STPK stock lost ground as investors rebalanced their portfolios amid a widespread sell-off. The surge in interest rates has also made growth-dependent technology stocks less attractive to investors, impacting STPK. Furthermore, the SEC’s involvement in SPAC deals has created a stir and dragged down SPAC stocks.
Full Answer
Why is STPK stock dropping despite no analyst downgrade?
STPK stock has dropped significantly despite there being no analyst downgrade or company-specific news. STPK stock lost ground as investors rebalanced their portfolios amid a widespread sell-off.
What's happening to STPK SPAC stock?
On Apr. 20, STPK SPAC stock fell 5.9 percent and closed at $22.99. The stock has fallen 55.4 percent from its peak, which includes a 16 percent pullback over the last month.
Is Star Peak Energy Transition (STPK) stock a buy after merger with stem?
The Star Peak Energy Transition (STPK) SPAC is planning to merge with energy storage specialist Stem in a deal valued at $1.35 billion. STPK stock has dropped 55 percent from the peak it hit in Feb. 2021.
Will STPK outperform or underperform the S&P 500 over the long term?
Vote “Outperform” if you believe STPK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe STPK will underperform the S&P 500 over the long term. You may vote once every thirty days.
What happened to Star Peak Energy Stock?
In connection with the closing, Star Peak changed its name to Stem, Inc. (“Stem” or the “Company”). The ticker symbols for the common stock and warrants of Stem will change from “STPK” and “STPK.WS” to “STEM” and “STEM.WS” and will begin trading as such on the New York Stock Exchange on April 29, 2021.
Why is stem stock down?
Because Stem hasn't been listed for many years, the market is still learning about how the business performs. The falls have accelerated recently, with the share price down 29% in the last three months. We note that the company has reported results fairly recently; and the market is hardly delighted.
What does Star Peak Energy do?
Star Peak is a special purpose acquisition company created to identify market-leading businesses focused on climate change initiatives, reducing carbon emissions and improving energy ecosystem efficiency.
Will STEM stock go up?
Verdict: Currently the analyst consensus has revenues growing over 140% to approximately $360 million even as estimates are in a fairly wide range. Analysts also expect a net loss of 18 to 29 cents a share in FY2022 for STEM. The company/stock has several things going for it.
Should I sell STEM stock?
Is STEM stock a buy right now? 7 Wall Street 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 analysts is that investors should "buy" Stem stock.
Who did STPK merge with?
Star Peak Energy Transition Corp (NYSE:STPK) is a SPAC (special purpose acquisition company) that will merge with battery-storage management company Stem, Inc. Once that happens, and the symbol changes to STEM, expect to see STPK stock (which will become STEM stock) move up at least 46% from here.
Is STEM a SPAC?
While the majority of SPAC mergers were not good investments, there were a few potential diamonds in the rough. Stem (STEM 1.19%) 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.
Who are Star Peak Energy Transition's key executives?
Star Peak Energy Transition's management team includes the following people: Mr. Eric J. Scheyer , CEO & Director (Age 56) Mr. Michael D. Wilds...
Who are some of Star Peak Energy Transition's key competitors?
Some companies that are related to Star Peak Energy Transition include Ribbit LEAP (LEAP) , Jaguar Global Growth Co. I (JGGC) , Crypto 1 Acquisi...
What is Star Peak Energy Transition's stock symbol?
Star Peak Energy Transition trades on the NASDAQ under the ticker symbol "STPK."
How much money does Star Peak Energy Transition make?
Star Peak Energy Transition has a market capitalization of $0.00.
What is Star Peak Energy Transition's official website?
The official website for Star Peak Energy Transition is stpk.starpeakcorp.com .
How can I contact Star Peak Energy Transition?
The company can be reached via phone at 847 905 4500 .
About Star Peak Energy Transition
Star Peak Energy Transition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Star Peak Energy Acquisition Corp. and changed its name to Star Peak Energy Transition Corp.
0.0 Analyst's Opinion
Star Peak Energy Transition has received 0 “outperform” votes. (Add your “outperform” vote.)
Who are some of Star Peak Energy Transition's key competitors?
Some companies that are related to Star Peak Energy Transition include New Beginnings Acquisition (NBA), Cyba (CYBA), Califfi Capital (CFI), EverArc (EVRA), Anemoi International (AMOI), U.K.
What is Star Peak Energy Transition's stock symbol?
Star Peak Energy Transition trades on the NASDAQ under the ticker symbol "STPK."
What is Star Peak Energy Transition's official website?
The official website for Star Peak Energy Transition is stpk.starpeakcorp.com.
Is Star Peak Energy on fire?
Shares of shell company Star Peak Energy (NYSE: STPK) have been on fire since the start of the year, growing over 127%. STPK stock has been climbing since December, after unveiling its plans to merge with battery technology specialist STEM.
Is Star Peak Energy a pure play company?
Star Peak Energy has lofty ambitions and ones that could propel it to its industry’s ex alted position. Becoming the first smart energy storage pure-play company will provide it assess to a colossal addressable market and the first-movers advantage in its sector.
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.
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