Energy Vault (NYSE:NRGV) Shares Up 8.9% - Still a Buy?

Key Points

• Energy Vault shares rose 8.9% to $3.105, although trading volume was about 80% below the stock’s average daily volume.
• Analyst sentiment remains mixed: Citigroup upgraded the stock to “buy,” while other firms issued “hold” or “sell” ratings. The consensus rating is “Hold”, with an average price target of $5.01.
• The company remains unprofitable, reporting a quarterly loss of $0.20 per share versus expectations of $0.15, alongside a negative net margin of 52.97% and high debt-to-equity of 4.94. CFO Michael Thomas Beer also sold 65,000 shares, reducing his ownership by 5.98%.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) was up 8.9% on Monday . The stock traded as high as $3.13 and last traded at $3.1050. 890,153 shares traded hands during trading, a decline of 80% from the average daily volume of 4,453,710 shares. The stock had previously closed at $2.85.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NRGV. Citigroup raised shares of Energy Vault from a "neutral" rating to a "buy" rating and reduced their target price for the company from $5.25 to $5.00 in a report on Wednesday, July 22nd. Wall Street Zen lowered shares of Energy Vault from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Cantor Fitzgerald started coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They set an "overweight" rating and a $7.00 price objective for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Energy Vault in a report on Wednesday, May 27th. Finally, Zacks Research upgraded Energy Vault from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $5.01.

Energy Vault Trading Up 8.2%

The business's 50-day moving average is $4.11 and its two-hundred day moving average is $4.09. The stock has a market capitalization of $549.89 million, a PE ratio of -4.36 and a beta of 1.17. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share 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 analysts' expectations of $20.72 million. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. On average, analysts anticipate that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value 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. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.20% of the company's stock.

Institutional Trading of Energy Vault

A number of large investors have recently bought and sold shares of NRGV. Forte Asset Management LLC purchased a new position in shares of Energy Vault in the 1st quarter valued at approximately $33,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Energy Vault during the third quarter worth approximately $36,000. XTX Topco Ltd acquired a new stake in shares of Energy Vault during the second quarter worth $39,000. Banco BTG Pactual S.A. purchased a new position in Energy Vault in the 3rd quarter valued at $43,000. Finally, Calamos Advisors LLC acquired a new position in Energy Vault in the 1st quarter valued at $48,000. 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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