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?
May 07, 2022 · 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 ...
What's happening to STPK SPAC stock?
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Should you buy stem (STPK) stock?
Apr 15, 2021 · What's Happening With STPK Stock Today? Star Peak Energy Transition Corp (STPK) stock is trading at $27.30 as of 10:18 AM on Thursday, Apr 15, a rise of $0.70, or 2.63% from the previous closing price of $26.60. The stock has traded between $27.10 and $28.03 so far today. Volume today is below average. So far 272,475 shares have traded compared ...
Is Star Peak Energy Transition (STPK) stock a buy after merger with stem?
Apr 21, 2021 · 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...
What happened to Star Peak Energy Stock?
What does Star Peak Energy Transition Corp do?
Who did STPK merge with?
Who is STEM merging with?
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 Bluescape Opportunities Acquisition (BOAC) , Bridgetown (BTWN) , Edoc Acq...
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 .
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
What's Happening With STPK Stock Today?
Star Peak Energy Transition Corp (STPK) stock is trading at $27.30 as of 10:18 AM on Thursday, Apr 15, a rise of $0.70, or 2.63% from the previous closing price of $26.60. The stock has traded between $27.10 and $28.03 so far today. Volume today is below average. So far 272,475 shares have traded compared to average volume of 3,654,897 shares.
What is STPK SPAC?
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 SPAC stock recover before the merger date, and should you buy it now?
Is stem stock bullish?
Citron Research is also bullish on Stem stock and has given it a price target of $100. The famous short-seller called Stem "the most compelling and real ESG [environment, social, and Governance] story on the market," and believes renewable energy storage is a trillion-dollar market opportunity.
Is STPK stock a good buy?
STPK stock looks like a good buy now. At almost 55 percent below its peak, the stock offers investors exposure to Stem at a bargain. Furthermore, the risk of near-term stock dilution looks low because Stem is going public with significant liquidity.
Is stem energy storage publicly traded?
You have to admire Stem’s goal here, though. It plans to become the first publicly traded smart energy storage pure-play. The integrated energy storage market is expected to grow to $1.2 trillion within the next 30 years.
Is Star Peak Energy Transition merging with stem?
Star Peak Energy Transition will be merging with Stem and unlock a lot of value for the investors of the combined entity. Though it has momentum behind it, several risks complicate its bull case.
Is STPK stock losing ground?
However, STPK stock has lost some ground in the past few months amidst a lack of investor interest in growth-dependent tech securities.
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.