Energy Vault (NRGV) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Vault in the last twelve months. 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 brokers have issued 1 year price targets for Energy Vault's stock. Their NRGV share price forecasts range from $1.75 to $11.50. On average, they predict the company's share price to reach $6.96 in the next year. This suggests a possible upside of 184.3% from the stock's current price.
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Energy Vault's stock was trading at $3.12 at the beginning of the year. Since then, NRGV stock has decreased by 21.5% and is now trading at $2.45.
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Energy Vault saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 9,620,000 shares, an increase of 21.0% from the April 15th total of 7,950,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is currently 7.6 days. Approximately 15.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Energy Vault Holdings, Inc. (NYSE:NRGV) issued its earnings results on Tuesday, May, 9th. The company reported ($0.22) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.22). The company earned $11.42 million during the quarter, compared to analyst estimates of $13.10 million. Energy Vault had a negative net margin of 78.13% and a negative trailing twelve-month return on equity of 35.10%.

ETFs with the largest weight of Energy Vault (NYSE:NRGV) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), ALPS Clean Energy ETF (ACES) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Energy Vault updated its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $325.00 million-$425.00 million, compared to the consensus revenue estimate of $380.81 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. (3.45%), SailingStone Capital Partners LLC (3.06%), State Street Corp (1.04%), Geode Capital Management LLC (0.96%), Charles Schwab Investment Management Inc. (0.38%) and AQR Capital Management LLC (0.27%). Insiders that own company stock include Andrea Pedretti, 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 $2.45.

Energy Vault (NYSE:NRGV) has a market capitalization of $346.41 million and generates $145.88 million in revenue each year. The company earns $-78,300,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis.

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.