Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $5.0125.

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Cantor Fitzgerald initiated coverage on Energy Vault in a report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price objective on the stock. Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and lowered their target price for the company from $5.25 to $5.00 in a research note on Wednesday. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th.

Energy Vault Trading Down 2.8%

NRGV stock opened at $3.25 on Friday. The business has a fifty day moving average price of $4.39 and a 200 day moving average price of $4.20. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44. Energy Vault has a fifty-two week low of $1.02 and a fifty-two week high of $6.64. The stock has a market capitalization of $580.20 million, a price-to-earnings ratio of -4.58 and a beta of 1.17.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The business had revenue of $21.88 million during the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. Analysts expect that Energy Vault will post -0.61 EPS for the current fiscal year.

Insider Transactions at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

Several large investors have recently bought and sold shares of NRGV. Creative Planning lifted its stake in Energy Vault by 3.7% in the third quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after buying an additional 3,690 shares during the period. Osaic Holdings Inc. increased its stake in shares of Energy Vault by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock valued at $205,000 after acquiring an additional 4,897 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Energy Vault by 19.9% in the 1st quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock valued at $137,000 after acquiring an additional 6,900 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Energy Vault by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after acquiring an additional 7,742 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Energy Vault by 70.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after acquiring an additional 8,570 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Company Profile

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.