Stem, Inc. operates as a software and services provider focused on artificial intelligence applications within the clean energy sector. The company develops AI-driven platforms that enable customers to plan, deploy, and operate energy storage systems and renewable energy assets. Its software integrates edge hardware devices to optimize energy asset performance across the United States and international markets.
The company serves a diverse customer base spanning energy traders, independent power producers, utilities, renewable project developers, and grid operators. Revenue streams derive from OEM energy storage systems sales and software and edge hardware device services. Stem targets both utility-scale and distributed energy resource applications, positioning itself between project developers and grid infrastructure operators.
With 569 full-time employees and headquarters in San Francisco, California, Stem operates at a smaller scale relative to traditional utilities. The company is listed on the NYSE with a market capitalization of approximately $0.1 billion, reflecting its role as a specialized software and services provider rather than a conventional utility operator. Its business model centers on software licensing and systems integration rather than energy generation or distribution infrastructure ownership.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-5.29 | $-5.29 | -487.8% | |
| 2023 | $-0.90 | $-0.90 | -11.1% | |
| 2022 | $-0.81 | $-0.81 | +15.6% | |
| 2021 | $-0.96 | $-0.96 | — | |
| 2020 | — | — | — |