Stem, Inc.
23.10-0.36 (-1.53%)
Oct 29, 4:00:02 PM EDT · NYSE · STEM · USD
Key Stats
Market Cap
193.75MP/E (TTM)
-Basic EPS (TTM)
-28.60Dividend Yield
0%Recent Filings
8-K
8-K
Bylaws quorum lowered to one-third
Stem, Inc. amended its bylaws on October 15, 2025, slashing the quorum for stockholder meetings from a majority to one-third of voting power. This tweak tackles past hurdles from its scattered shareholder base, dodging costly adjournments and management distractions. Quorum woes hit hard before. Yet the change streamlines governance without altering other rules.
8-K
Stem's PowerTrack unification
Stem, Inc. issued a CEO letter on September 9, 2025, marking one year of strategic realignment by unifying its brand and products under the PowerTrack suite. This includes launching PowerTrack EMS on September 2 for hybrid energy solutions, reducing engineering hours by 32% while ensuring 99.99% controller reliability, and rebranding Athena as PowerTrack Optimizer on September 5. The moves consolidate AlsoEnergy and Stem technologies to capture synergies and simplify clean energy operations. Stem will showcase the platform at RE+ 2025 through September 11. Unification accelerates innovation.
10-Q
Q2 FY2025 results
Stem's Q2 revenue climbed 13% year-over-year to $38.4M, fueled by 53% growth in storage software and managed services alongside 20% gains in solar software, while battery hardware resale dipped 30% as the company sharpens its software focus; gross margin expanded to 33% from 28%, reflecting tighter cost controls amid a 4% rise in cost of revenue. Operating loss narrowed sharply to $13.3M from $579.8M, thanks to slashed sales, marketing, R&D, and G&A expenses—down 34%, 35%, and 44% respectively—while the prior year's goodwill impairment vanished. A $220M gain on debt extinguishment from exchanging $350M in convertible notes for senior secured notes due 2030 swung the quarter to net income of $202.5M, though diluted EPS landed at -$1.79 due to anti-dilution effects; cash burned $12.7M in operations year-to-date, leaving $40.8M on hand against $309M total debt. Bookings hit $34.3M, with contracted backlog at $26.8M. Yet customer concentration lingers as a risk.
8-K
Stem's Q2 profit surge
Stem reported Q2 2025 revenue of $38.4 million, up 13% year-over-year, with non-GAAP gross margin expanding to 49% from 40% on stronger software contributions. The company swung to adjusted EBITDA profitability at $3.8 million, fueled by cost cuts including a workforce reduction, while a June debt exchange slashed outstanding debt by $195 million and extended maturities to 2030. Storage AUM grew 42% to 1.7 GWh year-over-year. Stem reaffirms full-year guidance amid tariff headwinds; debt relief bolsters the balance sheet.
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