Energy Vault (NYSE:NRGV) Shares Down 8.7% – What’s Next?

Energy Vault Holdings, Inc. (NYSE:NRGV) shares fell 8.7% on Monday . The stock traded as low as $5.33 and last traded at $5.4120. 451,460 shares were traded during trading, a decline of 89% from the average session volume of 3,949,768 shares. The stock had previously closed at $5.93.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NRGV. The Goldman Sachs Group upped 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 target on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Cantor Fitzgerald started coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $5.02.

Energy Vault Stock Performance

The company has a market cap of $891.69 million, a price-to-earnings ratio of -7.23 and a beta of 1.14. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $3.84 and its 200 day simple moving average is $4.07.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) 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 analyst estimates of $20.72 million. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 144.72%. As a group, analysts anticipate that Energy Vault Holdings, Inc. will post -0.61 earnings per share for the current year.

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction dated Monday, April 6th. The shares were 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 owned 1,060,945 shares in the company, valued at approximately $3,373,805.10. This represents a 5.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have bought 16,950 shares of company stock valued at $55,062. 17.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Energy Vault

A number of hedge funds have recently bought and sold shares of the business. Creative Planning raised its holdings in Energy Vault by 3.7% in the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after acquiring an additional 3,690 shares during the last quarter. Osaic Holdings Inc. grew its stake 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 grew its stake 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 during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Energy Vault by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after buying an additional 7,742 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Energy Vault by 70.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock valued at $96,000 after buying an additional 8,570 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.