Energy Vault (NYSE:NRGV) Hits New 52-Week High Following Analyst Upgrade

Energy Vault Holdings, Inc. (NYSE:NRGV) shares hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $5.79 and last traded at $5.4830, with a volume of 829062 shares trading hands. The stock had previously closed at $4.92.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. Fundamental Research set a $5.19 price objective on Energy Vault and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, The Goldman Sachs Group increased their target price on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.67.

Insider Activity at Energy Vault

In other Energy Vault news, CEO Robert Piconi purchased 10,000 shares of Energy Vault stock in a transaction on Friday, November 14th. The stock was bought at an average price of $3.00 per share, for a total transaction of $30,000.00. Following the transaction, the chief executive officer owned 20,207,242 shares of the company’s stock, valued at $60,621,726. The trade was a 0.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the completion of the sale, the chief financial officer directly owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. The trade was a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors have recently added to or reduced their stakes in NRGV. Ground Swell Capital LLC bought a new position in Energy Vault during the second quarter valued at about $26,000. Catalyst Funds Management Pty Ltd acquired a new stake in Energy Vault during the second quarter valued at approximately $36,000. Mercer Global Advisors Inc. ADV bought a new stake in Energy Vault during the third quarter worth approximately $36,000. XTX Topco Ltd acquired a new position in shares of Energy Vault in the second quarter worth about $39,000. Finally, Platform Technology Partners acquired a new position in Energy Vault during the third quarter valued at $40,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Trading Up 6.1%

The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $4.09 and a 200-day moving average of $2.73. The stock has a market cap of $966.30 million, a price-to-earnings ratio of -6.03 and a beta of 0.91.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%. The firm had revenue of $33.32 million for the quarter, compared to analyst estimates of $48.99 million. As a group, research analysts forecast that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

About Energy Vault

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.