![]() Their mission is to maximize the economic benefits of energy assets while ensuring resiliency, making them an important player in the clean energy transition.ĭuring their recent earnings call, Stem announced a significant energy storage project with Ameresco, a 313-megawatt-hour installation, demonstrating their competitiveness in large-scale front-of-the-meter storage deployments. Moving on, Stem operates in two key areas: Behind-the-Meter for on-site energy generation and storage, aiding commercial and industrial customers in reducing energy bills and meeting environmental goals, and Front-of-the-Meter for grid-connected systems that contribute to dynamic energy markets, enhancing the value of renewable energy projects. Stem also monitors solar assets through Athena's PowerTrack application. Stem offers an array of products and services, including energy storage systems, edge hardware for data collection and real-time control, and an advanced AI platform called Athena.Īthena optimizes the operation of integrated energy storage and solar systems, helping customers reduce energy costs and increase grid reliability. In fact, certainly, investors' expectations can't be that high, after all the stock is already down nearly 70% over the past 12 months and its multiple has compressed from 6x forward sales down to just 1x forward sales. Yet, I remain bullish for now, as I believe that most, if not all, of these negative considerations are already in the share price. The problem for Stem is that, aside from the fact that the need for energy security has faded away from the market's narrative, to complicate matters further for Stem, it's burning through significant cash flows while its balance sheet surfaces more questions rather than providing investors with a sense of ease. In plain English, this means that its customers can actively choose to get their energy supply from other energy sources aside from coal and natural gas. ( NYSE: STEM) business model is to layer artificial intelligence ("AI") with energy storage solutions so that the grid is able to operate with other energy supplies aside from baseload supply.
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