Citi Starts Coverage of Energy Vault Holdings, Inc. (NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) is among the Best AI Power Grid Stocks.

On June 11, Citi started coverage of Energy Vault Holdings, Inc. (NYSE:NRGV) with a Neutral rating and a $5.25 price target. Analyst Vikram Bagri said the company’s capital-light model provides exposure to power infrastructure and data center demand. He commented that Citi wants a more attractive entry point or better visibility into growth catalysts before turning more constructive.

Separately, on May 27, Energy Vault Holdings, Inc. (NYSE:NRGV) said it completed its acquisition of an 850 MW battery energy storage portfolio in Japan from BayWa r.e. AG. It established an operational platform in the country. The firm said the portfolio includes 350 MW of advanced-stage projects expected to reach notice to proceed in the second half of 2027 and 500 MW of early-stage projects. It is also expanding its global owned asset base to more than 1 GW. CEO Robert Piconi said the acquisition strengthens Energy Vault’s long-term growth strategy and positions the company to scale energy storage projects in Japan.

Citi Starts Coverage of Energy Vault Holdings, Inc. (NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) is an integrated power infrastructure company. It develops, owns, and operates flexible and reliable energy systems for utilities, independent power producers, industrial customers, and the AI and data center sectors.

While we acknowledge the risk and potential of NRGV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NRGV and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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