Energy Vault (NYSE:NRGV) Shares Up 13.2% – Still a Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price shot up 13.2% during mid-day trading on Monday . The company traded as high as $5.09 and last traded at $5.1280. 3,082,040 shares changed hands during trading, a decline of 18% from the average session volume of 3,773,309 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

A number of research firms recently issued reports on NRGV. Fundamental Research set a $6.05 target price on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday, March 24th. The Goldman Sachs Group boosted their target price on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a research report on Thursday, March 19th. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Cantor Fitzgerald began coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 target price on the stock. Two analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Energy Vault currently has an average rating of “Reduce” and a consensus price target of $5.02.

Energy Vault Price Performance

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average price is $3.67 and its 200-day moving average price is $4.01.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Energy Vault had a negative return on equity of 144.72% and a negative net margin of 52.97%.The firm had revenue of $21.88 million during the quarter, compared to the consensus estimate of $20.72 million. Analysts forecast that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the sale, the chief financial officer owned 1,060,945 shares in the company, valued at $3,373,805.10. This represents a 5.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have acquired 16,950 shares of company stock valued at $55,062. Corporate insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

Several institutional investors have recently added to or reduced their stakes in NRGV. State Street Corp grew its position in Energy Vault by 1,004.0% during the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after buying an additional 5,181,624 shares during the period. Legal & General Group Plc bought a new position in Energy Vault during the fourth quarter valued at about $18,217,000. Millennium Management LLC grew its position in Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after buying an additional 3,430,094 shares during the period. Invesco Ltd. bought a new position in Energy Vault during the fourth quarter valued at about $11,454,000. Finally, Marshall Wace LLP grew its position in Energy Vault by 132.7% during the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock valued at $14,725,000 after buying an additional 1,821,462 shares during the period. Institutional investors own 40.03% of the company’s stock.

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.