STEM INVESTOR ALERT

Robbins Geller Rudman & Dowd LLP Announces that Stem, Inc. f/k/a Star Peak Energy Transition Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Stem, Inc. (“Stem”) f/k/a Star Peak Energy Transition Corp. (NYSE: STEM; STEM.WS) securities: (a) pursuant and/or traceable to the offering documents issued in connection with the merger consummated on April 28, 2021 by and among Stem, Star Peak Energy Transition Corp. Merger Sub Corp., and Stem, Inc., a private Delaware corporation (“Legacy Stem”); and/or (b) between March 4, 2021 and February 16, 2023, both dates inclusive (the “Class Period”) have until July 11, 2023 to seek appointment as lead plaintiff of the Stem class action lawsuit. Captioned Petersen v. Stem, Inc. f/k/a Star Peak Energy Transition Corp., No. 23-cv-02329 (N.D. Cal.), the Stem class action lawsuit charges Stem and certain of Stem’s top current and former executives and directors with violations of the Securities Act of 1933 and/or Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Stem class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-stem-inc-f-k-a-star-peak-energy-transiti ...

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail].

CASE ALLEGATIONS: On December 4, 2020, Stem announced that it had entered into a definitive agreement to merge with Star Peak Energy Transition Corp., a special purpose acquisition corporation (known as a SPAC or blank-check company), and Legacy Stem, a purported global leader in AI-driven clean energy storage systems, that would result in a combined company with an estimated equity value of approximately $1.35 billion. On February 24, 2022, Stem issued a press release announcing that it had entered into a strategic partnership with Available Power (“AP”), a purported developer of distributed energy resources and microgrid systems for commercial and industrial real estate, with a “[v]alue of award expected to exceed $500 million across the project portfolio” and that “provide[d] Stem exclusive rights to 100 standalone energy storage projects in Texas.”