Stem, Inc. (STEM) Stock Price & Analysis
Stem, Inc. (STEM) closed at USD 3.01 on Friday, October 23, 2026, down 0.33% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 3.01; the Oct 23, 2026 session ranged USD 2.99–3.14 on volume of 124,499 shares. Market capitalization is —, with a 52-week range of USD 2.96–25.18 (NYQ). Source: Nexqual, retrieved October 24, 2026 at 02:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/STEM.md
Key facts (STEM)
- Last four reported quarters (through Jun 30, 2026): revenue $148M, net income -$73.1M (-49.4% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $46K; 6 not under a Rule 10b5-1 plan ($46K); 3 by opportunistic insiders (3 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -87.4% vs S&P 500 +13.4%; 5Y -99.4% vs S&P 500 +76.9%.
- Next earnings: 2026-11-05, EPS estimate USD -1.56, revenue estimate $39.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (STEM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $127M | $363M | $462M | $145M | $156M | $148M |
| Gross profit | $1.2M | $33.1M | $3.7M | -$11.1M | $60.0M | — |
| Operating income | -$83.1M | -$131M | -$179M | -$839M | -$55.7M | -$43.1M |
| Net income | -$101M | -$124M | -$140M | -$854M | $138M | -$73.1M |
| EPS (diluted) | -$19.20 | -$16.20 | -$18.05 | -$105.80 | -$9.18 | — |
| Gross margin | 1.0% | 9.1% | 0.8% | -7.6% | 38.4% | — |
| Operating margin | -65.2% | -36.1% | -38.9% | -580.6% | -35.6% | -29.1% |
| Net margin | -79.5% | -34.2% | -30.4% | -590.7% | 88.2% | -49.4% |
| Revenue growth | +250.8% | +185.0% | +27.1% | -68.7% | +8.1% | — |
| Cash + short-term investments | $921M | $250M | $114M | $56.3M | — | — |
| Total debt | $317M | $448M | $524M | $526M | $184M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (STEM)
P/E at fiscal year-ends: Dec 2025 0.9x.
Insider sales (SEC Form 4, open-market, last ~7 months) (STEM)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-29 | Carlson Michael James | President, Managed Services | 146 | $1K | 0.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-20 | Musfeldt Brian | Chief Financial Officer | 996 | $6K | 29.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-02 | Laureles Saul R. | Chief Legal Officer | 675 | $5K | 1.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-02 | Tappin Matthew | President, Software Products | 996 | $8K | 9.4% | No | Too little history (no open-market trades in 2023) |
| 2026-07-02 | Carlson Michael James | President, Managed Services | 1,347 | $11K | 5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-02 | Narayanan Arun | Chief Executive Officer | 1,996 | $16K | 9.5% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (STEM)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | BMO Capital | Target lowered | Market Perform | $8 → $5 |
| 2026-10-14 | Susquehanna | Target lowered | Neutral | $7.5 → $4.5 |
| 2026-09-25 | UBS | Upgrade | Neutral → Buy | $7 |
| 2026-08-14 | UBS | Target lowered | Neutral | $10.5 → $7 |
| 2026-07-27 | Barclays | Target lowered | Equal-Weight | $18 → $8 |
| 2026-07-10 | Susquehanna | Target lowered | Neutral | $10 → $7.5 |
Total return (dividends reinvested) (STEM)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -87.4% | -99.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -87.5% | -63.7% |
| Volatility (annualized) | 91.5% | 104.6% |
| Max drawdown | -87.4% (Oct 2025→Oct 2026) | -99.4% (Nov 2021→Oct 2026) |
STEM revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subtotal | $27.5M | 81.6% | +14.8% |
| — Edge hardware (part of Subtotal) | $14.8M | 43.8% | +22.0% |
| — PowerTrack software (part of Subtotal) | $10.5M | 31.3% | +10.7% |
| — Project and professional services & other (part of Subtotal) | $2.2M | 6.5% | -6.4% |
| Services and other revenue | $18.6M | 55.3% | -10.7% |
| Hardware revenue | $15.0M | 44.7% | -14.2% |
| Managed services | $5.9M | 17.5% | -34.5% |
| Battery hardware resale | $286,000 | 0.8% | -94.7% |
| Total revenue | $33.7M | 100% | — |
STEM revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $32.3M | 95.9% | -11.4% |
| Rest of the world | $1.4M | 4.1% | -28.7% |
| Total revenue | $33.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
STEM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Amazon (AMZN) | “Our commercial agreement with AWS will remain in effect until terminated by AWS or us.” |
Quoted from the company's 10-K filed Mar 5, 2026.
