Stem expands Berlin operations to support European renewable projects

BERLIN - Stem, Inc. (NYSE:STEM), a clean energy solutions provider with a market capitalization of $198.62 million, announced Tuesday the expansion of its Berlin operations with a move to a new 400-square-meter facility, nearly doubling its workspace capacity in the German capital. The company’s stock has shown remarkable momentum, delivering a 96.35% return year-to-date.

The expanded office will serve as Stem’s European competence center, bringing together the company’s engineering, sales, and customer success teams to address technical challenges in the region’s renewable energy sector, including hybrid solar-plus-storage integration and merchant market risk management.

"Our partners are facing increasingly complex projects that demand proven execution, risk mitigation, and platform reliability," said Arun Narayanan, Chief Executive Officer of Stem. "By expanding in Berlin, we’re strengthening local capabilities to deliver faster commissioning and post-sales support."

The Berlin hub centralizes teams with regional expertise focused on large-scale renewable projects across Europe, the Middle East, and Africa. According to the company, Stem’s PowerTrack platform is currently deployed across multiple European markets. With annual revenue of $156 million, Stem trades slightly above its InvestingPro Fair Value, suggesting careful consideration for potential investors. Discover 14 additional key insights about Stem with an InvestingPro subscription.

Matt Tappin, President of Software Products at Stem, noted that "Berlin’s central location, access to industry-leading experts, and connectivity to both established and emerging markets make it the ideal base for our EMEA operations."

The company stated that its European operations have commissioned more than 15 GW of solar projects to date. Globally, Stem reports deploying nearly 2 GWh of battery storage capacity across 55 countries.

Stem provides software solutions for monitoring and operating clean energy assets, including solar, energy storage, and hybrid solar-plus-storage systems.

The information in this article is based on a press release statement from Stem, Inc.

In other recent news, Stem Inc. reported a notable 13% increase in revenue for the second quarter of 2025, reaching $38.4 million. This financial performance aligns with the company’s strategic initiatives and has captured the attention of investors. In addition to its earnings report, Stem has unified its corporate identity and product offerings under the PowerTrack Suite, which includes the newly launched PowerTrack Energy Management System and the rebranded PowerTrack Optimizer, formerly known as the Athena platform. This move aims to streamline operations and simplify customer interactions.

Analysts have also taken note of Stem’s progress, with UBS doubling its price target to $16.00, citing the company’s shift toward a higher-margin services business. Similarly, Roth/MKM raised its price target to $13.00, highlighting Stem’s strong performance in high-margin software revenue growth. These developments underscore the company’s efforts to pivot from hardware sales to a more service-oriented business model. The rebranding and financial results suggest a focused strategy to enhance its market position in the clean energy sector.

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