Energy Vault (NYSE:NRGV) Trading Up 10.2% - Here's Why

Key Points

• Energy Vault's stock price rose by 10.2% during mid-day trading, reaching a high of $3.66, despite a significant decline in trading volume compared to the average session.
• Analysts have mixed ratings on Energy Vault, with a current average rating of "Reduce" and a price target of $1.67, while two analysts rated it as a Buy and three as a Sell.
• The company reported a quarterly loss of ($0.22) EPS, significantly missing analyst expectations, and has a negative net margin of 279.38% and projected earnings of -0.64 for the current year.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) traded up 10.2% during mid-day trading on Friday . The stock traded as high as $3.66 and last traded at $3.72. 514,684 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 1,958,901 shares. The stock had previously closed at $3.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NRGV shares. Weiss Ratings restated a "sell (e+)" rating on shares of Energy Vault in a report on Tuesday, October 14th. The Goldman Sachs Group lifted their price target on Energy Vault from $0.50 to $1.50 and gave the stock a "sell" rating in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Energy Vault from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $1.67.

Energy Vault Stock Up 5.2%

The business has a fifty day moving average price of $2.67 and a two-hundred day moving average price of $1.51. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.11. The company has a market cap of $573.76 million, a price-to-earnings ratio of -3.64 and a beta of 0.93.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.15). Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. The company had revenue of $8.51 million for the quarter, compared to analysts' expectations of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. On average, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Insider Transactions at Energy Vault

In other news, Director Dylan Hixon purchased 20,000 shares of the business's stock in a transaction dated Friday, August 29th. The stock was bought at an average cost of $1.92 per share, with a total value of $38,400.00. Following the purchase, the director directly owned 900,065 shares of the company's stock, valued at approximately $1,728,124.80. This trade represents a 2.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Piconi purchased 17,500 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average cost of $3.02 per share, with a total value of $52,850.00. Following the purchase, the chief executive officer owned 20,199,884 shares in the company, valued at $61,003,649.68. This represents a 0.09% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 132,400 shares of company stock valued at $288,130 and have sold 200,000 shares valued at $584,000. Corporate insiders own 15.40% of the company's stock.

Hedge Funds Weigh In On Energy Vault

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC acquired a new stake in Energy Vault in the 2nd quarter worth approximately $26,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Energy Vault in the second quarter worth $36,000. XTX Topco Ltd bought a new stake in shares of Energy Vault during the 2nd quarter worth $39,000. Tower Research Capital LLC TRC grew its stake in Energy Vault by 570.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company's stock valued at $57,000 after buying an additional 67,199 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in 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 buying an additional 83,410 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.

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