Energy Vault Holdings, Inc. (NYSE:NRGV) Given Average Rating of “Reduce” by Analysts

Energy Vault Holdings, Inc. (NYSE:NRGV) has been given an average recommendation of “Reduce” by the five research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.0167.

Several analysts have recently commented on NRGV shares. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Fundamental Research set a $6.05 price objective on Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Cantor Fitzgerald started coverage on Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 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. Finally, Zacks Research downgraded Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th.

Energy Vault Stock Performance

Shares of Energy Vault stock opened at $5.85 on Friday. The company has a market cap of $1.04 billion, a PE ratio of -8.24 and a beta of 1.15. Energy Vault has a 52 week low of $0.65 and a 52 week high of $6.40. The business has a 50 day moving average price of $4.32 and a 200-day moving average price of $4.23. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company 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%. Equities analysts anticipate that Energy Vault will post -0.61 earnings per share for the current fiscal year.

Insider Activity at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $3.18, for a total transaction 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 approximately $3,373,805.10. This trade represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

Institutional investors and hedge funds have recently modified their holdings of the business. Forte Asset Management LLC purchased a new stake in shares of Energy Vault during the first quarter valued at approximately $33,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Energy Vault during the third quarter valued at approximately $36,000. XTX Topco Ltd purchased a new stake in shares of Energy Vault during the second quarter valued at approximately $39,000. Banco BTG Pactual S.A. purchased a new stake in shares of Energy Vault during the third quarter valued at approximately $43,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Energy Vault during the first quarter valued at approximately $48,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.