Energy Vault (NRGV) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Vault in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NRGV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NRGV, but not buy additional shares or sell existing shares.
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4 brokerages have issued 12-month target prices for Energy Vault's shares. Their NRGV share price forecasts range from $1.75 to $9.00. On average, they anticipate the company's share price to reach $6.21 in the next year. This suggests a possible upside of 146.4% from the stock's current price.
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Energy Vault's stock was trading at $3.12 at the beginning of 2023. Since then, NRGV shares have decreased by 19.2% and is now trading at $2.52.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
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Energy Vault Holdings, Inc. (NYSE:NRGV) released its earnings results on Tuesday, August, 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.02. The company had revenue of $39.68 million for the quarter, compared to analyst estimates of $53.20 million. Energy Vault had a negative net margin of 71.43% and a negative trailing twelve-month return on equity of 39.77%.

ETFs with the largest weight of Energy Vault (NYSE:NRGV) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), SPDR S&P Kensho Clean Power ETF (CNRG) and IQ Chaikin U.S. Small Cap ETF (CSML).ALPS Clean Energy ETF (ACES).

Energy Vault issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $325.00 million-$425.00 million, compared to the consensus revenue estimate of $377.31 million.

Energy Vault trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRGV."

Energy Vault's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.44%), State Street Corp (1.85%), Geode Capital Management LLC (1.17%), Northern Trust Corp (0.52%), Charles Schwab Investment Management Inc. (0.41%) and Bank of New York Mellon Corp (0.20%). Insiders that own company stock include Andrea Pedretti, Goncagul Icoren, Robert Piconi and William Gross.
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Shares of NRGV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NRGV stock can currently be purchased for approximately $2.52.

Energy Vault (NYSE:NRGV) has a market capitalization of $360.01 million and generates $145.88 million in revenue each year. The company earns $-78,300,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.

The company employs 170 workers across the globe.

Energy Vault's mailing address is 8556 OAKMONT LANE, INDIANAPOLIS IN, 46260. The official website for the company is novuscapitalcorporationii.com. The company can be reached via phone at 805-852-0000 or via email at ir@energyvault.com.