Stem, Inc. operates internationally as a prominent provider of intelligent, digitally interconnected energy storage networks. The company delivers energy storage systems, which ...
Stem, Inc. is a prominent provider of intelligent, digitally interconnected energy storage networks, operating internationally. The company delivers energy storage systems sourced from OEMs, but its core differentiator is the Athena platform, a proprietary AI solution that integrates battery hardware with software-enabled services to optimize energy storage operations. Stem's offerings include system design and engineering, supply chain management, value stream maximization, warranty and maintenance programs, operational reporting, and assistance with program enrollment and incentives. Clients include commercial and industrial businesses, independent power producers, renewable energy developers, utilities, and grid operators. Founded in 2009 and headquartered in Houston, Texas, Stem went public in 2020. The company has 423 employees and is led by CEO Arun Narayanan. Financially, Stem has a market cap of about $52.8 million, with a stock price of $5.89. The company's financial metrics show a challenging period: negative return on equity, negative operating cash flow, and a high debt-to-equity ratio. However, it maintains a gross profit margin of 36.3% and an EBITDA margin of 143.7%. Stem's future is focused on expanding its AI-driven services, such as the recently launched AIONA, to meet growing market demand for clean energy optimization technology.
Sungrow Power Supply Co., Ltd.SZSE:300274Powin Energy Corporation (now assets held by FlexGen Power Systems)Nuvation EnergyAccuenergyWerner Electric Supply (now part of Van Meter Inc.)Samsung SDI Co., Ltd.KRX:006400EVE Energy Co., Ltd.SZSE:300014Contemporary Amperex Technology Co., Ltd. (CATL)SZSE:300750
