Fundamental Research Reiterates “$5.19” Price Target for Energy Vault (NYSE:NRGV)

Energy Vault (NYSE:NRGV) has been assigned a $5.19 price target by equities researchers at Fundamental Research in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price would indicate a potential upside of 59.94% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group raised their price objective on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.67.

Energy Vault Price Performance

NRGV traded up $0.08 on Tuesday, reaching $3.25. 1,717,533 shares of the company’s stock were exchanged, compared to its average volume of 2,058,506. Energy Vault has a twelve month low of $0.60 and a twelve month high of $4.85. The stock has a market cap of $525.20 million, a PE ratio of -3.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. The stock’s fifty day moving average price is $3.21 and its 200-day moving average price is $1.85.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). The business had revenue of $33.32 million during the quarter, compared to analyst estimates of $48.99 million. Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%. Energy Vault has set its FY 2025 guidance at EPS. Sell-side analysts expect that Energy Vault will post -0.64 EPS for the current year.

Insider Activity at Energy Vault

In other news, Director Dylan Hixon bought 20,000 shares of the company’s stock in a transaction on Friday, August 29th. The stock was bought at an average cost of $1.92 per share, with a total value of $38,400.00. Following the transaction, the director directly owned 900,065 shares in the company, valued at $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 hyperlink. Also, CEO Robert Piconi purchased 50,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were acquired at an average price of $2.30 per share, for a total transaction of $115,000.00. Following the completion of the purchase, the chief executive officer directly owned 20,182,384 shares of the company’s stock, valued at approximately $46,419,483.20. This trade represents a 0.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 142,400 shares of company stock worth $318,130 and sold 200,000 shares worth $584,000. 19.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NRGV. Private Capital Advisors Inc. lifted its holdings in Energy Vault by 41.0% during the 2nd quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock worth $493,000 after buying an additional 200,000 shares in the last quarter. Nuveen LLC acquired a new position in shares of Energy Vault in the first quarter worth $190,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Energy Vault during the second quarter worth $156,000. Mesirow Financial Investment Management Inc. raised its stake in shares of Energy Vault by 19.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 125,000 shares of the company’s stock valued at $90,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted 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 valued at $277,000 after purchasing an additional 16,101 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Company Profile

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.