Energy Vault Holdings, Inc. (NYSE:NRGV – Get Rating)’s stock price hit a new 52-week low on Monday . The stock traded as low as $4.12 and last traded at $4.16, with a volume of 696 shares changing hands. The stock had previously closed at $4.45.
Wall Street Analysts Forecast Growth
Separately, Chardan Capital assumed coverage on Energy Vault in a report on Wednesday, June 29th. They issued a “buy” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.
Energy Vault Stock Up 2.7 %
The business has a fifty day moving average of $9.32.
Institutional Trading of Energy Vault
A number of large investors have recently added to or reduced their stakes in the company. Invesco Ltd. bought a new stake in Energy Vault in the 1st quarter worth approximately $21,416,000. Vontobel Holding Ltd. bought a new stake in Energy Vault in the 2nd quarter worth approximately $1,461,000. Potrero Capital Research LLC bought a new stake in Energy Vault in the 1st quarter worth approximately $360,000. Bank of America Corp DE bought a new position in shares of Energy Vault during the 1st quarter valued at approximately $1,584,000. Finally, Green Alpha Advisors LLC bought a new position in shares of Energy Vault during the 2nd quarter valued at approximately $360,000.
Energy Vault Company Profile
Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions.
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