Energy Vault (NYSE:NRGV) Posts Earnings Results, Misses Expectations By $0.06 EPS

Energy Vault (NYSE:NRGV) announced its quarterly earnings data on Monday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06), Zacks reports. Energy Vault had a negative net margin of 172.61% and a negative return on equity of 111.85%. The business had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $48.99 million. Energy Vault updated its FY 2025 guidance to EPS.

Energy Vault Trading Up 20.1%

NRGV opened at $4.27 on Wednesday. Energy Vault has a one year low of $0.60 and a one year high of $4.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50 day simple moving average of $3.12 and a two-hundred day simple moving average of $1.78. The firm has a market capitalization of $690.29 million, a price-to-earnings ratio of -4.49 and a beta of 0.94.

Insiders Place Their Bets

In related news, Director Dylan Hixon purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average price of $1.92 per share, for a total transaction of $38,400.00. Following the completion of the acquisition, the director directly owned 900,065 shares in the company, valued at approximately $1,728,124.80. The trade was a 2.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Piconi acquired 50,000 shares of Energy Vault stock in a transaction on Wednesday, September 17th. The shares were bought at an average cost of $2.30 per share, for a total transaction of $115,000.00. Following the completion of the transaction, the chief executive officer owned 20,182,384 shares in the company, valued at approximately $46,419,483.20. This trade represents a 0.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 132,400 shares of company stock valued at $288,130 and sold 200,000 shares valued at $584,000. Company insiders own 19.80% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in shares of Energy Vault by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after buying an additional 16,101 shares during the period. XTX Topco Ltd bought a new stake in Energy Vault during the 2nd quarter valued at approximately $39,000. Tower Research Capital LLC TRC boosted its position in Energy Vault by 570.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company’s stock valued at $57,000 after acquiring an additional 67,199 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Energy Vault by 381.1% during the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after acquiring an additional 83,410 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Energy Vault by 201.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock worth $125,000 after acquiring an additional 118,641 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NRGV shares. The Goldman Sachs Group boosted their price target on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a report on Tuesday, October 14th. Fundamental Research set a $4.87 target price on Energy Vault and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Energy Vault presently has a consensus rating of “Hold” and a consensus target price of $2.59.

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.