STEM

Company Overview — What Does STEM, INC. Do?

Stem, Inc. operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems. In addition, it offers system design and engineering services, supply chain management, energy storage value stream optimization, warranty and preventive maintenance plan management, operation and maintenance reporting, and program enrollment and incentive management services. The company serves commercial and industrial enterprises, independent power producers, renewable project developers, and utilities and grid operators. Stem, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. STEM, INC. (STEM) is classified as a micro-cap stock in the Industrials sector, specifically within the Electrical Equipment industry. The company is led by CEO John E. Carrington and employs approximately 660 people. With a market capitalization of $75M, STEM is one of the notable companies in the Industrials sector.

STEM, INC. (STEM) Stock Rating — Avoid (April 2026)

As of April 2026, STEM, INC. receives a Avoid rating with a composite score of 28.4/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.STEM ranks #4,020 out of 4,446 stocks in our coverage universe. Within the Industrials sector, STEM, INC. ranks #693 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

STEM Stock Price and 52-Week Range

STEM, INC. (STEM) currently trades at $9.73. The 52-week high for STEM is $32.23, which means the stock is currently trading -69.8% from its annual peak. The 52-week low is $0.29, putting the stock 3247.1% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is STEM Overvalued or Undervalued? — Valuation Analysis

STEM, INC. (STEM) carries a value factor score of 25/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 13.80x, compared to the Industrials sector average of 28.33x — a discount of 51%. The price-to-sales ratio is 0.54x, compared to 0.50x for the average Industrials stock.

At current multiples, STEM, INC. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

STEM, INC. Profitability — ROE, Margins, and Quality Score

STEM, INC. (STEM) earns a quality factor score of 24/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 18.5%, compared to the Industrials sector average of 8.9%, which is within a healthy range. Return on assets (ROA) comes in at 1.8% versus the sector average of 3.3%.

On a margin basis, STEM, INC. reports gross margins of 30.6%, compared to 35.8% for the sector. The operating margin is -156.6% (sector: 6.2%). Net profit margin stands at -29.4%, versus 3.9% for the average Industrials stock. Revenue growth is running at 12.5% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

STEM Debt, Balance Sheet, and Financial Health

STEM, INC. has a debt-to-equity ratio of -152.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.91x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $356M. Cash and equivalents stand at $43M.

STEM has a beta of 5.93, meaning it is more volatile than the broader market — a $10,000 investment in STEM would be expected to move 493.1% more than the S&P 500 on any given day. The stability factor score for STEM, INC. is 6/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

STEM, INC. Revenue and Earnings History — Quarterly Trend

In TTM 2026, STEM, INC. reported revenue of $138M and earnings per share (EPS) of $16.52. Net income for the quarter was $5M. Gross margin was 30.6%. Operating income came in at $-192M.

In FY 2025, STEM, INC. reported revenue of $156M and earnings per share (EPS) of $16.52. Net income for the quarter was $138M. Gross margin was 38.4%. Revenue grew 8.1% year-over-year compared to FY 2024. Operating income came in at $-56M.

In Q3 2025, STEM, INC. reported revenue of $38M and earnings per share (EPS) of $-2.84. Net income for the quarter was $-24M. Gross margin was 35.5%. Revenue grew 30.5% year-over-year compared to Q3 2024. Operating income came in at $-13M.

In Q2 2025, STEM, INC. reported revenue of $38M and earnings per share (EPS) of $24.31. Net income for the quarter was $203M. Gross margin was 33.4%. Revenue grew 12.9% year-over-year compared to Q2 2024. Operating income came in at $-13M.

Over the past 8 quarters, STEM, INC. has demonstrated a growth trajectory, with revenue expanding from $34M to $138M. Investors analyzing STEM stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

STEM Dividend Yield and Income Analysis

STEM, INC. (STEM) does not currently pay a dividend. This is common among smaller companies in the Electrical Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

STEM Momentum and Technical Analysis Profile

STEM, INC. (STEM) has a momentum factor score of 49/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 18/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

STEM vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, STEM, INC. (STEM) ranks #693 out of 752 stocks based on the Blank Capital composite score. This places STEM in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing STEM against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full STEM vs S&P 500 (SPY) comparison to assess how STEM, INC. stacks up against the broader market across all factor dimensions.

STEM Next Earnings Date

No upcoming earnings date has been announced for STEM, INC. (STEM) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy STEM? — Investment Thesis Summary

The quantitative profile for STEM, INC. suggests caution. The quality score of 24/100 flags below-average profitability. The value score of 25/100 indicates premium valuation. High volatility (stability score 6/100) increases portfolio risk.

In summary, STEM, INC. (STEM) earns a Avoid rating with a composite score of 28.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on STEM stock.

Related Resources for STEM Investors

Explore more research and tools: STEM vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare STEM head-to-head with peers: STEM vs SOBO, STEM vs TEN, STEM vs GLDD.