How to change stereotype of UML Component in VP online?

Hi, I am trying to edit the stereotype of a component in VP online, free version. It does not seem possible? Is this correct? Which other version of VP online allows to edit stereotypes, i.e. is an upgrade required?

May I know do you mean you would like to add more stereotype to the Component? Or make change to the existing Component tag on the element?

I want to edit/replace the existing <> stereotype and change it to <> for example.

Actually the <<component>> is not stereotype of component, it’s part of the UML formal notation. In VP Online other stereotypes can be simply type in via element’s caption. You can press Shift + Enter to insert new line to the caption.