Stem (STEM)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	77.15 mm	77.15 mm	77.15 mm	77.15 mm	77.15 mm	77.15 mm
Cash burn (monthly)	4.76 mm	1.75 mm	49.39 mm	70.01 mm	3.14 mm	2.01 mm
Cash used (since last report)	24.20 mm	8.90 mm	250.97 mm	355.75 mm	15.98 mm	10.19 mm
Cash remaining	52.95 mm	68.25 mm	-173.82 mm	-278.60 mm	61.17 mm	66.96 mm
Runway (months of cash)	11.1	39.0	-3.5	-4.0	19.5	33.4

Beta Read what these cash burn values mean

Financial data from Stem earnings reports.

Institutional ownership, Q4 2024

STEM institutional ownership history Ownership history

41.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	146	156	-6.4%
Opened positions	25	26	-3.8%
Closed positions	35	56	-37.5%
Increased positions	38	37	+2.7%
Reduced positions	35	50	-30.0%

13F shares	Current	Prev Q	Change
Total value	30.28 bn	18.27 bn	+65.7%
Total shares	67.89 mm	73.50 mm	-7.6%
Total puts	1.00 mm	881.50 k	+13.4%
Total calls	780.00 k	655.70 k	+19.0%
Total put/call ratio	1.3	1.3	-4.6%

Largest owners	Shares	Value	Change
BlackRock	11.44 mm	$6.90 bn	+1.3%
Schroder Investment Management North America INC/ De	10.60 mm	$33.29 mm	0.0%
Vanguard	8.40 mm	$5.06 bn	-3.0%
RWE Supply & Trading GmbH	5.93 mm	$157.90 mm	0.0%
UBS UBS	4.60 mm	$2.77 bn	+1041.1%
Geode Capital Management	3.40 mm	$2.05 bn	-5.5%
STT State Street	3.10 mm	$1.87 bn	-36.5%
NTRS Northern Trust	1.30 mm	$780.98 mm	+6.3%
Susquehanna International	1.09 mm	$656.43 mm	+777.9%
Lido Advisors	1.08 mm	$648.69 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
UBS UBS	4.60 mm	+4.20 mm	+1041.1%
ExodusPoint Capital Management	0.00	-2.61 mm	EXIT
Ubs Global Asset Management Americas	0.00	-2.41 mm	EXIT
STT State Street	3.10 mm	-1.78 mm	-36.5%
Baird Financial	429.23 k	-1.64 mm	-79.3%
Susquehanna International	1.09 mm	+964.60 k	+777.9%
Davy Global Fund Management	0.00	-856.09 k	EXIT
BNP Paribas Arbitrage	796.46 k	+796.46 k	NEW
KBCSF KBC	0.00	-675.02 k	EXIT
Group One Trading	777.34 k	+542.26 k	+230.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

STEM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Feb 25	Michael James Carlson	Common Stock, Par Value $0.0001 Per Share	Option exercise	Acquire M	No	No	0	26,053	0.00	161,045
20 Feb 25	Michael James Carlson	RSU Common Stock, Par Value $0.0001 Per Share	Option exercise	Dispose M	No	No	0	26,053	0.00	526,520
20 Feb 25	Laureles Saul R.	Common Stock, Par Value $0.0001 Per Share	Option exercise	Acquire M	No	No	0	34,737	0.00	185,727
20 Feb 25	Laureles Saul R.	RSU Common Stock, Par Value $0.0001 Per Share	Option exercise	Dispose M	No	No	0	34,737	0.00	525,417
20 Feb 25	Hofeldt Albert	Common Stock, Par Value $0.0001 Per Share	Sell	Dispose S	No	No	0.6267	13,294	8.33 k	185,863
20 Feb 25	Matthew Tappin	Common Stock, Par Value $0.0001 Per Share	Sell	Dispose S	No	No	0.6267	8,130	5.10 k	32,821
19 Feb 25	Hofeldt Albert	Common Stock, Par Value $0.0001 Per Share	Option exercise	Acquire M	No	No	0	47,138	0.00	199,157
19 Feb 25	Hofeldt Albert	RSU Common Stock, Par Value $0.0001 Per Share	Option exercise	Dispose M	No	No	0	47,138	0.00	476,369
19 Feb 25	Matthew Tappin	Common Stock, Par Value $0.0001 Per Share	Option exercise	Acquire M	No	No	0	24,316	0.00	40,951
19 Feb 25	Matthew Tappin	RSU Common Stock, Par Value $0.0001 Per Share	Option exercise	Dispose M	No	No	0	24,316	0.00	442,123