Energy Vault (NYSE:NRGV) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up Tuesday, opening at $4.76 after a $4.44 close and last trading around $4.7450 on volume of ~649,289 shares.
• Analyst views are mixed — two Buys vs. three Sells, an overall MarketBeat average rating of "Reduce" and an average target price of $5.02 (Cantor Fitzgerald $7 overweight; Goldman Sachs $2 sell).
• Fundamentals show an EPS miss (reported -$0.13 vs. -$0.07 expected), a negative net margin (50.87%) and negative ROE (106.69%), with a market cap of about $859 million.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.44, but opened at $4.76. Energy Vault shares last traded at $4.7450, with a volume of 649,289 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NRGV shares. Cantor Fitzgerald started coverage on shares of Energy Vault in a research report on Tuesday. They issued an "overweight" rating and a $7.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Energy Vault from $1.75 to $2.00 and gave the company a "sell" rating in a research report on Thursday, March 19th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Energy Vault in a research report on Friday, January 9th. Zacks Research lowered shares of Energy Vault from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. 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. Two research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $5.02.

Energy Vault Stock Performance

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's 50-day moving average price is $3.48 and its two-hundred day moving average price is $3.98. The company has a market cap of $858.85 million, a P/E ratio of -7.64 and a beta of 1.14.

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

Insider Activity at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the firm's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders have bought 16,950 shares of company stock valued at $55,062 in the last ninety days. Company insiders own 17.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NRGV. Millennium Management LLC lifted its position in shares of Energy Vault by 141.2% in the third 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 in the last quarter. State Street Corp lifted 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 worth $26,267,000 after purchasing an additional 5,181,624 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Energy Vault in the fourth quarter worth approximately $18,217,000. Marshall Wace LLP lifted its position 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 worth $14,725,000 after purchasing an additional 1,821,462 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Energy Vault in the fourth quarter worth approximately $11,454,000. 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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