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$STPK Interesting SPAC that will merge with Stem Inc
Quick thread on some points I’ve gathered:
- Market leader in AI energy storage solutions.
- AI driven SaaS platform called Athena with 80% gross margins. (1 of 3 parts of their biz)
- Energy Storage market has a $1.2T TAM
Quick thread on some points I’ve gathered:
- Market leader in AI energy storage solutions.
- AI driven SaaS platform called Athena with 80% gross margins. (1 of 3 parts of their biz)
- Energy Storage market has a $1.2T TAM
How does it generate revenue?
- Offers battery hardware produced by suppliers such as $TSLA by layering on its smart technology.
- Athena its Ai driven software platform collects data and helps customers alternate between various energy sources to optimise energy efficiency.
- Offers battery hardware produced by suppliers such as $TSLA by layering on its smart technology.
- Athena its Ai driven software platform collects data and helps customers alternate between various energy sources to optimise energy efficiency.
How is it a leader?
- More storage capacity commissioned than peers.
- 75% market share in the California Commercial and industrial sprague market.
- Over 900 systems operating/contracted with their Athena software platform.
- More storage capacity commissioned than peers.
- 75% market share in the California Commercial and industrial sprague market.
- Over 900 systems operating/contracted with their Athena software platform.
Experienced management:
- CEO was previous executive at $FSLR where he grew revenue from $400 mil to $2B
- CTO was previous CTO of the multinational conglomerate Siemens
- CEO was previous executive at $FSLR where he grew revenue from $400 mil to $2B
- CTO was previous CTO of the multinational conglomerate Siemens
Catalysts:
- The most obvious one, Biden’s proposed huge $2T infrastructure and green energy plan, of which Stem will be a huge beneficiary for this.
- Attractive valuation: Despite growth projections higher than peers, currently trading at a lower multiple compared to comp.
- The most obvious one, Biden’s proposed huge $2T infrastructure and green energy plan, of which Stem will be a huge beneficiary for this.
- Attractive valuation: Despite growth projections higher than peers, currently trading at a lower multiple compared to comp.
Some key slides from their IR presentation
@SeifelCapital @Soumyazen @saxena_puru @GrowthStockInv1 @skaushi @DPogrebinsky
Any quick thoughts on the company?
Any quick thoughts on the company?
