Energy Vault (NYSE:NRGV) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Energy Vault (NYSE:NRGV) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on NRGV. The Goldman Sachs Group raised their target price on Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research note on Wednesday, November 12th. Fundamental Research set a $5.19 target price on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Energy Vault presently has a consensus rating of “Hold” and a consensus price target of $2.67.

Energy Vault Stock Down 4.5%

Shares of Energy Vault stock opened at $5.43 on Monday. The company has a market cap of $911.60 million, a P/E ratio of -5.76 and a beta of 0.91. The firm has a fifty day moving average of $4.04 and a two-hundred day moving average of $2.71. Energy Vault has a one year low of $0.60 and a one year high of $5.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $48.99 million. On average, analysts forecast that Energy Vault will post -0.64 earnings per share for the current year.

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the transaction, the chief financial officer directly owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Piconi acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the chief executive officer directly owned 20,207,242 shares in the company, valued at $60,621,726. This trade represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NRGV. Creative Planning boosted its stake in shares of Energy Vault by 3.7% during the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after acquiring an additional 3,690 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Energy Vault during the 3rd quarter worth approximately $36,000. Platform Technology Partners acquired a new position in shares of Energy Vault in the 3rd quarter worth approximately $40,000. Banco BTG Pactual S.A. bought a new position in Energy Vault during the third quarter worth $43,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Energy Vault by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after purchasing an additional 16,101 shares during the period. 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.