NYSE · STEM

Stem, Inc.

Utilities · Renewable Utilities

$4.37▼ 5.21% ($0.24)today

As of 4:00 PM ET

52-week

$4.37$32.23

Market cap

$39.14M

P/E

0.27

EPS (TTM)

-$8.02

Next earnings

Oct 28, 2026

No multiple

What the market price implies · Reverse DCF

Historical revenue grew by 5.24%/yr over the past 4 years.

Selected forecast · Base scenario

0.87%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0.34%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$4.37

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

Enterprise value of $38.23M does not cover net debt of $293.53M, so equity value is negative and no fair value per share can be shown. 6 of 10 projected years carry negative free cash flow. This engine cannot separate captive-finance or other non-operating borrowings from operating debt.

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 0.34% · Ending margin 0% · Discount rate 8.68%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 21, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 22, 2026, 12:07 PM UTC · cache

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -78.24%Revenue (TTM): -5.11%FCF (TTM): 114.62%P/S: 4th pct

What changed

The stock fell 78.24% over the last year. Revenue declined 5.11% over the trailing twelve months. Operating margin moved from -144.93% to -30.11%. Free cash flow grew 114.62% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently -30.11%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Stem, Inc. operates internationally as a prominent provider of intelligent, digitally interconnected energy storage networks.

CEOArun Narayanan

SectorUtilities

IndustryRenewable Utilities

Employees423

IPO dateOct 8, 2020

https://www.stem.com

Market multiples

Forward P/E—

EV/EBITDA1.94

Enterprise value$401.83M

Stock splits

Jun 23, 2025↓ Reverse

Every 20 shares became 1

-95%

Profitability & growth

Revenue growth-12.3%

Gross margin (FY2025)38.37%▲46.0ppvs FY2024

Operating margin (FY2025)-35.64%▲545.0ppvs FY2024

ROEN/A

Analyst consensus

RatingHold

Target price$7.45▲70.48%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 28, 2026

Q4 FY26 · EPS est -$1.57 · Revenue est $40.34M

View

NYSE · STEM

Stem, Inc.

Utilities · Renewable Utilities

$4.37▼ 5.21% ($0.24)today

As of 4:00 PM ET

52-week

$4.37$32.23

Market cap

$39.14M

P/E

0.27

EPS (TTM)

-$8.02

Next earnings

Oct 28, 2026

No multiple

What the market price implies · Reverse DCF

Historical revenue grew by 5.24%/yr over the past 4 years.

Selected forecast · Base scenario

0.87%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0.34%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$4.37

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 0.34% · Ending margin 0% · Discount rate 8.68%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 21, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 22, 2026, 12:07 PM UTC · cache

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -78.24%Revenue (TTM): -5.11%FCF (TTM): 114.62%P/S: 4th pct

What changed

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently -30.11%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Stem, Inc. operates internationally as a prominent provider of intelligent, digitally interconnected energy storage networks.

CEOArun Narayanan

SectorUtilities

IndustryRenewable Utilities

Employees423

IPO dateOct 8, 2020

https://www.stem.com

Market multiples

Forward P/E—

EV/EBITDA1.94

Enterprise value$401.83M

Stock splits

Jun 23, 2025↓ Reverse

Every 20 shares became 1

-95%

Profitability & growth

Revenue growth-12.3%

Gross margin (FY2025)38.37%▲46.0ppvs FY2024

Operating margin (FY2025)-35.64%▲545.0ppvs FY2024

ROEN/A

Analyst consensus

RatingHold

Target price$7.45▲70.48%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 28, 2026

Q4 FY26 · EPS est -$1.57 · Revenue est $40.34M

View