Energy Vault Holdings, Inc. (NYSE:NRGV) Given Average Rating of "Hold" by Analysts

Key Points

• Energy Vault has a consensus analyst rating of “Hold”, based on six covering firms: two sell, two hold, and two buy ratings. The average 12-month price target is about $5.08.
• The company reported mixed quarterly results, with EPS of -$0.20 missing estimates while revenue of $21.88 million came in above expectations. Analysts expect the company to post a full-year loss of $0.61 per share.
• Insider activity included CFO Michael Thomas Beer selling 65,000 shares at $4.08 each, reducing his stake by about 6%. Institutional ownership remains significant, with hedge funds and other investors holding roughly 40% of the stock.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) has been given a consensus recommendation of "Hold" by the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.0750.

Several research analysts have issued reports on the company. Citigroup began coverage on Energy Vault in a research report on Thursday, June 11th. They issued a "neutral" rating and a $5.25 target price on the stock. Wall Street Zen lowered shares of Energy Vault from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. Zacks Research upgraded shares of Energy Vault from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Cantor Fitzgerald began coverage on shares of Energy Vault in a report on Tuesday, May 5th. They issued an "overweight" rating and a $7.00 price objective on the stock. Finally, Fundamental Research set a $6.05 target price on shares of Energy Vault and gave the company a "buy" rating in a research report on Tuesday, March 24th.

Energy Vault Price Performance

NYSE NRGV opened at $3.06 on Friday. The stock has a market capitalization of $546.32 million, a price-to-earnings ratio of -4.32 and a beta of 1.17. Energy Vault has a 1-year low of $0.80 and a 1-year high of $6.64. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44. The business's fifty day moving average price is $4.58 and its 200-day moving average price is $4.25.

Energy Vault (NYSE:NRGV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The firm had revenue of $21.88 million during the quarter, compared to the consensus estimate of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. On average, equities analysts predict that Energy Vault will post -0.61 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction on 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 owned 1,021,806 shares in the company, valued at $4,168,968.48. This trade represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 17.20% of the company's stock.

Institutional Investors Weigh In On Energy Vault

Several hedge funds and other institutional investors have recently modified their holdings of NRGV. RFG Advisory LLC purchased a new position in shares of Energy Vault during the 4th quarter valued at about $1,560,000. UBS Group AG increased its holdings in Energy Vault by 940.1% in the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company's stock worth $7,104,000 after acquiring an additional 1,392,923 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Energy Vault during the 4th quarter worth approximately $1,805,000. Abacus Wealth Partners LLC bought a new stake in Energy Vault during the 4th quarter worth approximately $461,000. Finally, Legal & General Group Plc purchased a new position in Energy Vault during the fourth quarter valued at approximately $18,217,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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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