Energy Vault (NYSE:NRGV) Earns “Overweight” Rating from Cantor Fitzgerald

Energy Vault (NYSE:NRGV)‘s stock had its “overweight” rating restated by equities researchers at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They currently have a $7.00 target price on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 93.10% from the stock’s previous close.

Several other brokerages have also issued reports on NRGV. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Citigroup upgraded Energy Vault from a “neutral” rating to a “buy” rating and cut their target price for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Energy Vault presently has an average rating of “Hold” and an average target price of $5.01.

Energy Vault Trading Up 8.5%

NRGV opened at $3.62 on Wednesday. The company has a fifty day moving average price of $3.83 and a two-hundred day moving average price of $3.97. Energy Vault has a 1-year low of $1.34 and a 1-year high of $6.64. The company has a market cap of $646.16 million, a P/E ratio of -5.11 and a beta of 1.21. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 4.94.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The company had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. Analysts predict that Energy Vault will post -0.6 EPS for the current fiscal year.

Insider Buying and Selling at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the company’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 sale, the chief financial officer owned 1,021,806 shares in the company, valued at $4,168,968.48. This represents a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.20% of the stock is owned by corporate insiders.

Institutional Trading of Energy Vault

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRGV. Forte Asset Management LLC purchased a new stake in shares of Energy Vault in the first quarter worth approximately $33,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Energy Vault during the third quarter valued at approximately $36,000. XTX Topco Ltd purchased a new position in shares of Energy Vault during the second quarter valued at approximately $39,000. Banco BTG Pactual S.A. purchased a new stake in shares of Energy Vault during the third quarter valued at approximately $43,000. Finally, Calamos Advisors LLC bought a new position in Energy Vault during the first quarter valued at about $48,000. 40.03% of the stock is owned by institutional investors.

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.