Energy Vault Holdings jumps after raising 2022 revenue forecast

Energy Vault Holdings

18/01/2023 15:03

** Shares of energy storage solutions provider Energy Vault
Holdings Inc  NRGV.N  up 20.2% at $4.28 in early trade
    ** Stock set for its best day in more than two months, if
gains hold
    ** Company raises 2022 revenue forecast to $142 mln-$152 mln
from its previous forecast of $75 mln-$100 mln
    ** Revenue outlook driven by ahead of schedule execution of
projects in the United States and territory expansions in Europe
and the Middle East - NRGV
    ** Stock fell 40.9% in the quarter ended Dec. 31
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))