124.93%
-544.37
Net PPE Purchase And Sale
0.00
+100.00%
-0.49
+88.11%
-4.14
-0.93%
-4.10
Purchase Of PPE
0.00
+100.00%
-0.49
+88.11%
-4.14
-0.93%
-4.10
Capital Expenditure
-6.60
+43.89%
-11.77
+35.47%
-18.24
+12.61%
-20.87
Capital Expenditure Reported
-6.60
+41.45%
-11.28
+20.02%
-14.10
+15.92%
-16.77
Net Investment Purchase And Sale
0.00
-100.00%
8.25
-94.70%
155.72
+1529.95%
9.55
Purchase Of Investment
0.00
0.00
+100.00%
-60.00
+72.81%
-220.64
Sale Of Investment
0.00
-100.00%
8.25
-96.18%
215.73
-6.28%
230.19
Net Business Purchase And Sale
0.00
0.00
+100.00%
-1.85
+99.65%
-533.01
Purchase Of Business
0.00
0.00
+100.00%
-1.85
+99.65%
-533.01
Financing Cash Flow
-7.56
+10.37%
-8.44
-109.35%
90.24
+1073.23%
-9.27
Cash Flow From Continuing Financing Activities
-7.56
+10.37%
-8.44
-109.35%
90.24
+1073.23%
-9.27
Net Issuance Payments Of Debt
4.75
0.00
-100.00%
130.54
0.00
Issuance Of Debt
4.75
0.00
-100.00%
232.40
0.00
Repayment Of Debt
0.00
0.00
+100.00%
-101.86
0.00
Long Term Debt Issuance
4.75
0.00
-100.00%
232.40
0.00
Long Term Debt Payments
0.00
0.00
+100.00%
-101.86
0.00
Net Long Term Debt Issuance
4.75
0.00
-100.00%
130.54
0.00
Proceeds From Stock Option Exercised
0.00
0.00
-100.00%
0.28
-78.37%
1.28
Net Other Financing Charges
-12.32
-45.97%
-8.44
+79.21%
-40.58
-284.74%
-10.55
Changes In Cash
-7.30
+84.97%
-48.60
-361.49%
18.59
+102.82%
-659.67
Effect Of Exchange Rate Changes
-0.08
-137.21%
0.21
+1443.75%
-0.02
+92.08%
-0.20
Beginning Cash Position
58.09
-45.45%
106.47
+21.13%
87.90
-88.24%
747.78
End Cash Position
50.70
-12.71%
58.09
-45.45%
106.47
+21.13%
87.90
Free Cash Flow
0.26
+100.53%
-48.42
+78.54%
-225.61
-77.79%
-126.90
Interest Paid Supplemental Data
—
16.20
+11.04%
14.59
+127.69%
6.41
Income Tax Paid Supplemental Data
—
0.68
+189.36%
0.23
-17.54%
0.28
Amortization Of Securities
0.00
+100.00%
-0.03
+98.35%
-1.75
-1326.83%
-0.12
Dividends Received CFI
0.00
0.00
-100.00%
0.09
+270.00%
-0.05
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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