Energy Vault Holdings, Inc. (NYSE:NRGV) Given Average Rating of “Hold” by Brokerages

Energy Vault Holdings, Inc. (NYSE:NRGV) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $2.6725.

A number of equities research analysts recently issued reports on the company. Fundamental Research set a $5.19 price objective on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. The Goldman Sachs Group boosted their price target on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a report on Tuesday, October 14th. Finally, Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th.

Energy Vault Stock Up 16.1%

Energy Vault stock opened at $5.71 on Wednesday. The firm has a 50 day moving average price of $4.04 and a 200-day moving average price of $2.71. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. Energy Vault has a twelve month low of $0.60 and a twelve month high of $5.90. The company has a market capitalization of $958.75 million, a P/E ratio of -6.01 and a beta of 0.91.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%. The firm had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $48.99 million. As a group, equities analysts predict that Energy Vault will post -0.64 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the sale, the chief financial officer directly owned 1,150,522 shares in the company, valued at $5,649,063.02. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert Piconi purchased 10,000 shares of the stock in a transaction dated Friday, November 14th. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the chief executive officer owned 20,207,242 shares of the company’s stock, valued at approximately $60,621,726. This represents a 0.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 19.80% of the company’s stock.

Institutional Trading of Energy Vault

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after purchasing an additional 3,430,094 shares during the period. Vanguard Group Inc. boosted its stake in Energy Vault by 20.4% during the third quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock valued at $5,416,000 after buying an additional 308,509 shares during the period. Jane Street Group LLC boosted its stake in Energy Vault by 579.7% during the second quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock valued at $678,000 after buying an additional 806,576 shares during the period. Private Capital Advisors Inc. grew its position in Energy Vault by 41.0% during the second 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. Finally, Goldman Sachs Group Inc. increased its stake in Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after acquiring an additional 16,101 shares during the last quarter. 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.