Wall Street

Energy Vault Holdings (NRGV) – $8 On The Way To $0

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ValueWalk

Energy Vault Holdings Inc (NYSE:NRGV) is a $1.1B market value development-stage company that recently came public via a merger with the SPAC Novus Capital Corporation II. The company claims to have a simple, cost-effective gravity- based energy storage solution. However, the concept and company claims have been criticized and debunked by numerous sources. Moreover, it looks to be a simple repackaging of a failed concept previously launched by two NRGV founders. Announced deals and relationships do not engender confidence in the business. The company has a history of customer and project announ…

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