Energy Vault Holdings, Inc. (NYSE:NRGV) Receives $5.08 Average Price Target from Brokerages

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.0125.

Several research firms have weighed in on NRGV. Cantor Fitzgerald initiated coverage on Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price objective on the stock. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Wall Street Zen cut Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th.

Insider Activity at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the sale, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at $4,168,968.48. This represents a 5.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Forte Asset Management LLC purchased a new position 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 in the 3rd quarter worth approximately $36,000. XTX Topco Ltd bought a new position in Energy Vault during the 2nd quarter valued at approximately $39,000. Banco BTG Pactual S.A. bought a new position in Energy Vault during the 3rd quarter valued at approximately $43,000. Finally, Calamos Advisors LLC purchased a new position in Energy Vault during the first quarter valued at $48,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Energy Vault Stock Performance

NYSE:NRGV opened at $2.90 on Friday. The stock has a market cap of $516.03 million, a P/E ratio of -4.08 and a beta of 1.17. The firm’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $4.19. Energy Vault has a twelve month low of $1.02 and a twelve month high of $6.64. 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 announced 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 net margin of 52.97% and a negative return on equity of 171.09%. The company had revenue of $21.88 million for the quarter, compared to the consensus estimate of $20.72 million. As a group, research analysts predict that Energy Vault will post -0.61 EPS for the current year.

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.