Energy Vault (NYSE:NRGV) Shares Gap Up – Time to Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV) shares gapped up before the market opened on Wednesday . The stock had previously closed at $3.58, but opened at $4.18. Energy Vault shares last traded at $4.0850, with a volume of 2,318,640 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NRGV. Weiss Ratings cut shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 price target on shares of Energy Vault in a research report on Wednesday. Citigroup raised shares of Energy Vault from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen lowered shares of Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.41.

Energy Vault Trading Down 5.2%

The company has a market capitalization of $662.73 million, a PE ratio of -5.63 and a beta of 1.21. The company has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $3.95. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 4.94.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The company had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $14.24 million. Energy Vault had a negative return on equity of 184.45% and a negative net margin of 48.58%. Analysts predict that Energy Vault Holdings, Inc. will post -0.6 EPS for the current year.

Insider Transactions at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total transaction of $265,200.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. RFG Advisory LLC acquired a new position in shares of Energy Vault in the 4th quarter valued at $1,560,000. UBS Group AG grew its holdings in shares of Energy Vault by 940.1% during the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock worth $7,104,000 after purchasing an additional 1,392,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Energy Vault during the 4th quarter worth about $1,805,000. Swiss National Bank acquired a new stake in shares of Energy Vault during the 1st quarter worth about $581,000. Finally, Monashee Investment Management LLC purchased a new stake in Energy Vault in the 1st quarter valued at about $582,000. 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.