Energy Vault Holdings (NRGV, Financial) has received an official notification from the New York Stock Exchange (NYSE) regarding its non-compliance with the exchange's listing standards. The alert, issued on April 16, 2025, highlights that the average closing price of Energy Vault’s shares has remained below $1.00 for 30 consecutive trading days, thus failing to meet the NYSE's minimum price requirement.
To address the issue, Energy Vault has been granted a six-month period to restore its stock price to comply with NYSE regulations. The company aims to formally communicate its strategy to resolve the deficiency by May 1, 2025. Part of Energy Vault's approach involves evaluating potential measures that might need stockholder approval to lift the stock price above the required threshold.
According to NYSE guidelines, should Energy Vault opt for a strategy that necessitates stockholder consent, the stock price must quickly surpass $1.00 per share and maintain that level for at least 30 consecutive trading days to rectify the situation. During this period, Energy Vault's shares will continue to be listed and traded on the NYSE.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Energy Vault Holdings Inc (NRGV, Financial) is $1.63 with a high estimate of $2.50 and a low estimate of $0.50. The average target implies an upside of 148.39% from the current price of $0.65. More detailed estimate data can be found on the Energy Vault Holdings Inc (NRGV) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Energy Vault Holdings Inc's (NRGV, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Energy Vault Holdings Inc (NRGV, Financial) in one year is $0.64, suggesting a downside of 2.17% from the current price of $0.6542. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Energy Vault Holdings Inc (NRGV) Summary page.
