Energy Vault Holdings, Inc. (NYSE:NRGV) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst consensus is “Hold”: Seven firms cover Energy Vault, with four buys, one hold, and two sells. The average 12-month price target is $5.76.
• Shares are under pressure: NRGV opened at $2.60, near its 52-week low of $2.46, and below its 50-day and 200-day moving averages. The company also reported a quarterly EPS loss of $0.17, missing estimates, despite revenue exceeding expectations.
• Ownership activity was mixed: BlackRock and Legal & General established sizable positions, while one director sold 115,000 shares and another bought 27,472 shares. Insiders own 17.20% of the company, while institutional investors hold 40.03%.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) has received an average rating of "Hold" from the seven research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.76.

A number of research analysts recently issued reports on NRGV shares. Fundamental Research set a $8.03 price objective on Energy Vault and gave the company a "buy" rating in a research note on Tuesday, August 18th. Wall Street Zen cut shares of Energy Vault from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Weiss Ratings downgraded shares of Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, August 12th. Citigroup lowered their price target on shares of Energy Vault from $6.00 to $4.75 and set a "buy" rating on the stock in a report on Wednesday, October 21st. Finally, Roth Capital reiterated a "buy" rating and issued a $7.00 price target (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th.

Insider Buying and Selling at Energy Vault

In related news, Director Stephanie Unwin sold 115,000 shares of Energy Vault stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total transaction of $426,650.00. Following the transaction, the director owned 182,245 shares in the company, valued at approximately $676,128.95. The trade was a 38.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dylan Hixon bought 27,472 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $3.88 per share, with a total value of $106,591.36. Following the acquisition, the director directly owned 27,472 shares in the company, valued at $106,591.36. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 17.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Vault

Several large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Energy Vault in the second quarter worth about $52,657,000. Legal & General Group Plc purchased a new stake in shares of Energy Vault during the second quarter worth about $25,508,000. SailingStone Capital Partners LLC grew its position in shares of Energy Vault by 0.5% during the second quarter. SailingStone Capital Partners LLC now owns 4,469,075 shares of the company's stock worth $21,049,000 after purchasing an additional 24,058 shares in the last quarter. J. Goldman & Co LP bought a new stake in Energy Vault during the 2nd quarter valued at approximately $7,085,000. Finally, Tidal Investments LLC raised its stake in Energy Vault by 105.9% during the 2nd quarter. Tidal Investments LLC now owns 688,592 shares of the company's stock valued at $3,243,000 after purchasing an additional 354,220 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Energy Vault Stock Performance

NYSE:NRGV opened at $2.60 on Tuesday. The stock has a 50-day simple moving average of $3.70 and a two-hundred day simple moving average of $3.98. Energy Vault has a 52-week low of $2.46 and a 52-week high of $6.64. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $473.69 million, a PE ratio of -3.95 and a beta of 1.25.

Energy Vault (NYSE:NRGV - Get Free Report) last issued its quarterly 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). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. The company had revenue of $17.37 million during the quarter, compared to analysts' expectations of $14.24 million. Analysts forecast that Energy Vault will post -0.56 EPS for the current year.

About Energy Vault

Energy Vault Holdings, Inc develops and deploys utility-scale energy storage solutions designed to help integrate renewable power into electric grids. Its technologies are intended to store electricity during periods of excess generation and release it when demand is higher, supporting grid reliability and the broader transition to renewable energy.

The company's portfolio includes gravity-based energy storage systems, battery energy storage systems and hybrid configurations. Its gravity storage platform, including the EVx system, uses mechanical processes to store and discharge energy, while its battery offerings are designed for applications such as renewable energy integration, capacity management and grid balancing.

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