Energy Vault (NYSE:NRGV) Given Overweight Rating at Cantor Fitzgerald

Energy Vault (NYSE:NRGV)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a note issued to investors on Wednesday,Benzinga reports. They presently have a $7.00 price target on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 93.10% from the stock’s previous close.

Several other equities analysts have also recently weighed in on NRGV. Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and cut their price target for the company from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Finally, Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.01.

Energy Vault Trading Up 8.5%

Energy Vault stock opened at $3.62 on Wednesday. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50-day moving average of $3.83 and a 200-day moving average of $3.97. The company has a market cap of $646.16 million, a price-to-earnings ratio of -5.11 and a beta of 1.21. Energy Vault has a one year low of $1.34 and a one year high of $6.64.

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 the consensus estimate of ($0.14) by ($0.03). The company had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. On average, equities analysts expect that Energy Vault will post -0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at $4,168,968.48. This represents a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NRGV. Forte Asset Management LLC acquired a new stake in shares of Energy Vault in the 1st quarter valued at approximately $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 bought a new position in shares of Energy Vault during the second quarter worth about $39,000. Banco BTG Pactual S.A. bought a new stake in shares of Energy Vault during the 3rd quarter valued at about $43,000. Finally, Calamos Advisors LLC bought a new position in shares of Energy Vault during the 1st quarter worth approximately $48,000. 40.03% of the stock is owned by institutional investors.

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.