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STEM Stock: 2 Reasons the Energy Storage Play Is Charging Up Today The AI-driven energy storage firm has hired a key M&A exec as it readies its virtual roadshow May 25, 2021, 8:29 am EDT May 25, 2021 Stem (NYSE: STEM) for a fourth day. STEM stock was up more than 5% in pre-market trading after gaining nearly 11% on Monday. Source: Shutterstock The rally follows news of key hires by the Millbrae, California firm. Notably, veteran M&A executive Matt Tappin has joined the leadership team as vice president of corporate development, focusing on mergers and acquisitions, investments, and joint ventures. His remit became clear in management’s April 27 fireside chat that focused on its merger and investment strategy to capitalize on the power grid shifting to renewable sources. ....
Blackstone (NYSE: BX) – are doing the same. In such an environment, the leading companies facilitating the revolution, including Stem, will easily be able to grow rapidly and generate huge profits over the longer term. Yet many of the sector’s stocks have tumbled recently. One example is STEM stock, whose shares have tumbled about 50% since peaking on Feb. 17. (Actually, most of that decline was generated by Star Peak Energy, the SPAC which had agreed to merge with Stem last December. The merger became effective on April 28, and Stem began trading under its own name on April 29). I believe that the reason for the decline in clean energy names is that many on the Street are focusing on peripheral issues like higher interest rates and whether the Biden administration’s stimulus plan will pass Congress. (I believe that the initiative will pass in some form. And even if it doesn’t, I’m confident that the administration will find many other ways of backing th ....
WhatsApp 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 ....
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. ....
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