Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold” for Energy Vault, with two sell, one hold and four buy ratings among seven analysts. The average 12-month price target is approximately $6.01, above the reported $3.88 share price.
• Recent analyst actions were generally positive: Cantor Fitzgerald, Roth Capital, Fundamental Research and Citigroup maintained or issued buy-equivalent ratings, while price targets ranged from $6.00 to $8.03.
• Energy Vault reported a quarterly loss of $0.17 per share, missing estimates by $0.03, although revenue of $17.37 million exceeded expectations. Insiders own 17.20% of the stock, while institutional investors and hedge funds own 40.03%.

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $6.0060.

Several research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $7.00 price target on shares of Energy Vault in a research note on Wednesday, August 12th. Roth Capital restated a "buy" rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Fundamental Research set a $8.03 target price on shares of Energy Vault and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Citigroup upped their price target on shares of Energy Vault from $5.00 to $6.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Finally, Zacks Research upgraded shares of Energy Vault from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th.

Insiders Place Their Bets

In related news, Director Dylan Hixon acquired 85,518 shares of Energy Vault stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the transaction, the director directly owned 31,864 shares of the company's stock, valued at $119,171.36. The trade was a -159.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael Beer sold 65,000 shares of the business's 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Forte Asset Management LLC acquired a new stake in shares of Energy Vault during the first quarter worth $33,000. Quantbot Technologies LP acquired a new position in Energy Vault in the second quarter valued at $50,000. Kovack Advisors Inc. purchased a new position in Energy Vault during the fourth quarter worth about $49,000. Hsbc Holdings PLC acquired a new stake in Energy Vault in the 4th quarter worth about $53,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Energy Vault in the 3rd quarter worth about $36,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Stock Performance

NYSE NRGV opened at $3.88 on Monday. Energy Vault has a 1-year low of $1.73 and a 1-year high of $6.64. The company has a market capitalization of $705.54 million, a P/E ratio of -5.88 and a beta of 1.24. The business has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.87. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). The firm 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 236.83% and a negative net margin of 48.58%. Sell-side analysts expect that Energy Vault will post -0.56 EPS for the current fiscal year.

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.

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