Energy Vault (NYSE:NRGV) Shares Gap Down – What’s Next?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $4.06, but opened at $3.37. Energy Vault shares last traded at $3.2230, with a volume of 8,224,430 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on NRGV. Fundamental Research set a $5.19 price target on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group raised their target price on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Finally, Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.67.

Energy Vault Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $4.94 and a 200 day moving average price of $3.48. The stock has a market capitalization of $534.41 million, a price-to-earnings ratio of -3.35 and a beta of 0.91.

Insider Buying and Selling

In other news, CFO Michael Thomas Beer sold 50,000 shares of Energy Vault stock in a transaction dated 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 owned 1,150,522 shares in the company, valued at $5,649,063.02. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the business’s 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 sale, the insider directly owned 15,535,631 shares of the company’s stock, valued at $87,776,315.15. This represents a 16.19% 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

Large investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of Energy Vault by 1,004.0% in the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after acquiring an additional 5,181,624 shares in the last quarter. Legal & General Group Plc purchased a new position in Energy Vault in the 4th quarter valued at $18,217,000. Millennium Management LLC boosted its stake in Energy Vault by 141.2% during 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. Marshall Wace LLP grew its holdings in shares of 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, UBS Group AG raised its position in shares of Energy Vault by 940.1% in the fourth quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock valued at $7,104,000 after buying an additional 1,392,923 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other 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.