Why Star Peak Energy Transition Stock Surged Today
Shares of Star Peak Energy Transition (NYSE: STPK) jumped Tuesday morning after a severe winter storm caused power outages and electric-grid blackouts in the Midwest and South over the holiday weekend.
Shares were 16% above Friday's closing price as of 11:45 a.m. EST today.
The special purpose acquisition company (SPAC) announced in December that it will merge with Stern, a smart energy-storage company. Energy companies are in focus today, as a severe winter storm has disrupted power grids, forcing rolling blackouts in Texas and outages elsewhere in the central U.S., amid record low temperatures.
Source Fool.com
