Stem Announces Notification of Noncompliance with NYSE Continued Listing Standards
HOUSTON, October 23, 2026--Stem, Inc. (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced that on October 19, 2026, it had notified the New York Stock Exchange (the "NYSE") that the Company is not in compliance with Section 802.01B of the NYSE Listed Company Manual (the "Manual"), which requires a listed company's average global market capitalization over a consecutive 30 trading-day period to be not less than $50 million and, at the same time, its stockholders' equity to be not less than $50 million. On October 20, 2026, the Company received a non-compliance letter from the NYSE confirming that the Company is not in compliance with the requirement of Section 802.01B of the Manual (the "NYSE Letter").
In accordance with NYSE procedures, the Company intends to notify the NYSE within 10 business days of receipt of the NYSE Letter of its intent to submit a business plan to regain compliance. Within 45 days of receipt of the NYSE Letter, the Company must submit a business plan demonstrating how it intends to regain compliance with Section 802.01B (the "Plan") within 18 months of receipt of the NYSE Letter. The NYSE will review the Plan and, if accepted, the Company will be subject to quarterly monitoring by the NYSE for compliance with the Plan.
The Company's non-compliance with the listing standard described above has no immediate impact on the listing of the Company's common stock, which will continue to be listed and traded on the NYSE during the cure period, subject to the NYSE's acceptance of the Plan and, if accepted, its quarterly review of the Company for compliance with the Plan, as well as the Company's compliance with the NYSE's other continued listing requirements. Such non-compliance does not affect the Company's business operations, its Securities and Exchange Commission reporting requirements, or its obligations under any debt or other agreements.
About Stem
Stem (NYSE: STEM) is a global leader reimagining technology to support the energy transition. We turn complexity into clarity and potential into performance.
Stem helps asset owners, operators, and energy stakeholders unlock the full value of their portfolios by enabling the intelligent development, deployment, and operation of clean energy assets. Stem's integrated software suite, PowerTrackTM, is the industry-standard and best-in-class platform for asset monitoring and optimization and is backed by expert professional and managed services, all delivered under one roof. Designed to address complex energy challenges seamlessly, our technology transforms raw data into clear, actionable insights, providing the visibility and intelligence needed to drive performance. With projects across 55 countries, customers have trusted Stem for nearly 20 years to maximize the value of their clean energy investments.