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home / news releases / NRGV - Energy Vault stock sinks 18% in midday trading Wednesday

NRGV - Energy Vault stock sinks 18% in midday trading Wednesday

Energy Vault Holdings Inc.
Energy Vault (NRGV) shares sank 18% in midday trading Wednesday. Shares of the energy storage solutions company recently changed hands at $17.77, down 18%, at approximately 11:25 a.m. ET.  The stock opened at $19.91. Energy Vault shares made their market debut on Feb. 14 after the company merged with SPAC Novus Capital II. The stock had been trending higher since mid-March. Energy Vault merged with Novus on Feb. 11 through a deal that carried a pro forma enterprise value for the combined company of $1.1B. For a more in-depth look at Energy Vault, check out SA contributor Wide Alpha’s “Energy Vault Is a Promising But Highly Speculative Investment Opportunity”.

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Energy Vault stock sinks 18% in midday trading Wednesday
Stock Information
Company Name: Energy Vault Holdings Inc.
Stock Symbol: NRGV
Market: NYSE
Website: energyvault.com
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