Energy Vault (NYSE:NRGV) Shares Down 5.7% - Here's What Happened

Key Points

• Shares fell 5.7% on Friday to about $4.35 (intraday low $4.40) on light volume of 688,874 shares, an 81% decline from the stock's average session volume.
• Analysts are cautious: one Buy and three Sell ratings give a consensus "Reduce" rating with a consensus target of about $4.03, though individual targets range from $2.00 to $6.05.
• Energy Vault reported Q results showing an EPS miss of ($0.13) vs. ($0.07) expected while revenue of $153.3M slightly beat estimates, and the company remains unprofitable with a negative net margin (~50.9%) and negative ROE (~106.7%).

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) traded down 5.7% during trading on Friday . The company traded as low as $4.40 and last traded at $4.3450. 688,874 shares traded hands during trading, a decline of 81% from the average session volume of 3,656,367 shares. The stock had previously closed at $4.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Fundamental Research set a $6.05 price target on Energy Vault and gave the stock a "buy" rating in a research report on Tuesday, March 24th. Zacks Research lowered Energy Vault from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. The Goldman Sachs Group increased their price objective on Energy Vault from $1.75 to $2.00 and gave the company a "sell" rating in a research report on Thursday, March 19th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Energy Vault in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $4.03.

Energy Vault Price Performance

The stock has a market capitalization of $768.90 million, a P/E ratio of -6.84 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $3.48 and a 200 day simple moving average of $3.98.

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

Insider Buying and Selling at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the transaction, the chief financial officer owned 1,060,945 shares of the company's stock, valued at $3,373,805.10. This represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 16,950 shares of company stock valued at $55,062. Corporate insiders own 15.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NRGV. AQR Capital Management LLC lifted its stake in shares of Energy Vault by 381.1% in the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock valued at $73,000 after purchasing an additional 83,410 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Energy Vault by 201.9% in 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 period. Goldman Sachs Group Inc. lifted its stake in shares of Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock valued at $277,000 after purchasing an additional 16,101 shares during the period. Jane Street Group LLC lifted its stake in shares of Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company's stock valued at $97,000 after purchasing an additional 119,636 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Energy Vault in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 40.03% of the company's stock.

About Energy Vault

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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