Shares of special purpose acquisition company Star Peak Energy Transition Corp. (STPK) were trading 22 percent up on Thursday despite no stock-related news to drive the upward movement.
In March, Star Peak Energy had announced a merger with energy storage specialist Stem Inc. and the deal is expected to be finalized within April. Both companies will conduct a vote on the merger on April 27, seeking approval. Once everything is finalized the merged company will trade under the ticker "STEM" on the NYSE.
The stock is currently trading at $31.17, up $5.66 on the NYSE.
The company shares have traded between $9.60 and $51.49 during the last 52-week period.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.