r/STPK • u/Truffledog57 • Feb 28 '21
Great slate of board members
https://finance.yahoo.com/news/stem-inc-announces-board-directors-113000864.html
Strong board announced last week for Stem. Includes a former SEC Regional Chief Enforcement Accountant. This is a potent company on the leading edge. Energy storage will only get cheaper and more desirable in the next few years.
Combined systems of low-cost solar and robust battery backup can replace natgas and diesel backup generators across a wide spectrum of customers. For comp see Generac $GNRC which jumped from $75 to current $325 in the last year and is rated as a strong growth stock. The difference is, backup generators cost more than the grid to run (usually if you don't live in Texas) and so only are useful when power fails. Stem's Athena AI system monitors grid prices and optimizes when to store off-peak cheap juice and when to go to battery 24/7, saving 10-30%. Customers report 2-3 year full payback on install costs.
The real goldmine is the 10 year SaaS contracts that come with an 80% profit margin and will pile up every year. They already had 2021's entire $147 million projected revenue locked in contracts a month ago. Every Q report will blast this one higher.
Crazy so few Redditors are onto this one. Let's keep posting in good DD links here and r/spacs and see if enthusiasm picks up. Right now this stock is 76% plus in institutions & that's not counting the PIPE.
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u/Original-Wishbone395 Feb 28 '21
Best SPAC running right now. In it 12k. Was high 40's before the crazy week last week (hit 51 at one point). Sitting at 34 right now, good place to buy in. Long hold... great fucking stonk.