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Star Peak Energy Transition Corp. (STPK) shares were falling -8.73% to trade at $27.49 in the current market at the last check. STPK’s stock closed the previous session at $30.12. The STPK stock volume remained 1.3 million shares.
What is the recent news on STPK stock?
On 12
th April 2021, STPK and Stem Inc. announced that they will host a fireside chat on that same day with IPO Edge at 2 pm EDT. The event will be broadcasted live and has also been announced by IPO Edge on their website. The event will feature the Chairman of STPK stock, Michael Morgan, and CEO of Stem, John Carrington. The moderator chosen for the event will be Editor-in-Chief of IPO Edge John Jannarone. The event’s agenda is to discuss merger/business combination and the session will last for 45 minutes along with a Q&A session with the audience
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What happened
Shares of
Star Peak Energy Transition (NYSE:STPK) dipped 22.2% in March, according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) had posted huge gains following the announcement of its upcoming merger with energy storage specialist Stem, but its stock lost ground amid a widespread sell-off for growth-dependent technology stocks.
Investor confidence in stocks with heavily growth-dependent or otherwise speculative outlooks wavered in March, and Star Peak s share price took a significant dip as a result. Star Peak s share price also dipped in conjunction with the publication of Stem s full-year results.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Stem, Inc. Announces New Front of the Meter, Wholesale Market Participation Services Project in .
Stem, Inc.March 2, 2021 GMT
MILLBRAE, Calif., March 02, 2021 (GLOBE NEWSWIRE) Stem, Inc., a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the installation of its largest Massachusetts solar plus storage site that will participate in New England wholesale energy markets through its existing partnership with Kearsarge Energy L.P. (“Kearsarge”), the developer and owner of the project.
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Kearsarge Haverhill LLC, located on a landfill in Haverhill, Mass., has 3.6 megawatts (MW) of solar with a 2 MW / 9 megawatt-hour (MWh) AC-coupled, front-of-the-meter (FTM) battery. The project is the largest of its kind that Stem’s AthenaTM smart energy storage software currently operates for Kearsarge in Massachusetts. Separately, Stem
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