Energy Vault’s (NRGV) Buy Rating Reiterated at TD Cowen

Energy Vault (NYSE:NRGV)‘s stock had its “buy” rating reiterated by analysts at TD Cowen in a report issued on Wednesday,Benzinga reports. They presently have a $2.50 target price on the stock. TD Cowen’s price target suggests a potential upside of 50.60% from the stock’s previous close.

Separately, Roth Mkm decreased their price target on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a report 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $1.95.

Energy Vault Stock Up 16.1 %

Shares of Energy Vault stock opened at $1.66 on Wednesday. The stock’s fifty day moving average is $1.32 and its 200 day moving average is $1.18. Energy Vault has a one year low of $0.78 and a one year high of $2.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NRGV. SG Americas Securities LLC grew its stake in shares of Energy Vault by 95.5% in the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after buying an additional 17,388 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its position in Energy Vault by 33.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after acquiring an additional 20,000 shares in the last quarter. DRW Securities LLC purchased a new stake in Energy Vault during the third quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Energy Vault by 17.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock valued at $434,000 after purchasing an additional 35,935 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 worth $2,999,000 after purchasing an additional 43,764 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.