(ticker: STPK), a special purpose acquisition company or SPAC that raised money to find a target. Meet Stem, Inc., which is going public through a merger with Star Peak Energy Transition Corp. While there are many electric vehicle stocks to choose from, there is only one pure play smart energy storage company. But hidden behind the grid that powers cities from Los Angeles to Tokyo a parallel revolution is underway: an adoption of AI-driven batteries that store large amounts of energy and use it in a smarter way. The transformation of vehicles from carbon fuel to electric power is visible all around us. Shares are attractive at an enterprise value of 3.6 times 2023 sales, well beneath peersĮSG investors should take their eyes off the road and look a little closer at the power grid. Stem CEO is industry veteran John Carrington who has led company since 2013 Star Peak Chairman Mike Morgan was President at Kinder Morgan, to join Stem board Stem expects 51% annualized revenue growth from 2021-2026, far above peersĬurrent clients are major utilities, commercial and industrial users potentially individual householdsĪll Stem investors including General Electric Company, Temasek Holdings to roll 100% equity Stem’s Athena is leading Software-as-a-Service (SaaS) to optimize energy use between sources to go public via merger with Star Peak Energy Transition Corp.ĭelivers AI-driven batteries by adapting hardware from manufacturers including Tesla, Samsung, LG
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