Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Average Rating of "Reduce" from Analysts

Key Points

• Analyst consensus: Five analysts give Energy Vault a consensus rating of "Reduce" (three sell, two buy) with an average 1-year price target of about $5.02.
• Recent results & valuation: The company missed EPS expectations (reported -$0.13 vs. -$0.07 est.), has significant negative margins and ROE, and trades around $4.43 with a 12-month range of $0.65–$6.35 and a market cap of roughly $765 million.
• Insider and institutional activity: CFO Michael Beer sold 65,000 shares (reducing his stake), insiders own 17.2% while institutions/hedge funds own ~40.0%, with large recent increases from State Street, Millennium and others.

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) have been assigned a consensus rating of "Reduce" from the five research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.0167.

Several equities research analysts have commented on the stock. Fundamental Research set a $6.05 target price on shares of Energy Vault and gave the company a "buy" rating in a research note on Tuesday, March 24th. Zacks Research downgraded Energy Vault from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 17th. Cantor Fitzgerald began coverage on shares of Energy Vault in a report on Tuesday. They issued an "overweight" rating and a $7.00 price target for the company. The Goldman Sachs Group upped their target price on shares of Energy Vault from $1.75 to $2.00 and gave the stock a "sell" rating in a research note on Thursday, March 19th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Energy Vault in a report on Friday, January 9th.

Energy Vault Trading Up 1.0%

NYSE NRGV opened at $4.43 on Tuesday. Energy Vault has a 12 month low of $0.65 and a 12 month high of $6.35. The stock has a 50-day simple moving average of $3.48 and a 200 day simple moving average of $3.98. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $765.44 million, a PE ratio of -6.81 and a beta of 1.14.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $153.31 million for the quarter, compared to analyst estimates of $152.57 million. Energy Vault had a negative return on equity of 106.69% and a negative net margin of 50.87%. Research analysts forecast that Energy Vault will post -0.56 EPS for the current year.

Insider Buying and Selling at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the sale, the chief financial officer directly owned 1,060,945 shares in the company, valued at $3,373,805.10. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 16,950 shares of company stock worth $55,062. 17.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Vault

A number of large investors have recently modified their holdings of the business. State Street Corp increased its position in shares of Energy Vault by 1,004.0% in the fourth quarter. State Street Corp now owns 5,697,735 shares of the company's stock valued at $26,267,000 after acquiring an additional 5,181,624 shares during the last quarter. Legal & General Group Plc bought a new position in Energy Vault in the fourth quarter valued at approximately $18,217,000. Millennium Management LLC increased its position in shares of Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company's stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Energy Vault in the 4th quarter valued at approximately $11,454,000. Finally, Marshall Wace LLP grew its stake in shares of Energy Vault by 132.7% in the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company's stock valued at $14,725,000 after buying an additional 1,821,462 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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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