Energy Vault Sees Unusually High Options Volume (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 9,441 call options on the company. This represents an increase of approximately 201% compared to the average volume of 3,132 call options.

Insider Activity

In other Energy Vault news, CEO Robert Piconi bought 50,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were acquired at an average cost of $2.30 per share, with a total value of $115,000.00. Following the completion of the transaction, the chief executive officer owned 20,182,384 shares in the company, valued at $46,419,483.20. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $2.17, for a total value of $108,500.00. Following the sale, the chief financial officer owned 1,216,103 shares of the company’s stock, valued at approximately $2,638,943.51. This trade represents a 3.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders purchased 132,400 shares of company stock valued at $288,130 and sold 200,000 shares valued at $584,000. Insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Energy Vault by 20.4% in the third quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock valued at $5,416,000 after acquiring an additional 308,509 shares during the period. Jane Street Group LLC grew its holdings in Energy Vault by 579.7% during the second quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock valued at $678,000 after purchasing an additional 806,576 shares during the period. Private Capital Advisors Inc. increased its stake in 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 during the period. Finally, Marshall Wace LLP bought a new position in Energy Vault in the second quarter valued at approximately $206,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NRGV. The Goldman Sachs Group raised their price target on shares of Energy Vault from $0.50 to $1.50 and gave the company a “sell” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a report on Tuesday, October 14th. Finally, Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Energy Vault currently has an average rating of “Reduce” and a consensus price target of $1.67.

Energy Vault Trading Up 29.7%

Shares of NRGV stock traded up $1.06 during trading hours on Tuesday, reaching $4.61. 8,706,806 shares of the stock traded hands, compared to its average volume of 2,004,460. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $745.32 million, a PE ratio of -4.75 and a beta of 0.94. Energy Vault has a 1-year low of $0.60 and a 1-year high of $4.85. The business has a fifty day moving average price of $3.07 and a 200 day moving average price of $1.75.

Energy Vault (NYSE:NRGV) last announced its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). The firm had revenue of $33.32 million for the quarter, compared to analyst estimates of $48.99 million. Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. Energy Vault has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Energy Vault will post -0.64 EPS for the current year.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.