Energy Vault (NYSE:NRGV) Sets New 12-Month High – Still a Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $5.99 and last traded at $6.0450, with a volume of 2420574 shares traded. The stock had previously closed at $5.62.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NRGV shares. Fundamental Research set a $5.19 price objective on Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a report on Wednesday, November 12th. Finally, Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Energy Vault has an average rating of “Hold” and a consensus target price of $2.67.

Energy Vault Trading Up 7.5%

The business’s fifty day moving average is $4.25 and its two-hundred day moving average is $2.88. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -6.36 and a beta of 0.91.

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

Insider Transactions at Energy Vault

In other news, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the transaction, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at approximately $5,649,063.02. This trade represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Piconi purchased 10,000 shares of the stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of $3.00 per share, with a total value of $30,000.00. Following the transaction, the chief executive officer owned 20,207,242 shares in the company, valued at $60,621,726. This trade represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 19.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Vault

A number of hedge funds and other institutional investors have recently bought and sold shares of NRGV. Private Capital Advisors Inc. raised its position in shares of Energy Vault by 41.0% during the 2nd quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock valued at $493,000 after acquiring an additional 200,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Energy Vault during the second quarter worth $156,000. Catalyst Funds Management Pty Ltd bought a new stake in Energy Vault in the second quarter valued at about $36,000. Mesirow Financial Investment Management Inc. lifted its stake in Energy Vault by 19.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 125,000 shares of the company’s stock valued at $90,000 after buying an additional 20,000 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in 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 buying an additional 16,101 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

About Energy Vault

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.