Stem (STEM) Stock Overview
Engages in the development, deployment, and operation of clean energy assets in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
+ 2 more risks
STEM Community Fair Values
Create NarrativeSee what 74 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Capital Goods opportunity
CE
Fair Value from
CA$5.2513.3% undervalued intrinsic discount
When GPS fails: this small cap is fixing a $54B drone problem
Key Points: Sparc AI (CSE:SPAI) is tackling a growing global problem: drones and aircraft failing when GPS is jammed or spoofed, a problem already driving massive government losses globally. Its Overwatch platform is a software solution to the hardware problem, using AI and existing sensors making it highly scalable across fleets.
Read full narrativeStem, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.16 |
| 52 Week High | US$32.23 |
| 52 Week Low | US$5.93 |
| Beta | 1.52 |
| 1 Month Change | -2.76% |
| 3 Month Change | -22.64% |
| 1 Year Change | -21.96% |
| 3 Year Change | -89.84% |
| 5 Year Change | -97.65% |
| Change since IPO | -95.28% |
Recent News & Updates
Analysis Article • May 05
Should You Investigate Stem, Inc. (NYSE:STEM) At US$10.13?
Stem, Inc. ( NYSE:STEM ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Narrative Update • May 01
STEM: Software And Services Execution Will Shape Margins At Fair Value
Narrative Update Analysts have cut Stem's fair value estimate from $17.00 to $10.00, pointing to recent price target reductions and the view that updated revenue growth and margin assumptions, along with a lower future P/E of about 4.19 that reflects potential in higher margin software and services, still require clearer evidence of durable earnings acceleration before a higher valuation can be assigned. Analyst Commentary Recent Street research reflects a more cautious tone around Stem, with several bearish analysts trimming price targets and emphasizing the need for clearer follow through on growth and profitability before assigning higher valuations.
Narrative Update • Apr 17
STEM: Services And Software Margins Will Support Future Earnings Despite Execution Risks
Analysts have reduced Stem's fair value estimate to $14.50 from $16.33 after a series of price target cuts around $12. This change reflects updated views on future P/E assumptions and the quality of recent earnings drivers.Recent updates
Analysis Article • May 05
Should You Investigate Stem, Inc. (NYSE:STEM) At US$10.13?
Stem, Inc. ( NYSE:STEM ), might not be a large cap stock, but it received a lot of attention from a substantial price...Narrative Update • May 01
STEM: Software And Services Execution Will Shape Margins At Fair Value
Narrative Update Analysts have cut Stem's fair value estimate from $17.00 to $10.00, pointing to recent price target reductions and the view that updated revenue growth and margin assumptions, along with a lower future P/E of about 4.19 that reflects potential in higher margin software and services, still require clearer evidence of durable earnings acceleration before a higher valuation can be assigned. Analyst Commentary Recent Street research reflects a more cautious tone around Stem, with several bearish analysts trimming price targets and emphasizing the need for clearer follow through on growth and profitability before assigning higher valuations.Narrative Update • Apr 17
STEM: Services And Software Margins Will Support Future Earnings Despite Execution Risks
Analysts have reduced Stem's fair value estimate to $14.50 from $16.33 after a series of price target cuts around $12. This change reflects updated views on future P/E assumptions and the quality of recent earnings drivers.Narrative Update • Apr 02
STEM: Software And Services Margins Will Support Future Earnings Power
Analysts have trimmed their fair value estimate for Stem from $19.17 to $16.33. This reflects lower Street price targets around $12, alongside expectations for stronger revenue growth, slightly softer margins, and a reduced future P/E multiple.
