Energy Vault (NRGV) to Release Quarterly Earnings on Tuesday

Energy Vault (NYSE:NRGV) is anticipated to announce its earnings results after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $42.51 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Energy Vault Trading Down 11.4 %

Shares of NRGV opened at $1.21 on Tuesday. The business’s fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $1.55. Energy Vault has a 12 month low of $0.78 and a 12 month high of $2.70. The company has a market cap of $183.30 million, a price-to-earnings ratio of -1.85 and a beta of 0.40.

Analyst Upgrades and Downgrades

Separately, TD Cowen reiterated a “buy” rating and set a $2.50 target price on shares of Energy Vault in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1.95.

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.