Energy Vault (NYSE:NRGV) Director Sells $426,650.00 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Stephanie Unwin sold 115,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total transaction of $426,650.00. Following the sale, the director directly owned 182,245 shares of the company’s stock, valued at approximately $676,128.95. This trade represents a 38.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Energy Vault Stock Up 1.4%

Shares of NYSE NRGV opened at $3.59 on Monday. The stock has a fifty day moving average price of $3.58 and a 200 day moving average price of $3.87. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault Holdings, Inc. has a 12-month low of $1.73 and a 12-month high of $6.64. The company has a market cap of $652.81 million, a P/E ratio of -5.44 and a beta of 1.21.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%.The company had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. Research analysts anticipate that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Energy Vault

Hedge funds have recently bought and sold shares of the business. Forte Asset Management LLC acquired a new position in shares of Energy Vault in the 1st quarter valued at approximately $33,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Energy Vault during the third quarter worth approximately $36,000. XTX Topco Ltd bought a new stake in shares of Energy Vault in the second quarter worth $39,000. Banco BTG Pactual S.A. acquired a new stake in Energy Vault in the third quarter valued at $43,000. Finally, Calamos Advisors LLC acquired a new stake in Energy Vault in the first quarter valued at $48,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NRGV shares. Citigroup upped their price target on Energy Vault from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings cut shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Fundamental Research set a $8.03 price target on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Four investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.01.

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.