Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Recommendation of “Hold” from Brokerages

Energy Vault Holdings, Inc. (NYSE:NRGV) has received a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.0750.

A number of equities analysts have recently weighed in on NRGV shares. Citigroup began coverage on Energy Vault in a research note on Thursday, June 11th. They issued a “neutral” rating and a $5.25 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Fundamental Research set a $6.05 price objective on shares of Energy Vault and gave the company a “buy” rating in a report on Tuesday, March 24th.

Insider Activity at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the transaction, the chief financial officer owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after purchasing an additional 3,430,094 shares in the last quarter. State Street Corp grew its position in shares of Energy Vault by 1,004.0% during the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after purchasing an additional 5,181,624 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Energy Vault in the fourth quarter worth about $18,217,000. Marshall Wace LLP increased its holdings in shares of Energy Vault by 132.7% in the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after purchasing an additional 1,821,462 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Energy Vault in the fourth quarter worth about $11,454,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Energy Vault Stock Up 0.8%

NRGV opened at $3.06 on Friday. The stock has a market cap of $546.32 million, a price-to-earnings ratio of -4.32 and a beta of 1.17. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s fifty day moving average is $4.58 and its 200 day moving average is $4.25. Energy Vault has a fifty-two week low of $0.80 and a fifty-two week high of $6.64.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The business had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. On average, sell-side analysts forecast that Energy Vault will post -0.61 earnings per share for the current fiscal year.

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.