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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.