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Stable power operations

For any $E_\infty$ ring spectrum $E$, we show that there is an algebra $\mathrm{Pow}(E)$ of stable power operations that acts naturally on the underlying spectrum of any $E$-algebra. Further, we show that there are maps of rings $E \to \mathrm{Pow}(E) \to \mathrm{End}(E)$, where the latter determines a restriction from power operations to stable operations in the cohomology of spaces. In the case where $E$ is the mod-$p$ Eilenberg-Mac Lane spectrum, this realizes a natural quotient from Mandell's algebra of generalized Steenrod operations to the mod-$p$ Steenrod algebra. More generally, this arises as part of a classification of endomorphisms of representable functors from an $\infty$-category $\mathcal{C}$ to spectra, with particular attention to the case where $\mathcal{C}$ is an $\mathcal{O}$-monoidal $\infty$-category.