Energy Vault (NYSE:NRGV) PT Set at $8.03 by Fundamental Research

Key Points

• Fundamental Research assigned Energy Vault an $8.03 price target and Buy rating, implying 122.13% upside from the stock’s reported $3.62 price.
• Analyst sentiment remains mixed: the consensus rating is Hold with an average price target of $5.81, despite Buy ratings from Citigroup, Cantor Fitzgerald and Roth Capital.
• Energy Vault’s latest quarter included revenue of $17.37 million, above estimates, but an adjusted loss of $0.17 per share missed expectations; the stock fell 5.4% in Tuesday trading.

Energy Vault (NYSE:NRGV - Get Free Report) received a $8.03 target price from stock analysts at Fundamental Research in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Fundamental Research's target price points to a potential upside of 122.13% from the stock's current price.

Other analysts also recently issued reports about the company. Citigroup upgraded Energy Vault from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $7.00 target price on shares of Energy Vault in a research note on Wednesday, August 12th. Wall Street Zen downgraded Energy Vault from a "sell" rating to a "strong sell" rating in a report on Saturday. Zacks Research raised Energy Vault from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Roth Capital reaffirmed a "buy" rating and set a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.81.

Energy Vault Trading Down 5.4%

NRGV stock traded down $0.20 during trading on Tuesday, hitting $3.62. The company had a trading volume of 2,786,752 shares, compared to its average volume of 4,637,544. The stock has a market cap of $644.36 million, a PE ratio of -5.48 and a beta of 1.21. The business has a 50-day moving average of $3.67 and a 200-day moving average of $3.93. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault has a one year low of $1.40 and a one year high of $6.64.

Energy Vault (NYSE:NRGV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (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 firm had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Research analysts predict that Energy Vault will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Dylan Hixon bought 27,472 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of $3.88 per share, for a total transaction of $106,591.36. Following the acquisition, the director directly owned 27,472 shares in the company, valued at approximately $106,591.36. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief financial officer directly owned 1,021,806 shares of the company's stock, valued at approximately $4,168,968.48. The trade was a 5.98% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 17.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock worth $73,000 after acquiring an additional 83,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Energy Vault by 201.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company's stock valued at $125,000 after purchasing an additional 118,641 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock worth $277,000 after purchasing an additional 16,101 shares in the last quarter. Jane Street Group LLC increased its holdings in Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company's stock worth $97,000 after purchasing an additional 119,636 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Energy Vault in the second quarter worth approximately $39,000. 40.03% of the stock is owned by 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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