NRGV - Energy Vault stock plunges 27% amid bearish session

Energy Vault (NRGV) stock tumbled 27% on Monday during a bearish day for the broader market. Shares of the energy storage solutions company opened at $11.75. The stock recently changed hands at $10.23, down 27%, at approximately 11:40 a.m. ET. Energy Vault went public on Feb. 11 through a merger with SPAC Novus Capital II. The deal valued the combined company at a pro forma enterprise value of $1.1B. For a more in-depth look at Energy Vault, check out SA contributor WideAlpha’s “Energy Vault is a Promising But Highly Speculative Investment Opportunity”.

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Energy Vault stock plunges 27% amid bearish session