Energy Vault's (NRGV) Sell (E+) Rating Reiterated at Weiss Ratings

Key Points

• Energy Vault's stock retains a "sell (e+)" rating from Weiss Ratings, highlighting ongoing challenges in its performance and investor sentiment.
• Goldman Sachs raised its price target for Energy Vault from $0.50 to $1.50 while maintaining a "sell" rating, indicating a cautious outlook despite potential growth.
• Insider selling was noted, as CFO Michael Beer and insider Akshay Ladwa sold significant shares, which may reflect on the management’s confidence in the stock's future performance.

Energy Vault (NYSE:NRGV - Get Free Report)'s stock had its "sell (e+)" rating reiterated by research analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

Separately, The Goldman Sachs Group upped their price target on Energy Vault from $0.50 to $1.50 and gave the company a "sell" rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1.67.

Energy Vault Trading Up 10.9%

Shares of NRGV stock traded up $0.41 on Tuesday, reaching $4.16. The company had a trading volume of 3,447,244 shares, compared to its average volume of 1,919,002. 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 stock has a market cap of $672.99 million, a PE ratio of -4.29 and a beta of 0.93. The company has a 50-day moving average of $2.28 and a 200-day moving average of $1.35. Energy Vault has a 12 month low of $0.60 and a 12 month high of $4.23.

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

Insiders Place Their Bets

In related news, CFO Michael Thomas Beer sold 50,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $2.17, for a total transaction of $108,500.00. Following the completion of the sale, the chief financial officer directly owned 1,216,103 shares of the company's stock, valued at approximately $2,638,943.51. This represents a 3.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Akshay Ladwa sold 75,000 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $3.11, for a total value of $233,250.00. Following the sale, the insider directly owned 1,934,582 shares of the company's stock, valued at approximately $6,016,550.02. The trade was a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 132,400 shares of company stock valued at $288,130 and sold 266,024 shares valued at $637,479. 15.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Energy Vault

Large investors have recently bought and sold shares of the company. Ground Swell Capital LLC acquired a new position in Energy Vault during the 2nd quarter worth approximately $26,000. Catalyst Funds Management Pty Ltd acquired a new position in Energy Vault during the 2nd quarter worth approximately $36,000. XTX Topco Ltd acquired a new position in Energy Vault during the 2nd quarter worth approximately $39,000. Tower Research Capital LLC TRC boosted its position in Energy Vault by 570.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company's stock worth $57,000 after acquiring an additional 67,199 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Energy Vault by 381.1% during the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock worth $73,000 after acquiring an additional 83,410 shares during the last quarter. Institutional investors and hedge funds 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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