Energy Vault (NYSE:NRGV) Shares Gap Up – Here’s What Happened

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $4.01, but opened at $4.32. Energy Vault shares last traded at $4.2960, with a volume of 1,079,474 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NRGV. The Goldman Sachs Group upped 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Fundamental Research set a $5.19 target price on Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Energy Vault currently has an average rating of “Hold” and a consensus price target of $2.67.

Energy Vault Stock Up 2.1%

The firm has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $3.47. The company has a market capitalization of $534.41 million, a price-to-earnings ratio of -3.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59.

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

Insider Activity at Energy Vault

In related news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the completion of the transaction, the insider owned 15,535,631 shares in the company, valued at approximately $87,776,315.15. This trade represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total value of $245,500.00. Following the transaction, the chief financial officer directly owned 1,150,522 shares in the company, valued at $5,649,063.02. The trade was a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in 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 acquiring an additional 3,430,094 shares during the period. State Street Corp grew its holdings in shares of Energy Vault by 1,004.0% during the 4th quarter. State Street Corp now owns 5,697,735 shares of the company’s stock worth $26,267,000 after purchasing an additional 5,181,624 shares in the last quarter. Legal & General Group Plc bought a new stake in Energy Vault during the fourth quarter worth about $18,217,000. Marshall Wace LLP grew its stake in Energy Vault by 132.7% during the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after buying an additional 1,821,462 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Energy Vault by 20.4% in the 3rd 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 period. Institutional investors own 40.03% of the company’s stock.

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.