STEM, INC.
Close on Oct 19, 2026
- Market cap
- $31.07M
- P/E (TTM)
- –
- Dividend yield
- –
About STEM
Services-Computer Integrated Systems Design, SIC 7373
Stem, Inc. develops and provides artificial intelligence-enabled software, hardware, and services to support clean energy assets across solar, energy storage, and hybrid systems. Its core offering is PowerTrack, an integrated suite featuring asset monitoring, energy management, analytics, supervisory control and data acquisition, power plant controllers, and optimization applications. The company also supplies OEM-agnostic edge hardware devices that connect customer facilities to its software, along with project, professional, and managed services encompassing the entire lifecycle from engineering and procurement to ongoing operational management. Customers include renewable project developers, asset owners, engineering, procurement, and construction firms, and distributors.
The company operates globally, managing projects across 55 countries, with 36 gigawatts of solar assets and nearly 2 gigawatt-hours of operating storage capacity under management. Stem maintains corporate offices in Houston, Texas, and employs 423 individuals across the United States and international locations.
Summary of the business section of STEM's latest annual report, written by StockData.
Company profile
Company
- Legal name
- STEM, INC.
- Founded
- 2009
- Headquarters
- Houston, TX
- Address
- 1400 Post Oak Boulevard, Suite 560 77056
- Phone
- (877) 374-7836
- Website
- stem.com
- Employees
- 423, Dec 31, 2025
- Industry
- Services-Computer Integrated Systems Design
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, San Francisco, California
Stock & identifiers
- Ticker
- STEM
- Exchange
- NYSE
- IPO date
- Aug 19, 2020
- Shares outstanding
- 10M, Aug 5, 2026
- Public float
- $50.00M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-20 reverse, Jun 23, 2025; 1-for-20 reverse, Jun 23, 2025
- SEC CIK
- 1758766
- CUSIP
- 85859N300
- ISIN
- US85859N3008
- LEI
- 549300GVWIYFILN5V546
- EIN
- 26-4466193
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael James Carlson | President, Managed Services | 26,020 |
| Brian Musfeldt | Chief Financial Officer | 2,379 |
| Arun Narayanan | Chief Executive Officer | 19,109 |
| Matthew Tappin | President, Software Products | 9,577 |
| Saul R. Laureles | Chief Legal Officer | 34,525 |
| Jeffrey T. Cabot | Chief Accounting Officer | – |
| Rahul Shukla | Chief Accounting Officer | 0 |
| Hofeldt Albert | Chief Technology Officer | 185,863 |
| Kim Homenock | Chief People Officer | 184,568 |
| Ira M. Birns | Director | 14,207 |
| Vasudevan Guruswamy | Director | 10,597 |
| Adam Daley | Director | 28,985 |
| David S. Buzby | Director | 51,046 |
| Anil Tammineedi | Director | 229,965 |
| Krishna Shivram | Director | 10,597 |
| Laura D. Tyson | Director | 15,473 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Arun Narayanan | $2.07M | $2.37M | $1.36M | $8 | – |
| FY2025 David Buzby | $264.91K | $307.55K | $1.36M | $8 | – |
| FY2025 John Carrington | $0 | $0 | $1.36M | $8 | – |
| FY2024 Arun Narayanan | $0 | $0 | $1.14M | $7 | – |
| FY2024 David Buzby | $1.01M | $824.09K | $1.14M | $7 | – |
| FY2024 John Carrington | $2.30M | -$3.54M | $1.14M | $7 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 423 employees, of whom 268 were based in the United States and 155 were in international locations.”
Corporate history
Events identified from SEC filings