Energy Vault Holdings, Inc. (NYSE:NRGV) Receives $2.67 Average PT from Analysts

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been assigned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $2.6725.

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research report on Wednesday, November 12th. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th.

Energy Vault Stock Up 1.1%

NRGV stock opened at $5.21 on Friday. The company has a market capitalization of $873.35 million, a P/E ratio of -5.48 and a beta of 0.91. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $3.21. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. Energy Vault has a twelve month low of $0.60 and a twelve month high of $6.35.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.16) 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 business had revenue of $33.32 million during the quarter, compared to analyst estimates of $48.99 million. On average, equities research analysts predict that Energy Vault will post -0.64 earnings per share for the current fiscal year.

Insider Activity at Energy Vault

In other Energy Vault news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the completion of the sale, the insider owned 15,535,631 shares of the company’s stock, valued at $87,776,315.15. This trade represents a 16.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of Energy Vault stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the sale, the chief financial officer directly owned 1,150,522 shares of the company’s stock, valued at approximately $5,649,063.02. The trade was a 4.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 19.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Vault

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted its position in shares of Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after buying an additional 3,430,094 shares during the period. Vanguard Group Inc. boosted its position in Energy Vault by 20.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock worth $5,416,000 after acquiring an additional 308,509 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Energy Vault by 579.7% during the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock worth $678,000 after acquiring an additional 806,576 shares in the last quarter. Private Capital Advisors Inc. raised its holdings in shares of Energy Vault by 41.0% in the second quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock valued at $493,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Energy Vault by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after purchasing an additional 16,101 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

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.