Energy Vault (NRGV) Stock Forecast, Price & News

4 Wall Street equities research 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 equities research 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.
View NRGV analyst ratings or view top-rated stocks.

4 analysts have issued 12 month price objectives for Energy Vault's shares. Their NRGV share price forecasts range from $1.75 to $11.50. On average, they predict the company's stock price to reach $6.96 in the next year. This suggests a possible upside of 191.4% from the stock's current price.
View analysts price targets for NRGV or view top-rated stocks among Wall Street analysts.

Energy Vault's stock was trading at $3.12 on January 1st, 2023. Since then, NRGV shares have decreased by 23.4% and is now trading at $2.39.
View the best growth stocks for 2023 here.

Energy Vault saw a increase in short interest in 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 trading volume of 1,270,000 shares, the short-interest ratio is presently 7.6 days. Currently, 15.7% of the company's stock are short sold.
View Energy Vault's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our NRGV earnings forecast.

Energy Vault Holdings, Inc. (NYSE:NRGV) announced its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.22) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.22). The company had revenue of $11.42 million for 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 a variety of institutional and retail 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of NRGV stock can currently be purchased for approximately $2.39.

Energy Vault (NYSE:NRGV) has a market capitalization of $337.92 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.