Energy Vault (NYSE:NRGV) Trading Up 8.9% - Here's What Happened

Key Points

• Energy Vault shares climbed 8.9% to about $3.64 in Tuesday midday trading, although volume was roughly 87% below the average session level.
• Analyst sentiment remains mixed: three analysts rate the stock Buy, one Hold and two Sell, producing a consensus Hold rating and an average price target of $5.01.
• Institutional investors own about 40.03% of the company, while CFO Michael Thomas Beer recently sold 65,000 shares at an average price of $4.08.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) shares rose 8.9% during trading on Tuesday . The stock traded as high as $3.59 and last traded at $3.6370. 601,934 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 4,568,258 shares. The stock had previously closed at $3.34.

Analyst Upgrades and Downgrades

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

Energy Vault Trading Up 9.1%

The firm's 50-day simple moving average is $3.87 and its 200-day simple moving average is $3.98. The firm has a market capitalization of $649.72 million, a PE ratio of -5.12 and a beta of 1.21. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94.

Insider Transactions at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault 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 transaction, the chief financial officer directly owned 1,021,806 shares of the company's stock, valued at $4,168,968.48. The trade was a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energy Vault

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake 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 valued at $73,000 after acquiring an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Energy Vault by 201.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company's stock worth $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 valued at $277,000 after purchasing an additional 16,101 shares during the period. Jane Street Group LLC raised its position in Energy Vault by 613.7% during 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 last quarter. Finally, XTX Topco Ltd bought a new position in Energy Vault during the 2nd quarter valued at approximately $39,000. Institutional investors own 40.03% of the company's stock.

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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