Energy Vault (NYSE:NRGV) Given Buy Rating at TD Cowen

Energy Vault (NYSE:NRGV - Get Free Report)'s stock had its "buy" rating reissued by research analysts at TD Cowen in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $2.50 price objective on the stock. TD Cowen's price objective indicates a potential upside of 75.44% from the stock's current price.

Separately, Roth Mkm decreased their price target on shares of Energy Vault from $2.50 to $2.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $1.95.

Energy Vault Stock Down 29.1 %

NYSE:NRGV traded down $0.58 during trading hours on Wednesday, reaching $1.43. 2,674,529 shares of the company's stock were exchanged, compared to its average volume of 834,479. The firm has a market capitalization of $214.43 million, a price-to-earnings ratio of -2.19 and a beta of 0.45. The company has a 50-day moving average of $1.31 and a 200 day moving average of $1.17. Energy Vault has a 1-year low of $0.78 and a 1-year high of $2.84.

Institutional Trading of Energy Vault

Several hedge funds have recently made changes to their positions in NRGV. XTX Topco Ltd lifted its stake in shares of Energy Vault by 684.0% in the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company's stock worth $164,000 after acquiring an additional 150,948 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Energy Vault by 21.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company's stock valued at $325,000 after purchasing an additional 61,135 shares in the last quarter. Green Alpha Advisors LLC increased its holdings in shares of Energy Vault by 62.3% in the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company's stock valued at $152,000 after purchasing an additional 60,725 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Energy Vault in the 1st quarter valued at about $91,000. Finally, Vanguard Group Inc. increased its holdings in shares of Energy Vault by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,675,361 shares of the company's stock valued at $2,999,000 after purchasing an additional 43,764 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Energy Vault Company Profile

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.