Energy Vault Holdings, Inc. (NRGV) – What Are Investment Firms Thinking About This Stock?

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.76.

A number of equities analysts have issued reports on NRGV shares. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 price objective on shares of Energy Vault in a research note on Wednesday, August 12th. Citigroup dropped their target price on Energy Vault from $6.00 to $4.75 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Wall Street Zen cut Energy Vault from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Roth Capital reaffirmed a “buy” rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th.

Energy Vault Stock Performance

Shares of NRGV stock opened at $2.94 on Tuesday. The firm has a market capitalization of $535.52 million, a PE ratio of -4.46 and a beta of 1.25. The firm has a fifty day simple moving average of $3.63 and a two-hundred day simple moving average of $3.92. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault has a 12 month low of $2.46 and a 12 month high of $6.64.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. The business had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Analysts forecast that Energy Vault will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling at Energy Vault

In other news, Director Dylan Hixon purchased 27,472 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of $3.88 per share, with a total value of $106,591.36. Following the completion of the transaction, the director directly owned 27,472 shares of the company’s stock, valued at approximately $106,591.36. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephanie Unwin sold 115,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total transaction of $426,650.00. Following the completion of the sale, the director directly owned 182,245 shares of the company’s stock, valued at $676,128.95. The trade was a 38.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Energy Vault by 16.1% during the 3rd quarter. Covestor Ltd now owns 143,237 shares of the company’s stock worth $569,000 after buying an additional 19,855 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Energy Vault by 153.2% in the third quarter. Sterling Capital Management LLC now owns 9,111 shares of the company’s stock valued at $36,000 after acquiring an additional 5,512 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Energy Vault in the third quarter valued at approximately $633,000. Edge Wealth Management LLC bought a new position in shares of Energy Vault in the third quarter valued at approximately $219,000. Finally, Private Capital Advisors Inc. purchased a new stake in shares of Energy Vault during the third quarter valued at approximately $316,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

About Energy Vault

Energy Vault Holdings, Inc develops and deploys utility-scale energy storage solutions designed to help integrate renewable power into electric grids. Its technologies are intended to store electricity during periods of excess generation and release it when demand is higher, supporting grid reliability and the broader transition to renewable energy.

The company’s portfolio includes gravity-based energy storage systems, battery energy storage systems and hybrid configurations. Its gravity storage platform, including the EVx system, uses mechanical processes to store and discharge energy, while its battery offerings are designed for applications such as renewable energy integration, capacity management and grid balancing.