Jim Cramer on Energy Vault: “That’s a Pure Spec That’s Losing a Fortune”

Energy Vault Holdings, Inc. (NYSE:NRGV) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. A caller asked if the company is becoming a “real growth story.” In response, Cramer said:

Well, that’s a pure spec that’s losing a fortune. Again, I gotta be really careful. Even though it’s a low dollar amount, remember, it is still a pure spec, and it can hurt you.

A stock market chart. Photo by Arturo A on Pexels

Energy Vault Holdings, Inc. (NYSE:NRGV) builds utility-scale energy storage systems that use battery, gravity, and hydrogen technologies to manage different power durations. Additionally, the company provides software and artificial intelligence tools to monitor operations, optimize revenue dispatch, and assist with maintenance decisions.

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 this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1