Energy Vault (NYSE:NRGV) Trading 8.1% Higher – Still a Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV) traded up 8.1% during mid-day trading on Tuesday . The company traded as high as $3.28 and last traded at $3.2650. Approximately 300,013 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 4,481,426 shares. The stock had previously closed at $3.02.

Analyst Upgrades and Downgrades

Several analysts have commented on NRGV shares. Cantor Fitzgerald began coverage on shares of Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Citigroup raised 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. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a research report 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. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Energy Vault presently has a consensus rating of “Hold” and a consensus price target of $5.01.

Energy Vault Price Performance

The firm has a market cap of $596.25 million, a P/E ratio of -4.71 and a beta of 1.17. The stock’s 50-day simple moving average is $4.45 and its two-hundred day simple moving average is $4.21. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44.

Energy Vault (NYSE:NRGV) last released 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). The business 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 research analysts forecast that Energy Vault Holdings, Inc. will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction on Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the sale, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at $4,168,968.48. The trade was a 5.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Energy Vault

Institutional investors have recently made changes to their positions in the company. RFG Advisory LLC purchased a new position in Energy Vault during the fourth quarter valued at approximately $1,560,000. UBS Group AG lifted its holdings in Energy Vault by 940.1% during the fourth quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock worth $7,104,000 after buying an additional 1,392,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Energy Vault during the 4th quarter valued at $1,805,000. Abacus Wealth Partners LLC bought a new stake in Energy Vault during the 4th quarter valued at $461,000. Finally, Legal & General Group Plc purchased a new position in shares of Energy Vault in the 4th quarter valued at $18,217,000. Hedge funds and other institutional investors 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.