#Nyse stem news full
In detail, at Stem's analyst day, the company's top management spent a lot of time demonstrating the full capability of its Athena platform. Since our latest analysis, the company reported its Q3 results and updated its investor community with a capital market day that fully supported our positive view. With pleasure, we report that Stem is executing very well on its long-term promises. The software division revenues are long-term contracts (10/20 years duration) and will enhance the company's future profitability. This is a less capital-intensive division and serves to optimize energy peak and battery performance. More importantly, Stem is leveraging its hardware sales over the short-term horizon, but the real opportunity is represented by the software as a service business. This is also supported by the Biden administration's recent infrastructure bill. The US market will drive the demand due to net-zero emission targets and federal investment tax credit. We estimated a 35% CAGR in global electric storage demand to reach 75 GWh by 2026. In our last analysis, we provided a follow-up note starting from MACRO consideration up to a MICRO level: In our initiation of coverage, we started with a comps analysis with an Italian peer, and then we reaffirmed our buy rating target with a publication called ' All About The Long-Term Trends '.
Here at the Lab, this year, we have already covered Stem, Inc.
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