PowerX and Energy Vault Group Unit Partner on BESS and Data Center Projects
PowerX, Inc. has entered into a partnership with a unit of Energy Vault Holdings, Inc. to collaborate on battery energy storage system (BESS) and data center projects.
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Citigroup Lowers Price Target for Energy Vault Holdings
Citigroup has reduced its price target for Energy Vault Holdings, Inc. from $6.00 to $4.75 per share.
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Shares of power and electrical-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data this week fuel expectations that U.S. interest rates will remain higher for longer. Rising financing costs could pressure capital spending on power infrastructure and data center projects, weighing on demand for electrical equipment and related solutions.
Shares of power and electrical-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data fuel expectations that U.S. interest rates will remain higher for longer. Rising financing costs could pressure capital spending on power infrastructure and data center projects, weighing on demand for electrical equipment and related solutions.
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