Companies that name STEM in their SEC reports
| Relationship to STEM | Company | Filing | Sentence |
|---|---|---|---|
| customer | SES AI Corp (SES) | 10-K Mar 4, 2026 | “Existing suppliers of ESS products include FREYR Battery, Microvast Holdings, Electrovaya, Stem Inc., and Fluence Energy.” |
STEM customer concentration
In the period ended Jun 30, 2025, a single direct customer accounted for 14% of revenue, per the company's 10-Q filed Aug 13, 2026. The company does not name it.
STEM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-1.56 | $-1.70 | -8.4% | $39.2M | 2 |
| Next quarter (ends Dec 2026) | $-1.32 | $-1.45 | -8.4% | $45.5M | 2 |
| Current fiscal year (ends Dec 2026) | $-6.37 | $-7.02 | -9.3% | $147.4M | 2 |
| Next fiscal year (ends Dec 2027) | $-5.78 | $-5.81 | -0.5% | $170.9M | 2 |
Key Statistics (as of October 24, 2026 at 02:21 UTC)
| Price | USD 3.01 |
|---|---|
| Change | ▼ 0.33% (down) |
| Previous Close | USD 3.01 |
| Open | USD 3.01 |
| Day Range | USD 2.99 – 3.14 |
| 52-Week Range | USD 2.96 – 25.18 |
| Volume | 124,499 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (STEM)
Nexqual's technical model rates STEM "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 02:21 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 26.12 (oversold) |
| vs SMA50 | Below (USD 4.69) |
| MACD | -0.43 (negative) |
Earnings (STEM)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -1.56 |
| Revenue Estimate | $39.16M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.41 vs est -1.88 ▲ beat |
| 2026-03-31 | USD -1.88 vs est -2.22 ▲ beat |
| 2025-12-31 | USD -2.11 vs est -1.96 ▼ miss |
| 2025-09-30 | USD -1.93 vs est -1.94 ▲ beat |
Source: Nexqual, October 24, 2026 at 02:21 UTC.
Financials & Fundamentals (STEM)
| Total Revenue | $148.03M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -12.30% |
| Gross Margin | +41.94% |
| Operating Margin | -24.12% |
| Profit Margin | -49.37% |
| Current Ratio | 0.83 |
| Total Cash | $38.41M |
| Total Debt | $366.45M |
Source: Nexqual, October 24, 2026 at 02:21 UTC.
Ownership (STEM)
| Insider Ownership | +2.32% |
|---|---|
| Institutional Ownership | +25.42% |
| Shares Outstanding | 9.63M |
| Float | 9.27M |
| Short % of Float | +12.43% |
Source: Nexqual, October 24, 2026 at 02:21 UTC.
From Stem, Inc.'s Latest SEC 10-K Filing (filed 2026-03-05)
Key Strengths & Strategy (as disclosed to the SEC)
- We have developed a significant patent portfolio to protect elements of our proprietary technology.
- We rely upon a combination of patent, copyright, trade secret and trademark laws, as well as employee and third-party non-disclosure agreements and other contractual restrictions to establish and protect our proprietary rights.
- Our intellectual property encompasses a diverse mix of patents with respect to our proprietary systems and software.
- Our integrated software suite, PowerTrack™, provides asset monitoring and optimization software and solutions, supported by professional and managed services, under one consolidated set of solutions.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business could be adversely affected by trade tariffs or other trade barriers.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NRGV | Energy Vault Holdings, Inc. | USD 2.55 | ▼ 1.54% |
| XIFR | XPLR Infrastructure, LP | USD 9.47 | ▼ 3.76% |
| FLNC | Fluence Energy, Inc. | USD 5.59 | ▼ 1.93% |
| FRVO | Fervo Energy Company | USD 8.04 | ▼ 2.55% |
| RNW | ReNew Energy Global plc | USD 6.88 | ▼ 0% |
| MWH | SOLV Energy, Inc. | USD 21.38 | ▼ 0.72% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 02:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt