Energy Vault (NRGV) Set to Announce Quarterly Earnings on Monday

Energy Vault (NYSE:NRGV – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Monday, August 8th. Investors that wish to listen to the company’s conference call can do so using this link.

Energy Vault (NYSE:NRGV – Get Rating) last posted its quarterly earnings results on Monday, May 16th. The company reported $0.15 EPS for the quarter. The company had revenue of $42.88 million during the quarter, compared to analyst estimates of $25.00 million.

Energy Vault Stock Up 4.0 %

NYSE:NRGV opened at $4.47 on Friday. Energy Vault has a one year low of $3.97 and a one year high of $22.10. The firm has a 50 day moving average of $8.75.

Analyst Upgrades and Downgrades

Separately, Chardan Capital initiated coverage on Energy Vault in a research note on Wednesday, June 29th. They set a “buy” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in Energy Vault in the first quarter valued at $1,584,000. Neuberger Berman Group LLC purchased a new position in Energy Vault in the first quarter valued at $388,000. Goldman Sachs Group Inc. purchased a new position in Energy Vault in the first quarter valued at $533,000. Invesco Ltd. purchased a new position in Energy Vault in the first quarter valued at $21,416,000. Finally, Penserra Capital Management LLC purchased a new stake in Energy Vault during the 1st quarter worth about $57,000.

About Energy Vault

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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.