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Analysts Offer Insights on Utilities Companies: American Electric Power (AEP), Duke Energy (DUK) and Energy Vault Holdings (NRGV)

Tipranks - Tipranks - Thu May 7, 6:52AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on American Electric Power (AEP), Duke Energy (DUK) and Energy Vault Holdings (NRGV).

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American Electric Power (AEP)

Goldman Sachs analyst Carly Davenport maintained a Buy rating on American Electric Power yesterday and set a price target of $147.00. The company’s shares closed last Tuesday at $137.04.

According to TipRanks.com, Davenport is a 3-star analyst with an average return of 5.0% and a 67.1% success rate. Davenport covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Edison International, and Eversource Energy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Electric Power with a $141.53 average price target, representing a 2.2% upside. In a report issued on April 20, Seaport Global also upgraded the stock to Buy with a $145.00 price target.

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Duke Energy (DUK)

In a report released today, Alex Kania from BTIG maintained a Buy rating on Duke Energy, with a price target of $141.00. The company’s shares closed last Tuesday at $127.58.

According to TipRanks.com, Kania is a 3-star analyst with an average return of 4.9% and a 67.5% success rate. Kania covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Chesapeake Utilities, and WEC Energy Group. ;'>

Currently, the analyst consensus on Duke Energy is a Moderate Buy with an average price target of $139.60, representing an 8.3% upside. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $143.00 price target.

Energy Vault Holdings (NRGV)

Goldman Sachs analyst Brian K. Lee maintained a Sell rating on Energy Vault Holdings today and set a price target of $2.00. The company’s shares closed last Tuesday at $5.03.

According to TipRanks.com, Lee is a 3-star analyst with an average return of 2.1% and a 46.3% success rate. Lee covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

Currently, the analyst consensus on Energy Vault Holdings is a Moderate Buy with an average price target of $5.02.

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