Why Shares of Star Peak Energy Transition Soared Today

Why Shares of Star Peak Energy Transition Soared Today
Howard Smith, The Motley Fool

Shares of special purpose acquisition company (SPAC) Star Peak Energy Transition (NYSE: STPK) rocketed up today after the company revealed its investment target. Star Peak said it will combine with Stem, a smart energy storage company, to create a new public company that will be listed on the New York Stock Exchange under the new symbol STEM. Stem uses artificial intelligence (AI) to optimize clean energy assets and supplies its customers with digitally connected storage networks.