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

Energy Vault Holdings, Inc. (NYSE:NRGV) has been given an average rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $5.8060.

NRGV has been the topic of several recent analyst reports. Citigroup upgraded Energy Vault from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Roth Capital restated a “buy” rating and issued a $7.00 price target (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Fundamental Research set a $8.03 price target on Energy Vault and gave the stock a “buy” rating in a research report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $7.00 price objective on shares of Energy Vault in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th.

Energy Vault Trading Up 6.7%

NRGV opened at $3.90 on Thursday. The firm’s fifty day moving average is $3.64 and its two-hundred day moving average is $3.91. The firm has a market cap of $694.28 million, a PE ratio of -5.90 and a beta of 1.21. Energy Vault has a twelve month low of $1.40 and a twelve month high of $6.64. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The firm had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Equities research analysts anticipate that Energy Vault will post -0.56 EPS for the current year.

Insider Activity at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dylan Hixon purchased 27,472 shares of Energy Vault stock in a transaction dated Monday, August 17th. The stock was bought at an average price of $3.88 per share, with a total value of $106,591.36. Following the acquisition, the director directly owned 27,472 shares of the company’s stock, valued at approximately $106,591.36. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Energy Vault in the 2nd quarter valued at about $52,657,000. Millennium Management LLC boosted its position in shares of Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after buying an additional 3,430,094 shares during the period. State Street Corp grew its holdings 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 worth $26,267,000 after buying an additional 5,181,624 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Energy Vault during the second quarter worth about $25,508,000. Finally, Marshall Wace LLP raised its position in Energy Vault by 132.7% in the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock valued at $14,725,000 after buying an additional 1,821,462 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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.