When is the STPK merger date with stem?
STPK hasn’t announced a merger date with Stem yet. While announcing the merger, the companies said that they expect the merger to close in the first quarter of 2021. However, while filing its 2020 earnings, Stem said that the merger would be completed early in the second quarter of 2021.
What's happening with STPK stock?
STPK SPAC stock fell almost 10 percent on March 16 and opened sharply lower on March 17. The stock is down almost 44 percent from its 52-week highs. The sell-off in STPK is similar to Churchill Capital IV (CCIV), which has announced a merger with Lucid Motors.
Is STPK SPAC stock a merger target?
For SPACs that have identified a merger target, valuation concerns have only deepened the sell-off. STPK SPAC stock fell almost 10 percent on March 16 and opened sharply lower on March 17. The stock is down almost 44 percent from its 52-week highs.
How much is StarStar peak (STPK) worth?
Star Peak estimates that the Stem 2021 revenue will be $147 million ( page 29 of its slide presentation ). So if we multiply 52.6 times $147 million, the pro forma enterprise value for STPK stock is $7.732 billion. To derive the target price, first, we add back the $648 million in cash. That gives us a pro forma market value of $8.38 billion.
Did STPK merge with STEM?
STPK stock has seen gains of more than 20% at the time of writing. This move seems odd, considering the relative lack of news on Star Peak today. The company's announced merger partner, Stem, has also produced little news. The proposed merger will be voted on during a scheduled meeting on April.
What is STPK new ticker?
STPK:US has changed to a new ticker symbol: STEM:US.
When did Stem, Inc go public?
The company came public in late 2020. After an initial rally on its debut, the shares have gone into a tailspin.
Who did STEM merge with?
Stem Inc becomes 'first publicly-traded smart energy storage company' as SPAC merger completes.
Is stem good stock?
7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Stem in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Stem stock.
What does Thcb stock do?
Well, the company specializes in battery systems to power a wide range of electric vehicles. Instead of focusing on the passenger vehicle space, Microvast is carving out a niche in city transit. This means it wants to develop high-power batteries for things like buses and taxis.
What companies use stem Inc?
Stem operates the world's largest digital network of energy storage systems and serves dozens of Fortune 500 companies, including Whole Foods, Amazon, Walmart, Adobe, and UPS.
Is stem Inc a public company?
Stem (NYSE:STEM shareholders incur further losses as stock declines 12% this week, taking one-year losses to 57% Investing in stocks comes with the risk that the share price will fall. And there's no doubt that Stem, Inc...
What sector is stem Inc in?
Stem Inc is a provider of energy storage solutions. The Company combines advanced energy storage solutions with its AI-powered analytics platform to enable customers and partners to optimize energy use and maximize the value of renewable energy.
Is stem stock a SPAC?
Stem (STEM 11.03%) is one young company that came public in 2021, and its shares quickly flew up to $50 before falling back around the SPAC price of $10. Does this mean Stem is another forgettable SPAC, or does it have some growth potential over the next decade for patient investors? Let's find out.
What is the stem system?
STEM Education, at its core, simply means educating students in four specific disciplines, namely, Science, Technology, Engineering, and Mathematics (collectively shortened as STEM).
Comparing Its Valuation With Blink and ChargePoint
For example, Blink has an enterprise-value-to-sales ratio of 409 times, according to Yahoo! Finance.
What STPK Stock Is Worth
That would give Star Peak an enterprise value of $8.673 billion (i.e., 59 times $147 million in 2021 forecast sales). In addition, we add back the $525 million in cash that was previously deducted in order to get the market capitalization. That means STPK stock would be worth $9.198 billion.
How much is stem revenue in 2026?
Its current revenues are around $33 million. In 2026, its estimated revenues could be well over $1.1 billion. Stem already has partnerships in place with leading utilities and businesses.
When was stem founded?
Stem, which was founded in 2009, claims its total addressable market should grow 25-fold in the next decade as renewable energy explodes and storage capacity improves and becomes more efficient.
Is infrastructure a stock?
Infrastructure stocks have been some of the bigger winners throughout the pandemic. In its 2017 “Comprehensive Assessment of America’s Infrastructure,” the American Society of Civil Engineers gave the U.S. infrastructure a D plus. With another report due out this year, the country is not likely to get a better grade. Infrastructure would seem to be an issue where both political parties could find common ground. But the devil is in the details as they say. And previous administrations’ efforts have either lacked political will or faced legislative gridlock. However many sector analysts see a new opportunity with the Democratic party now holding control of both the executive and legislative branches of our government. And there is increasing optimism that the Biden administration will look to pass a $1.9 trillion infrastructure plan. This plan is likely to include the standard fare of modernizing highways, bridges and tunnels and expanding rural access to broadband. However in the case of the Biden administration, climate change will be a central theme of any infrastructure program. This may include boilerplate initiatives such as reinforcing environmental regulations and guaranteeing safe drinking water. But it’s also likely to include putting federal dollars behind initiatives that will accelerate the creation and adoption of autonomous vehicles. 7 Growth Stocks That Won’t Be Stopped in 2021 Here is a list of 10 infrastructure stocks that go beyond the pick-and-shovel stocks commonly associated with rebuilding the country: Brookfield Infrastructure Partners (NYSE: BIP) Crown Castle International (NYSE: CCI) American Tower (NYSE: AMT) Nucor (NYSE: NUE) Union Pacific (NYSE: UNP) NV5 Global (NASDAQ: NVEE) Advanced Drainage Systems (NYSE: WMS) United Rentals (NYSE: URI) NextEra Energy (NYSE: NEE) Trimbl e (NASDAQ: TRMB)
Who is the potential customer of stem?
Its potential customers include stakeholders in the energy grid, including utilities and corporations.
Is STPK stock merged with stem?
The announced merger between STPK stock and Stem is expected to close in the coming weeks. The combined company will be listed on the Big Board under the new ticker symbol “STEM.” Its equity value is estimated to be around $1.35 billion.
Key Data Points
Primary metrics and data points about Star Peak Energy Transition Corp..
Environmental, Social, and Governance Rating
"B" score indicates good relative ESG performance and an above-average degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
When did STPK file for merger?
On March 15 , STPK filed a document with the SEC for the voting but the document didn't specify the voting date. Article continues below advertisement. The voting will likely take place soon. After SPTK shareholders approve the merger, the two companies would proceed with the merger.
When will STPK merge with stem?
However, while filing its 2020 earnings, Stem said that the merger would be completed early in the second quarter of 2021. On March 15, STPK filed a document with the SEC for ...
How much will stem make in 2050?
Citing data from Bloomberg New Energy Finance, Stem expects $1.2 trillion in revenue opportunity in the integrated energy storage market by 2050. Stem expects its revenues to rise at a CAGR of 51 percent between 2021 and 2026. It expects to turn positive on the adjusted EBITDA in the fiscal year 2022 and post an adjusted EBITDA of $381 million in fiscal 2026.