Narrative Update • Mar 19
STEM: Software Margin Focus And 2026 EBITDA Guidance Will Support Earnings
Narrative Update on Stem The updated analyst price target for Stem has shifted from $23.00 to $21.00 as analysts factor in lower external price targets around $12, slightly adjusted discount rate assumptions, and a mix of stronger expected revenue growth with more conservative profit margin and future P/E inputs. Analyst Commentary Recent Street research on Stem has centered on aligning price targets with updated expectations for growth, profitability and execution, while remaining balanced on risk and reward.Seeking Alpha • Mar 10
Stem: AI-Led Energy Demand Boom Is Generating Hyper Growth For Storage
Summary Stem has seen its multiple to annual recurring revenue dip to 1.64x on the back of a sustained pullback in its common shares. The company saw its GAAP and non-GAAP gross profit margins at 49% and 45%, respectively. Fiscal 2025 was the first year STEM's non-hardware revenue constituted the majority of its sales. Read the full article on Seeking AlphaNarrative Update • Mar 04
STEM: Software Shift And New Storage Portfolio Will Support Earnings
Analysts have maintained their $19.17 price target on Stem, incorporating slightly lower assumptions for revenue growth and profit margins along with a modestly adjusted discount rate. Together, these changes reflect a more tempered yet still constructive view of the company’s earnings potential and valuation metrics, including forward P/E.Narrative Update • Feb 18
STEM: Software And Legal Reset Will Support Margins At Attractive Value
Analysts have adjusted their price target on Stem to $17.00, reflecting updated assumptions for revenue contraction, profit margins, discount rate and future P/E that they see as better aligned with the company’s current risk and earnings profile. What's in the News On December 17, 2025, the U.S. District Court for the Northern District of California dismissed with prejudice all claims in the putative securities class action against Stem, Inc.Narrative Update • Feb 04
STEM: Software Shift And Legal Resolution Will Guide Margins At Fair Value
Analysts kept their fair value estimate for Stem unchanged at US$17.00, citing revisions to revenue growth expectations, profit margin outlook, and assumed future P/E, which they see as balancing each other out at the current price target level. What's in the News On December 17, 2025, the United States District Court for the Northern District of California dismissed with prejudice all claims in the putative securities class action In re Stem, Inc.Narrative Update • Jan 21
STEM: Software Shift And Tighter Guidance Will Support Higher Margin Earnings
Analysts have nudged their price expectations for Stem higher, with recent Street targets moving from a range of about $13 to $16 up to $18, citing a quicker shift toward a lower revenue but higher margin software and services mix and steadier software driven results. Analyst Commentary Bullish analysts are pointing to Stem's move toward a software and services heavy model as a key driver behind the recent reset in price targets toward US$18.Analysis Article • Jan 17
There's No Escaping Stem, Inc.'s (NYSE:STEM) Muted Revenues Despite A 29% Share Price Rise
Stem, Inc. ( NYSE:STEM ) shareholders are no doubt pleased to see that the share price has bounced 29% in the last...Narrative Update • Jan 07
STEM: Software And Services Shift Will Support Higher Margin Earnings Quality
Analysts have lifted their fair value estimate for Stem from $17.00 to $23.00, pointing to a quicker shift toward higher margin software and services, as well as tighter guidance supported by stronger software revenue, as key reasons for the higher target. Analyst Commentary Recent research indicates that bullish analysts are responding to Stem's push toward a higher margin software and services mix with higher price targets and a more constructive tone on execution.Narrative Update • Dec 23
STEM: Software Transition Will Shape Margins And Reprice Litigation Overhang
Analysts lifted their price target on Stem from $8 to $17 per share, citing a faster than expected shift toward higher margin software and services and stronger, less volatile revenue as key drivers of the higher valuation multiple and improved long term profit outlook, despite modestly lower growth assumptions. Analyst Commentary While recent target increases reflect improving confidence in Stem's software led strategy, several bearish analysts remain cautious on the durability of growth and the sustainability of the current valuation.Narrative Update • Dec 09
STEM: Software Shift Will Support More Stable Earnings With Balanced Risk
Analysts have modestly raised their price target on Stem, highlighting a faster shift toward a lower revenue, higher margin software and services model, along with stronger and less volatile software-driven results, as key drivers of the valuation uplift to around $18 per share. Analyst Commentary Analysts acknowledge that the valuation uplift to $18 per share reflects both improved execution and a clearer path to scaling Stem's software and services business.Narrative Update • Nov 25
STEM: Shift To Software And Services Will Improve Future Earnings Consistency
Analysts have raised their price target on Stem to $18, up from previous targets as much as $13. They cite the company’s shift toward high-margin software and services as well as improved revenue consistency.Narrative Update • Nov 11
STEM: Profitability Will Improve Amid Shift Toward Software Revenue Model
Analysts have raised their price target for Stem by approximately $2.50. They are now projecting stronger profitability and a successful shift toward higher-margin software and services revenue.Analysis Article • Nov 06
Why Stem's (NYSE:STEM) Healthy Earnings Aren’t As Good As They Seem
Stem, Inc.'s ( NYSE:STEM ) solid earnings report last week was underwhelming to investors. We think that they may be...Narrative Update • Oct 28
Financial Restructuring And Market Expansion Will Shape Near-Term Outlook
Analysts have raised their fair value estimate for Stem from $14.67 to $16.67 per share, citing stronger projected revenue growth and improved margins following the company's recent solid results and financial restructuring. Analyst Commentary Recent equity research on Stem reflects a mix of both optimism and caution in response to the company’s financial performance and strategic moves.Narrative Update • Oct 13
New International Markets And Policy Risks Will Shape Future Trends
Analysts have raised their price target for Stem from $13.17 to $14.67, citing solid software growth, improving margins, and stronger liquidity as a result of recent company actions. Analyst Commentary Recent research updates provide a balanced view of Stem's prospects, reflecting both optimism and lingering caution.Analysis Article • Sep 25
Stem, Inc. (NYSE:STEM) Stock Catapults 34% Though Its Price And Business Still Lag The Industry
Stem, Inc. ( NYSE:STEM ) shares have continued their recent momentum with a 34% gain in the last month alone. The...Narrative Update • Aug 15
New International Markets And Policy Risks Will Shape Future Trends
Analysts maintain a neutral outlook on Stem as a 20-1 reverse stock split drove a nominally higher price target, but ongoing concerns about long-term financial sustainability temper otherwise positive developments in software growth, margins, and liquidity, leaving fair value unchanged at $11.93. Analyst Commentary Significant increase in price target reflects the company's 20-1 reverse stock split.Analysis Article • Jul 19
Stem, Inc.'s (NYSE:STEM) Shares Bounce 55% But Its Business Still Trails The Industry
Stem, Inc. ( NYSE:STEM ) shares have continued their recent momentum with a 55% gain in the last month alone...
