Shares of Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.25.
Separately, Roth Mkm cut their price target on Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a report on Thursday, August 8th.
View Our Latest Stock Report on NRGV
Hedge Funds Weigh In On Energy Vault
Energy Vault Trading Down 4.3 %
Shares of NYSE:NRGV opened at $1.69 on Tuesday. Energy Vault has a 52-week low of $0.78 and a 52-week high of $3.22. The company has a 50-day simple moving average of $1.05 and a 200 day simple moving average of $1.11.
Energy Vault (NYSE:NRGV – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). Energy Vault had a negative net margin of 29.29% and a negative return on equity of 40.67%. The business had revenue of $3.77 million during the quarter, compared to analyst estimates of $16.65 million. During the same period in the previous year, the business earned ($0.18) earnings per share. On average, equities research analysts anticipate that Energy Vault will post -0.6 earnings per share for the current year.
About Energy Vault
Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.
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