Energy Vault (NYSE:NRGV) Trading Up 6.6% – What’s Next?

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) were up 6.6% during trading on Tuesday . The company traded as high as $5.51 and last traded at $5.7350. Approximately 383,891 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 2,715,090 shares. The stock had previously closed at $5.38.

Analysts Set New Price Targets

NRGV has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research report on Wednesday, November 12th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a report on Friday. Finally, Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.67.

Energy Vault Price Performance

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 company has a 50 day simple moving average of $4.20 and a 200-day simple moving average of $2.84. The stock has a market cap of $947.85 million, a price-to-earnings ratio of -5.95 and a beta of 0.91.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $48.99 million. As a group, research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Energy Vault news, CEO Robert Piconi acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of $3.00 per share, with a total value of $30,000.00. Following the transaction, the chief executive officer directly owned 20,207,242 shares in the company, valued at approximately $60,621,726. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Thomas Beer sold 50,000 shares of the 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 sale, the chief financial officer owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This trade represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energy Vault

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in shares of Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the last quarter. Jane Street Group LLC increased its position in Energy Vault by 579.7% in the second quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock worth $678,000 after buying an additional 806,576 shares during the period. Vanguard Group Inc. lifted its stake in Energy Vault by 20.4% in the third quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock valued at $5,416,000 after buying an additional 308,509 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Energy Vault during the second quarter valued at $206,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Energy Vault in the 2nd quarter worth about $156,000. 40.03% of the stock is owned by institutional investors.

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.