New Narrative • Apr 06
PowerTrack Expansion And AI Integration Will Transform Operations
Expanding PowerTrack in untapped markets, like Hungary, boosts potential revenue, while AI integration enhances software offerings and operational efficiency.Analysis Article • Feb 23
Slammed 28% Stem, Inc. (NYSE:STEM) Screens Well Here But There Might Be A Catch
Stem, Inc. ( NYSE:STEM ) shares have retraced a considerable 28% in the last month, reversing a fair amount of their...Analysis Article • Jan 07
The Market Lifts Stem, Inc. (NYSE:STEM) Shares 203% But It Can Do More
Stem, Inc. ( NYSE:STEM ) shareholders have had their patience rewarded with a 203% share price jump in the last month...Analysis Article • Nov 13
Investors Give Stem, Inc. (NYSE:STEM) Shares A 28% Hiding
Stem, Inc. ( NYSE:STEM ) shareholders that were waiting for something to happen have been dealt a blow with a 28% share...Analysis Article • Nov 04
Stem, Inc. (NYSE:STEM) Analysts Just Slashed Next Year's Estimates
One thing we could say about the analysts on Stem, Inc. ( NYSE:STEM ) - they aren't optimistic, having just made a...Analysis Article • Nov 01
Is It Time To Consider Buying Stem, Inc. (NYSE:STEM)?
While Stem, Inc. ( NYSE:STEM ) might not have the largest market cap around , it saw a significant share price rise of...Analysis Article • Sep 23
It's Down 53% But Stem, Inc. (NYSE:STEM) Could Be Riskier Than It Looks
To the annoyance of some shareholders, Stem, Inc. ( NYSE:STEM ) shares are down a considerable 53% in the last month...Analysis Article • Sep 06
Is Stem, Inc. (NYSE:STEM) Worth US$0.5 Based On Its Intrinsic Value?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Stem fair value estimate is US$0.34 Current share price of...Analysis Article • Aug 09
Little Excitement Around Stem, Inc.'s (NYSE:STEM) Revenues As Shares Take 51% Pounding
The Stem, Inc. ( NYSE:STEM ) share price has fared very poorly over the last month, falling by a substantial 51%. For...Seeking Alpha • Jul 19
Stem: Blurry Outlook And Weak Fundamentals, Sell
Summary Stem, Inc. (STEM) shows weakening fundamentals despite turnaround efforts, with stock down 38% since previous coverage. Technical analysis indicates a bearish trend with the stock breaking below the support zone, negative indicators, and declining trading volume. The company's profitability worsens, debt remains high, and the future outlook is bleak with consistent downward revisions and insider selling. Read the full article on Seeking AlphaAnalysis Article • May 23
Stem, Inc.'s (NYSE:STEM) CEO Compensation Is Looking A Bit Stretched At The Moment
Key Insights Stem to hold its Annual General Meeting on 29th of May CEO John Carrington's total compensation includes...Shareholder Returns
| STEM | US Electrical | US Market | |
|---|---|---|---|
| 7D | -9.6% | -0.4% | 2.2% |
| 1Y | -22.0% | 102.6% | 31.1% |
Return vs Industry: STEM underperformed the US Electrical industry which returned 102.6% over the past year.
Return vs Market: STEM underperformed the US Market which returned 31.1% over the past year.
Price Volatility
| STEM volatility | |
|---|---|
| STEM Average Weekly Movement | 13.1% |
| Electrical Industry Average Movement | 11.5% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: STEM's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: STEM's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 423 | Arun Narayanan | www.stem.com |
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.
Stem, Inc. Fundamentals Summary
| STEM fundamental statistics | |
|---|---|
| Market cap | US$78.48m |
| Earnings (TTM) | US$143.84m |
| Revenue (TTM) | US$152.75m |
0.5x
P/E Ratio0.5x
P/S RatioIs STEM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| STEM income statement (TTM) | |
|---|---|
| Revenue | US$152.75m |
| Cost of Revenue | US$90.46m |
| Gross Profit | US$62.30m |
| Other Expenses | -US$81.54m |
| Earnings | US$143.84m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 16.79 |
| Gross Margin | 40.78% |
| Net Profit Margin | 94.16% |
| Debt/Equity Ratio | -134.6% |
How did STEM perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 12:08 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Stem, Inc. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christine Cho | Barclays |
| Ameet Thakkar | BMO Capital Markets Equity Research |
| Moses Sutton | BNP Paribas |