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STEM News
STEM Events
Sees FY26 Non-GAAP Gross Margin 40%-50%
Sees FY26 non-GAAP gross margin 40%-50%, adjusted EBITDA $10M-$15M, operating cash flow $0-$10M.
Stem Reports Q2 Revenue of $33.65M, Below Consensus
Reports Q2 revenue $33.65M, consensus $35.5M. Reports bookings of $36.8M, up 39% from $26.5M in 1Q26. "The second quarter reflected strong momentum across our core PowerTrack platform and continued expansion of our international footprint," stated Arun Narayanan, Chief Executive Officer of Stem. "We brought PowerTrack EMS to Latin America this quarter with the Granja Solar project in Chile, where our software will serve as the control system for a 135 MW solar facility being retrofitted with a 420 megawatt-hour battery storage system - a strong proof point for the kind of hybrid, utility-scale project that validates the commercial prospects of our EMS offering. Our products were also recognized internationally, with PowerTrack EMS receiving 'The smarter E AWARD 2026' in Europe for the Smart Integrated Energy category, an honor given to industry pioneers driving major innovations across energy storage and smart integrated energy, and a prestigious recognition for the clean energy industry. Alongside this sustained commercial progress, we are continuing to execute with discipline, delivering our fifth consecutive quarter of positive adjusted EBITDA and record non-GAAP gross margins. We remain focused on driving operating leverage, strengthening our core platform, and building the foundation for accelerated growth in 2027 and beyond."
Stem Launches AIONA to Support Customers in Managing Energy Assets
Stem announced the launch of AIONA. Through its PowerTrack platform and broader software and services portfolio, Stem supports customers managing solar, storage, and hybrid assets across global markets. "Our customers consistently tell us that AI is a priority, but knowing where it will drive real value and how to deploy it responsibly is the hard part," said Arun Narayanan, Chief Executive Officer of Stem. "AIONA is not a new capability we built for the market. It reflects AI expertise we have developed and deployed internally for years, including in our products, and our operations, and how we serve customers every day. We are not just advising on AI. We identify the right problems to solve, engineer purpose-built agents, integrate them into operations, and deliver measurable outcomes. With a strong foundation in AI-enabled clean energy software, Stem is well positioned to support energy organizations as they define and execute their AI strategies."
Stem Deploys Energy Management System at Granja Solar Project in Chile
Stem announced that Copec Flux, the renewable energy subsidiary of Copec S.A., is deploying Stem's PowerTrack Energy Management System at the Granja Solar project in Chile. This development expands Stem's Latin America footprint and represents a meaningful step into the region's utility-scale hybrid market. The Granja project is an existing 135 MW PV project that Copec is retrofitting with a 420 MWh BESS to create a hybrid solar-plus-storage facility that allows Copec to supply energy to the national energy grid at more valuable times. As part of that expansion, Stem's PowerTrack Energy Management System will serve as the site's master control system, providing the controls architecture needed to manage the integrated asset.
Stem Enters New Services Agreement with Bluesphere Ventures
Stem announced that it has entered into a new services agreement with Bluesphere Ventures to support its portfolio of standalone battery energy storage projects participating in New York's Value of Distributed Energy Resources program. Under the agreement, Stem will provide revenue modeling, market analysis, and intelligence across Bluesphere Ventures' pipeline of battery storage projects located within Consolidated Edison territory in New York City. Stem's analysis evaluates multiple tariff structures, cycling scenarios, and revenue stacking strategies available under New York's VDER program, drawing on Stem's active operating experience across each modeled scenario. The engagement also incorporates Stem's proprietary Local Law 97 optimization capability, a novel revenue stream modeled exclusively for Bluesphere Ventures as part of this engagement. "New York is one of the most complex and opportunity-rich markets for standalone storage in the country and getting the revenue modeling right at the outset is critical," said Mike Carlson, President of Managed Services at Stem. "What sets our approach apart is that we model these systems the same way we operate them, informed by real runtime data from assets already in the ground. That discipline closes the gap between projected and actual performance, and it gives our clients a much more grounded basis for their investment decisions."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.