Energy Vault (NYSE:NRGV) Upgraded at Citigroup

Energy Vault (NYSE:NRGV) was upgraded by equities researchers at Citigroup to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other analysts have also recently weighed in on NRGV. Wall Street Zen cut Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Cantor Fitzgerald began coverage on shares of Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a research report on Thursday, March 19th. 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $5.08.

Energy Vault Stock Down 3.2%

Shares of NRGV opened at $4.30 on Thursday. The business’s fifty day moving average price is $4.53 and its two-hundred day moving average price is $4.32. The firm has a market capitalization of $765.76 million, a price-to-earnings ratio of -6.05 and a beta of 1.15. Energy Vault has a 52 week low of $0.65 and a 52 week high of $6.64. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44.

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

Insider Activity

In other news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the sale, the chief financial officer directly owned 1,060,945 shares of the company’s stock, valued at $3,373,805.10. This represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NRGV. Creative Planning raised its holdings in Energy Vault by 3.7% in the third quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after purchasing an additional 3,690 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Energy Vault by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock valued at $205,000 after buying an additional 4,897 shares during the period. Bank of Nova Scotia increased its position in shares of Energy Vault by 19.9% in the 1st quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock valued at $137,000 after buying an additional 6,900 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Energy Vault by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after buying an additional 7,742 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after acquiring an additional 8,570 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.