Author Bio 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.