Energy Vault Holdings, Inc. (NYSE:NRGV) Given Consensus Recommendation of “Hold” by Analysts

Energy Vault Holdings, Inc. (NYSE:NRGV) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $6.0060.

NRGV has been the topic of several research reports. Citigroup upped their price target on shares of Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wall Street Zen lowered Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Roth Capital reissued a “buy” rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 target price on shares of Energy Vault in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th.

Insider Activity at Energy Vault

In related news, Director Dylan Hixon bought 85,518 shares of the business’s stock in a transaction on Friday, August 14th. The shares were purchased at an average price of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the transaction, the director directly owned 31,864 shares of the company’s stock, valued at approximately $119,171.36. This represents a -159.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michael Beer sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by insiders.

Institutional Trading of Energy Vault

A number of hedge funds have recently made changes to their positions in NRGV. Forte Asset Management LLC acquired a new position in shares of Energy Vault during the first quarter worth $33,000. Mercer Global Advisors Inc. ADV acquired a new stake in Energy Vault in the third quarter valued at $36,000. XTX Topco Ltd acquired a new stake in Energy Vault in the second quarter valued at $39,000. Banco BTG Pactual S.A. bought a new position in Energy Vault during the 3rd quarter worth $43,000. Finally, Calamos Advisors LLC acquired a new position in Energy Vault during the 1st quarter worth about $48,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Price Performance

NRGV stock opened at $4.33 on Monday. The stock has a 50-day moving average price of $3.50 and a two-hundred day moving average price of $3.90. Energy Vault has a 1 year low of $2.01 and a 1 year high of $6.64. The stock has a market cap of $786.46 million, a PE ratio of -6.55 and a beta of 1.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07.

Energy Vault (NYSE:NRGV) last released its earnings results 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). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The company had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Equities analysts forecast that Energy Vault will post -0.56 EPS for the current fiscal year.

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.