Stem, Inc. (STEM) company profile
Close on Nov 11, 2026Market cap $23.97MP/E –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
- Former tickers
- STPK until May 4, 2021
- 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
- SEC CIK
- 1758766
- CUSIP
- 85859N300
- ISIN
- US85859N3008
- FIGI
- BBG00XP8NQN4
- Share class FIGI
- BBG00XP8NRN2
- 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.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Option awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Arun Narayanan Chief Executive Officer | $520.27K | $743.08K | $791.21K | – | $13.69K | $2.07M | – |
| David Buzby Former Interim Chief Executive Officer and Executive Chair | $173.09K | – | $81.75K | $10.08K | – | $264.91K | -74% |
| Michael Carlson President, Managed Services & OEM Hardware | $430.37K | $379.92K | $525.97K | $29.10K | – | $1.37M | +24% |
| Saul R. Laureles Chief Legal Officer and Corporate Secretary | $410.22K | $376.42K | $525.97K | $29.10K | $8.61K | $1.35M | +38% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
SPAC offering
- Type
- SPAC (blank check) IPO of units
- Final prospectus filed
- Aug 19, 2020
- Offer price
- $10.00
- Securities offered
- 35,000,000
- Gross proceeds
- $350.00M
- Exchange
- NYSE
- First trading day
- Oct 8, 2020
- First-day close
- $9.70-3.0%
- Lock-up ends (est.)
- Apr 6, 2021
“Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-third of one warrant.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
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
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