Stem (STEM)
Operates PowerTrack software and services for clean-energy assets.
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Sells PowerTrack software, edge hardware, project and professional services, and managed services for solar, storage, and hybrid assets. Revenue is predominantly tied to U.S. customer locations, while operations expanded internationally through the AlsoEnergy acquisition.
Combines PowerTrack Software, Energy Management System, SCADA, Power Plant Controller, Logger, and Optimizer offerings for solar, storage, and hybrid assets. Project and professional services, managed services, edge hardware, and selective battery-hardware resale complement the software suite.
Built from Athena's storage optimization and AlsoEnergy's solar monitoring and control, the portfolio helps asset owners and operators develop, deploy, and operate clean-energy assets. Software is hardware-agnostic, and edge hardware is OEM-agnostic.
Revenue is predominantly associated with U.S. customer locations, although operations expanded internationally through AlsoEnergy. Battery hardware is procured only when it meets profitability, working-capital, and software or edge-device conditions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 17, 2026 | Roth Capital | Reiterate | Rating: —Target: $11 | Target: $6.75 |
| Aug 14, 2026 | UBS | Reiterate | Rating: —Target: $10.50 | Target: $7 |
| Jul 27, 2026 | New Street | Target | Target: — | Target: $8 |
| Jul 27, 2026 | Barclays | Reiterate | Rating: —Target: $18 | Target: $8 |
| Jul 10, 2026 | Susquehanna | Reiterate | Rating: —Target: $10 | Target: $7.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $38.4M · Total debt $366.5M · Total assets $279.8M · Shareholders' equity −$270.0M
- Revenue
- $33.7M
- Operating income
- −$7.7M
- Net income
- −$14.4M
No dividends on record.
| Institutions | 22.89% | 2.20M shares | |
|---|---|---|---|
| 77 holders · as of Jun 30, 2026 | |||
| Insiders | 2.50% | 240.9K shares | |
| 14 holders · as of Aug 11, 2026 | |||
| Other | 74.61% | 7.18M shares | |
| remainder | |||
9.63M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Marshall Wace, LLPInstitution | 4.21% | 405,608 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.75% | 361,249 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.71% | 164,477 | as of Jun 30, 2026 |
Trexquant Investment LPInstitution | 1.15% | 110,640 | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 1.07% | 103,234 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 20, 2026 | Brian Musfeldt | officer: Chief Financial Officer | −996 | $6.11 |
| Jul 2, 2026 | Arun Narayanan | officer: Chief Executive Officer | −1,996 | $7.85 |
| Jul 2, 2026 | Michael James Carlson | officer: President, Managed Services | −1,347 | $7.85 |
| Jul 2, 2026 | Matthew Tappin | officer: President, Software Products | −996 | $7.85 |
| Jul 2, 2026 | Saul R. Laureles | officer: Chief Legal Officer | −675 | $7.85 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Stem | $4.14 | −5.26% | $39.1M | — | — | 0.3 | −12.2% |
| Fluence Energy | $7.24 | −2.03% | $1.36B | — | — | 0.5 | +7.9% |
| Tesla | $379.74 | +1.18% | $1.48T | 347.5 | 184.3 | 14.3 | +25.5% |
| SolarEdge Technologies | $35.92 | +0.87% | $2.17B | — | 129.4 | 1.6 | +19.6% |
| Enphase Energy | $34.55 | −0.60% | $4.59B | 34.8 | 17.7 | 3.5 | −19.6% |
| Median | 191.1 | 129.4 | 2.5 | +13.7% |